OpenNashEarnings

Consumer Technology · Nasdaq: AAPL

Apple earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends September · next results expected around 28 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Apple reported fourth quarter revenue of $114.5 billion, up 12 percent year over year, with gross margin of 47.9 percent and diluted EPS of $2.10, up 14 percent.

Apple posted a September quarter record of $114.5 billion in revenue, up 12 percent, even though supply was tight on iPhone, Mac and iPad. iPhone revenue rose 17% and Mac 24%, while iPad and Wearables, Home and Accessories fell against strong launches a year earlier. Services hit an all-time high. Diluted EPS was $2.10, including a $0.05 boost from tariff refunds. Fiscal 2026 revenue reached a record $479 billion.

Read the Q4 FY2026 summary →

Quarters

KPI history

Revenue$114.5B+11.7% y/yQ4 FY26
Q1 FY25: $124.3BQ1 25$124.3BQ2 FY25: $95.4BQ2 25$95.4BQ3 FY25: $94.0BQ3 25$94.0BQ4 FY25: $102.5B (worked out from the annual figure)Q4 25$102.5BQ1 FY26: $143.8BQ1 26$143.8BQ2 FY26: $111.2BQ2 26$111.2BQ3 FY26: $109.4BQ3 26$109.4BQ4 FY26: $114.5B (worked out from the annual figure)Q4 26$114.5B

Fourth quarter worked out from the annual figure.

Data
Q1 FY25$124.3B
Q2 FY25$95.4B
Q3 FY25$94.0B
Q4 FY25$102.5B *
Q1 FY26$143.8B
Q2 FY26$111.2B
Q3 FY26$109.4B
Q4 FY26$114.5B *
Diluted EPS (GAAP)$2.02+28.7% y/yQ3 FY26
Q1 FY25: $2.40Q1 25$2.40Q2 FY25: $1.65Q2 25$1.65Q3 FY25: $1.57Q3 25$1.57Q1 FY26: $2.84Q1 26$2.84Q2 FY26: $2.01Q2 26$2.01Q3 FY26: $2.02Q3 26$2.02
Data
Q1 FY25$2.40
Q2 FY25$1.65
Q3 FY25$1.57
Q1 FY26$2.84
Q2 FY26$2.01
Q3 FY26$2.02

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin31.1%−0.5 pts y/yQ4 FY26
Q1 FY25: 34.5%Q1 2534.5%Q2 FY25: 31.0%Q2 2531.0%Q3 FY25: 30.0%Q3 2530.0%Q4 FY25: 31.6%Q4 2531.6%Q1 FY26: 35.4%Q1 2635.4%Q2 FY26: 32.3%Q2 2632.3%Q3 FY26: 32.6%Q3 2632.6%Q4 FY26: 31.1%Q4 2631.1%
Data
Q1 FY2534.5%
Q2 FY2531.0%
Q3 FY2530.0%
Q4 FY2531.6%
Q1 FY2635.4%
Q2 FY2632.3%
Q3 FY2632.6%
Q4 FY2631.1%
Free cash flow$25.9B−2.4% y/yQ4 FY26
Q1 FY25: $27.0BQ1 25$27.0BQ2 FY25: $20.9BQ2 25$20.9BQ3 FY25: $24.4BQ3 25$24.4BQ4 FY25: $26.5BQ4 25$26.5BQ1 FY26: $51.6BQ1 26$51.6BQ2 FY26: $26.7BQ2 26$26.7BQ3 FY26: $31.9BQ3 26$31.9BQ4 FY26: $25.9BQ4 26$25.9B
Data
Q1 FY25$27.0B
Q2 FY25$20.9B
Q3 FY25$24.4B
Q4 FY25$26.5B
Q1 FY26$51.6B
Q2 FY26$26.7B
Q3 FY26$31.9B
Q4 FY26$25.9B

Operating cash flow minus capital expenditure, from cash flow statements.

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$124.3B$95.4B$94.0B$102.5Bd$143.8B$111.2B$109.4B$114.5Bd
Gross margin46.9%47.1%46.5%47.2%48.2%49.3%50.1%47.9%
Operating income$42.8B$29.6B$28.2B$32.4Bd$50.9B$35.9B$35.7B$35.6Bd
Operating margin34.5%31.0%30.0%31.6%35.4%32.3%32.6%31.1%
Net income$36.3B$24.8B$23.4B$27.5Bd$42.1B$29.6B$29.8B$30.7Bd
Diluted EPS$2.40$1.65$1.57—$2.84$2.01$2.02—
Operating cash flow$29.9B$24.0Bd$27.9Bd$29.7Bd$53.9B$28.7Bd$34.4Bd$28.1Bd
Capital expenditure$2.9B$3.1Bd$3.5Bd$3.2Bd$2.4B$2.0Bd$2.5Bd$2.2Bd
Free cash flow$27.0B$20.9B$24.4B$26.5B$51.6B$26.7B$31.9B$25.9B
R&D expense$8.3B$8.6B$8.9B$8.9Bd$10.9B$11.4B$11.7B$11.7Bd

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings