Apple beats earnings estimates as margin outlook weighs on shares
đ Apple reported fiscal Q4 2026 revenue of $114.48 billion, up 12% year over year. EPS reached $2.10, beating the $1.99 forecast even after excluding the benefit from tariff refunds.
đą iPhone revenue totaled $57.58 billion, above the $56.54 billion estimate. Demand for the iPhone 18 Pro and price increases helped partially offset higher memory costs.
â ď¸ Apple expects holiday-quarter gross margin of 45â46%, compared with 47.9% in the quarter just reported. However, tariff refunds contributed approximately one percentage point to the reported margin.
âď¸ Services revenue growth is projected at 8â9%, below expectations of 10.7%. With memory costs continuing to rise, Appleâs ability to protect profitability remains a key focus.
đ Shares fell around 4% at one point in after-hours trading before paring losses. The reaction suggests the earnings beat was insufficient to offset concerns about the profit outlook.
#Apple $AAPLB
đ Apple reported fiscal Q4 2026 revenue of $114.48 billion, up 12% year over year. EPS reached $2.10, beating the $1.99 forecast even after excluding the benefit from tariff refunds.
đą iPhone revenue totaled $57.58 billion, above the $56.54 billion estimate. Demand for the iPhone 18 Pro and price increases helped partially offset higher memory costs.
â ď¸ Apple expects holiday-quarter gross margin of 45â46%, compared with 47.9% in the quarter just reported. However, tariff refunds contributed approximately one percentage point to the reported margin.
âď¸ Services revenue growth is projected at 8â9%, below expectations of 10.7%. With memory costs continuing to rise, Appleâs ability to protect profitability remains a key focus.
đ Shares fell around 4% at one point in after-hours trading before paring losses. The reaction suggests the earnings beat was insufficient to offset concerns about the profit outlook.
#Apple $AAPLB
