Apple Inc.: EPS $2.05 vs $1.99 expected; revenue $114.5B vs $113.4B
Key Facts
Q4 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.05 | 1.99 | +3.0% | 1.85 |
| Revenue (USD bn) | 114.48 | 113.40 | +0.9% | 102.47 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Q4 FY2026 | 2.05 | 1.99 | +3.0% | 114.48 | 113.40 | +0.9% |
| Jul 30, 2026 | Q3 FY2026 | 2.02 | 1.89 | +6.9% | 109.42 | 109.04 | +0.3% |
| Apr 30, 2026 | Q2 FY2026 | 2.01 | 1.95 | +3.1% | 111.18 | 109.46 | +1.6% |
| Jan 29, 2026 | Q1 FY2026 | 2.85 | 2.67 | +6.7% | 143.76 | 138.39 | +3.9% |
| Oct 30, 2025 | Q4 FY2025 | 1.85 | 1.73 | +6.9% | 102.47 | 102.23 | +0.2% |
| Jul 31, 2025 | Q3 FY2025 | 1.57 | 1.44 | +9.0% | 94.04 | 89.56 | +5.0% |
| May 1, 2025 | Q2 FY2025 | 1.65 | 1.63 | +1.2% | 95.36 | 94.54 | +0.9% |
| Jan 30, 2025 | Q1 FY2025 | 2.40 | 2.36 | +1.7% | 124.30 | 124.26 | 0.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Apple Inc. results: EPS $2.05 vs $1.99 expected; revenue $114.5B vs $113.4B. The results cover the company's Q4 FY2026. EPS came in above analysts' estimate by 3.0%; revenue above the estimate by 0.9%.
Revenue was up 11.7% from $102.5 billion a year earlier (Q4 FY2025). EPS was up 10.8% from $1.85 a year earlier. On its record, EPS topped analysts' estimates in 7 of 7 earlier comparable reports.
What the results mean
Apple’s results show revenue growth, while understanding its business centers on its ability to combine device sales with services within a connected ecosystem. Its revenue sources span phones, computers, tablets and accessories, alongside digital services.
Subscriptions, the App Store, cloud services and technical support allow the customer relationship to continue after a device purchase. Advertising and licensing add revenue channels, but the available data do not establish how these activities contributed to revenue growth.
What to watch on the earnings call: The earnings call merits attention for management’s discussion of device demand, the role of services and subscriptions in Apple’s business, and its comments on margins and spending. Clarification of product and service contributions would help explain the sources of revenue growth and how broadly it extends across the business.
For the full analysis of Apple Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.
Latest Updates · 1
- Notable·
Update: Apple's iPhone sales rose 17.5% to $57.6 billion during the fiscal fourth quarter of 2026. These figures confirm the contribution of handset sales to the total revenue of $114.5 billion reported for the same period.