Apple Reports 12% Revenue Growth in Fiscal Q4 2026 Driven by iPhone and Services
Apple (AAPL) reported record September-quarter revenue of $114.5 billion, representing a 12% increase year-over-year. The company's performance was bolstered by record sales in both the iPhone and Services segments. However, earnings per share (EPS) were artificially inflated by one-time tariff refunds, which contributed approximately $0.05 to the reported EPS and added about one percentage point to gross margins. While top-line growth remains strong, investors are closely monitoring underlying profitability. Without the one-time tariff benefits, EPS growth would have been roughly 11%, trailing revenue growth slightly. As Apple enters the holiday season with a broad product lineup including new iPhone models and an updated Siri, market focus shifts to whether these new launches can maintain margins once the tariff-related tailwinds subside.
Tickers: $AAPL
Topics: Earnings Per Share Gross Margin Operating Cash Flow Revenue Growth Tariff Refunds
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