Apple Posts Record $114.5 Billion Quarter Led by iPhone Sales

Is the iPhone still powerful enough to carry Apple? The company reported fourth-quarter revenue of $114.48 billion, up 12% and a record for the September quarter, ahead of its own guidance for 9% to 11% growth. Net profit reached $30.71 billion, and earnings per share came in at $2.10. The results beat expectations.

iPhone revenue was $57.58 billion while Services contributed $31.57 billion. Fiscal 2026 revenue reached a record $479 billion, and Apple said its active installed base of devices hit an all-time high. Those figures show the ecosystem continues to grow, supporting recurring income beyond hardware cycles. Analysts called the numbers impressive.

MacRumors reported that December-quarter guidance points to revenue growth of 7% to 10% but gross margin of only 45% to 46%, partly due to higher memory costs and Siri AI investment. It is the first earnings report under chief executive John Ternus, so investors are watching closely for how he balances growth and margins.