Apple Reports $114.4 Billion Q4 Revenue
Apple's fourth-quarter 2026 results, the first reported under CEO John Ternus, topped Wall Street expectations.
Updated on Nov. 2, 2026 in Consumer Electronics
Apple reported fourth-quarter 2026 revenue of $114.4 billion, up from $102.5 billion a year earlier and above the Wall Street consensus of $113.4 billion. The company also reported full-year 2026 gross sales of $478.3 billion.
Why it matters
The results mark the first quarterly report under new CEO John Ternus, following Tim Cook's final results call as chief executive. Strong iPhone and Services sales underscore the company's reliance on its core hardware and subscription businesses.
Q4 2026 Mac revenue reached $10.79 billion, iPad revenue $6.22 billion, and Wearables, Home, and Accessories $8.3 billion, with Services contributing $31.57 billion. The quarter's hardware launches, including iPhone 18 Pro models and the iPhone Duo, have not yet shown up in reported figures.
The players
Apple Inc.
Apple is a Cupertino, California-based technology company known for the iPhone, Mac, iPad, and its Services business.
John Ternus
John Ternus is Apple's newly installed chief executive, succeeding Tim Cook and leading the company's first quarterly report under his tenure.
Tim Cook
Tim Cook served as Apple's chief executive for more than a decade and oversaw the company's expansion into Services and wearables before stepping down.
The details
Apple's Q4 2026 quarter included launches of the iPhone 18 Pro models, Mac lineup updates, a smart home refresh, and the iPhone Duo. Growth was led by iPhone sales, which rose from $54.25 billion to $57.58 billion year over year.
Timeline
July 2026: Tim Cook held his final results call as CEO.
November 2, 2026: Apple reported fourth-quarter 2026 results.
Q1 2027: Financial effects of the Q4 2026 product launches are expected to appear.
Market Landscape
Apple's quarterly growth continues the iPhone-led upcycle it rode during the iPhone 12 launch era. The strength of Services revenue, at $31.57 billion this quarter, reflects the company's ongoing push to diversify beyond hardware sales.
The iPhone 18 Pro models and iPhone Duo launched this quarter, giving buyers new hardware options in the current lineup. Higher Services revenue suggests continued growth in subscription offerings used across Apple devices.
The takeaway
Apple's results show that its hardware and Services businesses are both contributing to growth as leadership changes hands. Readers tracking the company should watch whether the new product launches lift Q1 2027 figures.
What happens next
Apple's Q1 2027 results are expected to reflect the financial effect of the Q4 2026 product launches.
Further reading
For more on the devices driving these results, see Consumer Electronics.
