Apple (AAPL) Q4 FY2026 Earnings Overview: Record iPhone Sales Meet Weaker 46% Margin Outlook
Apple reported Q4 FY2026 revenue of $114.477 billion, above LSEG's $113.39 billion estimate, while the stock fell 1.90% in the completed reaction session. This earnings analysis examines record iPhone sales, the Q1 FY2027 gross-margin outlook, and whether holiday-quarter growth can absorb higher memory and AI costs.