Apple's Q4 Revenue Hits $114.5 Billion, Greater China Sets New Record, but Memory Price Hikes Become Biggest Headwind
Apple announced its Q4 results for fiscal year 2026, ended September 26, with revenue of $114.5 billion, a 12% year-over-year increase. Revenue in Greater China rose 21% for the quarter and 28% for the full fiscal year, both hitting record highs. Executives noted that memory price hikes are squeezing gross margins and expect memory costs to continue rising.
Apple's Q4 Revenue Hits $114.5 Billion, Greater China Sets New Record, but Memory Price Hikes Become Biggest Headwind
Apple announced its fourth-quarter fiscal 2026 results, ended September 26, with revenue of $114.5 billion, a 12% year-over-year increase, and diluted earnings per share of $2.10, up 14% year-over-year. Both figures set new records for the September quarter. For the full fiscal year, revenue reached $479 billion, an all-time high. Revenue in the Greater China region grew 21% year-over-year during the quarter, setting a new record for the September quarter, and increased by 28% for the full fiscal year, also reaching a record high.
Apple CEO John Ternus and other executives stated on the earnings call that rising memory prices are squeezing the company's gross margin, and they expect memory costs to continue rising. They anticipate that future supply constraints for Macs and iPads will primarily stem from tight memory supply. The initial response to the iPhone Duo has been positive, but its supply is also currently limited. Apple has already raised the prices of several products to partially offset these costs.
Source: Apple Newsroom | Bloomberg | Cailian Press
