Apple tops Q4 profit estimates on September quarter revenue record

Apple (AAPL) said in a press release on Nov. 2 that revenue for its fiscal fourth quarter, ended Sept. 26, rose 12% from a year earlier to $114.48 billion. The company said the result was a September quarter record for total revenue.

Diluted earnings per share were $2.10, up 14% from a year earlier. That topped the $2.03 consensus estimate compiled by Finnhub. Revenue was below the $115.66 billion estimate.

Here's how the company did:

• Revenue: $114.48 billion vs. $102.47 billion a year earlier
• Diluted EPS: $2.10 vs. $1.85 a year earlier, against the $2.03 estimate compiled by Finnhub
• Net income: $30.71 billion vs. $27.47 billion a year earlier

iPhone and Services

iPhone revenue reached $57.58 billion, up from $49.03 billion a year earlier. The company said iPhone set a September quarter record.

Services revenue rose to $31.57 billion from $28.75 billion a year earlier. The company said Services reached an all-time high.

CEO John Ternus said, “We’re closing the year with our most ambitious lineup yet.” He pointed to the iPhone Duo, iPhone 18 Pro and iPhone 18 Pro Max, and new home hardware.

Margins and cash returns

Gross margin was 47.9%. That included a favorable impact of about 1 percentage point from tariff refunds.

Diluted earnings per share also included a favorable impact of 5 cents from tariff refunds.

CFO Kevan Parekh said the company generated $28 billion in operating cash flow during the quarter. He said Apple returned $28 billion to shareholders in the same period.

Parekh also said the installed base of active devices reached a new all-time high across all major product categories and geographic segments.

Dividend

Apple’s board declared a cash dividend of 27 cents per share. The dividend is payable Nov. 16 to shareholders of record as of Nov. 12.

The company will host a conference call at 2 p.m. PT on Nov. 2.