Apple beats Wall Street forecasts with first Q4 results led by Ternus
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Apple beats Wall Street forecasts with first Q4 results led by Ternus

jack colman
By jack colman
November 3, 2026 2 Min Read
Comments Off on Apple beats Wall Street forecasts with first Q4 results led by Ternus

Fourth-quarter 2026 financial results are in, the first under new CEO John Ternus, with Apple’s revenue at $114.5 billion.

The fourth quarter results bring to an end Apple’s fiscal year, an extremely transitional year for the company. These are the first results under the watchful eye of John Ternus, following Tim Cook’s last conference call in July.

This quarter also involved numerous product launches, including the new iPhone 18 Pro models, updates to the Mac lineup, a smart home refresh, and the iPhone Duo. The full financial effect of these product launches will be felt in the upcoming first quarter results.

Bar chart showing quarterly revenue and gross margin from Q4 2018 to Q4 2026, with revenue consistently higher than gross margin and both generally increasing over time despite some fluctuations

Apple’s quarterly revenue and gross margin, fourth quarter 2026

For the fourth quarter, Apple had revenue of $114.5 billion, compared to $102.5 billion reported in the fourth quarter of 2025. The Wall Street consensus was $113.4 billion.

Looking at product categories, iPhone revenue of $57.58 billion is up from $54.25 billion in Q4 2025. Mac revenue increased from $10.35 billion in last year’s quarter to $10.79 billion in the most recent quarter.

iPad revenue of $6.23 billion was up from $6.19 billion in the fourth quarter of 2025. Wearables, home and accessories saw revenue increase from $7.88 billion last year to $8.3 billion.

Services, the constant growth center of financial results, continued its steady growth, from $30.73 billion in the fourth quarter of 2025 to $31.57 billion in the fourth quarter of 2026.

Bar chart of Apple's quarterly revenue from 2018 to 2026, showing the iPhone dominating, services steadily increasing, and the iPad, Mac, and portable devices smaller but generally increasing with seasonal holiday peaks.

Apple revenue per unit, fourth quarter 2026

As this is the final quarter of the fiscal year, Apple also released its figures for the full year.

Gross sales of $478.3 billion were up from the $416.2 billion reported for fiscal 2025. Gross profit also increased, from $195.2 billion in 2025 to $233.6 billion in 2026.

Line chart showing annual gross sales, gross margin and net profit from 2004 to 2025, all rising steadily, with sales growing fastest, with margin and revenue increasing more gradually below.

Apple’s annual revenue, gross margin and net profit in the fourth quarter of 2026

Ternus talked about Apple hitting a new high for the September quarter and services hitting an all-time high. It is also the company’s best financial year.

With launches like the iPhone Duo and iPhone 18 Pro, as well as the touch-enabled MacBook Pro, “it’s an incredible lineup to take us into the holiday season,” he said.

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jack colman
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jack colman

**Jack** is a staff journalist and digital content writer at **DailyVoxa**, specializing in breaking news, technology, artificial intelligence, business, and global affairs. He is passionate about transforming complex topics into clear, accurate, and engaging stories that help readers stay informed.With a strong focus on fact-based reporting and thorough research, Jack monitors developing events, analyzes reliable sources, and delivers timely news with clarity and context. His work emphasizes accuracy, transparency, and editorial integrity while avoiding sensationalism.At DailyVoxa, every article written by Jack follows the publication's Editorial Policy, Fact-Checking Policy, and Ethics Policy. He is committed to providing trustworthy journalism that empowers readers with reliable information and meaningful insights into the stories shaping the world.

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