Key Highlights

  • Apple (NASDAQ:AAPL) brought in USD 114.5 billion of Revenue for the September quarter, up 12% and a record for that period, ending September 26, 2026. Diluted EPS reached USD 2.10, up 14%.
  • Gross Margin came to 47.9%, including about 1 point from Tariff refunds. EPS also picked up USD 0.05 from those refunds, so part of the profit is not a repeatable operating gain.
  • Apple paid out USD 28 billion to shareholders, declared a quarterly Dividend of USD 0.27 per share payable November 16, 2026, and posted fiscal 2026 revenue of USD 479 billion, an all-time high.
  • Published market data put AAPL at USD 338.32, down 1.83% in the latest session, with USD 112.01 billion of Net Income over the last four quarters and a P/E of 38.78. Those screener numbers have not been verified.

Strong Quarter With a One-Off Boost

Apple reported its fiscal Q4 numbers on November 2, 2026. Revenue rose 12% to USD 114.5 billion, and iPhone sales and overall net income each hit a September-quarter high, although the release we reviewed gave no dollar amount for either. Diluted EPS rose 14% to USD 2.10. Management attributed about 1 point of the 47.9% gross margin, plus USD 0.05 of EPS, to tariff refunds. So Apple (NASDAQ:AAPL) posted a clean record, though a slim share traces to tariff refunds, which might not repeat. Stripping those out, our math puts EPS near USD 2.05, still a healthy gain year over year, and fiscal 2026 revenue of USD 479 billion underscores how large the Franchise has become.

What the Trailing Figures Show

Net income rankings order companies by profit after tax over the last twelve months. Published data put AAPL at USD 112.01 billion, with EPS of USD 8.72, which implies the 38.78 P/E shown. We have not matched those screener numbers to the filing. For a firm of Apple's size, net income is a sensible lens because it folds in margins, taxes and Buybacks at once. Operating cash generation reached USD 28 billion in the quarter, and USD 28 billion went back to holders, meaning most Earnings flow back to shareholders through payouts and buybacks.

Risks to Monitor

The release offered no forward guidance, so investors need to await commentary from the November 2 earnings call. Published commentary points to higher memory chip prices as a margin headwind, though it reflects one outside opinion and we have not confirmed its size. Reversals in tariff refunds could erase the lift they provided this quarter. At a P/E of 38.78 on screener data, AAPL trades at a rich valuation, and the stock fell 1.83% in the most recent session. Holders of record as of November 12, 2026 are entitled to the dividend. Services strength, which the release described as an all-time high, supports margins, although hardware cycles and app store fee rules are still worth tracking.

Where Things Stand

Apple turned USD 114.5 billion of September quarter sales into record profit, sent USD 28 billion back to shareholders and lifted EPS 14% to USD 2.10, though roughly USD 0.05 of that came from tariff refunds. Investors who sort stocks by earnings power will see Apple (NASDAQ:AAPL) near the top of the list. What remains to be seen is how memory costs trend and whether sales expansion supports a valuation this high on screener data.