Apple posts record $114.5 billion quarter in John Ternus's first report as CEO
Apple reported revenue of $114.5 billion for its fiscal fourth quarter, a September-quarter record and up 12% from a year earlier, in CEO John Ternus's first earnings report since he took over from Tim Cook on Sept. 1. Earnings per share were $2.10, above analysts' $1.99 estimate. iPhone revenue was about $57.6 billion, topping estimates, and includes the first eight days of iPhone 18 Pro sales. Services reached an all-time high of $31.6 billion. Shares fell about 1% after hours.
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Why it matters
Apple's results show strong demand for iPhones, including the first eight days of iPhone 18 Pro sales, and record Services revenue. Even so, Apple shares fell about 1% after hours, following a roughly 1.8% drop during the regular session.
Sources
- 9to5Mac: Apple reports Q4 2026 earnings, $114.5 billion, up 12%
- Forbes: Apple's iPhone sales hit $57.6 billion, topping estimates
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