Apple posted record September-quarter revenue of $114.5 billion for fiscal 2026's fourth quarter, up 12% year over year, while shares were roughly flat after hours. Tariff refunds, a one-time item, added about 1 percentage point to gross margin and $0.05 to EPS; without them, EPS growth would be about 11%, slightly below sales growth. Diluted EPS rose 14% to $2.10, gross margin reached 47.9%, and operating cash flow was $28 billion, with $28 billion returned to shareholders. The holiday quarter is the next test, as Apple launches the iPhone Duo, new home hardware, touch on the Mac and a rebuilt Siri; high early production costs could pressure margins. The article suggests watching gross margin excluding refunds, with holding near 47% indicating the new lineup is not eating into profit.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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