Apple closes fiscal 2026 with record revenue and a new iPhone cycle
Apple closed fiscal 2026 with record quarterly revenue of US$114.5 billion, 14% diluted EPS growth and an all-time Services sales high. The result was helped by tariff refunds, while the company’s next test will be converting its latest product cycle into sustained growth.
- Quarterly revenue up 12% to US$114.5 billion
- Diluted EPS rose 14% to US$2.10
- iPhone revenue reached US$57.6 billion
- Services sales hit an all-time high at US$31.6 billion
- US$28 billion returned to shareholders during the quarter
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Apple Inc. (NASDAQ:AAPL) ended fiscal 2026 with a record September quarter, delivering US$114.5 billion in revenue, up 12% year on year, and diluted earnings per share of US$2.10, up 14%. Net income rose to US$30.7 billion from US$27.5 billion, giving the company a strong finish to a fiscal year that produced record total revenue of US$478.8 billion.
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Bottom Line?
Apple’s headline growth is strong, but the next quarter will show how much momentum comes from the product cycle and how much margin support came from tariff refunds.
Questions in the middle?
- How durable will iPhone demand remain as Apple rolls out the iPhone Duo and iPhone 18 Pro range?
- Can Services maintain its all-time-high trajectory without a sharper increase in costs or regulatory pressure?
- How much of the next quarter’s margin will remain after the US$1 billion tariff-refund benefit falls out of the comparison?
Sources
1-
Results of Operations and Financial Condition (opens in a new tab)Official market announcement. SEC filing · Apple Inc. · 2 Nov 2026 · sec.gov
