Apple (AAPL) posted quarterly revenue of $114.5 billion for the fiscal 2026 fourth quarter ended September 26, 2026, a September-quarter record that was up 12 percent from a year earlier. Year-over-year growth slowed from 16 percent in the June quarter and 17 percent in the March quarter. Diluted earnings were $2.10 a share, up 14 percent, including a $0.05 favorable impact from tariff refunds.

Company gross margin was 47.9 percent, including a favorable impact of about 1 percentage point from tariff refunds, down from 50.1 percent in the June quarter, when the refund benefit was about 2 percentage points. Net income was $30.7 billion.

iPhone remained the largest product category. iPhone revenue reached a September-quarter record of $57.6 billion, up 17 percent from $49.0 billion a year earlier, and accounted for about half of total net sales. Products net sales overall were $82.9 billion.

Services revenue hit an all-time high of $31.6 billion, up 10 percent from $28.8 billion a year earlier, and accounted for about 28 percent of the quarter’s net sales. Mac revenue rose to $10.8 billion from $8.7 billion a year earlier. iPad fell to $6.2 billion from $7.0 billion, and Wearables, Home and Accessories declined to $8.3 billion from $9.0 billion.

By geography, Greater China net sales rose to $17.5 billion from $14.5 billion a year earlier. Americas sales were $48.7 billion, Europe $32.0 billion, and Rest of Asia Pacific $9.7 billion. Japan slipped to $6.5 billion from $6.6 billion.

Operating income was $35.6 billion. Research and development expense was $11.7 billion. Selling, general and administrative expense was $7.5 billion.

Chief executive John Ternus said the September-quarter records for revenue and iPhone capped off the company’s best fiscal year ever. Chief financial officer Kevan Parekh said Apple delivered September-quarter records for net income and EPS, and that the record September quarter capped off a strong fiscal 2026, with all-time record revenue of $479 billion and double-digit EPS growth. Parekh said the company generated $28 billion in operating cash flow during the quarter and returned $28 billion to shareholders. The board declared a cash dividend of $0.27 a share, unchanged from the amount declared after the June and March quarters.

Ternus said Apple is closing the year with a lineup that includes the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, new home hardware, Touch on Mac and all-new Siri AI. Parekh said the installed base of active devices reached a new all-time high across all major product categories and geographic segments.