Apple Q4: $114.5B revenue up 12%, AI/Siri spending to squeeze margins
mitchdeg · x · 2026-11-03
Apple's FY26 Q4 results: revenue $114.5B (+12%, 2% forex headwind), net profit $30.7B (27% of sales), EPS $2.1 (+14%). iPhone +17% despite severe supply constraints, Mac +24%, iPad -10%, Wearables -10%, Services +10% (now a $120B+/year business). Gross margin hit 47.9% with Services contributing 44% of gross margin; 2.5B device installed base. Apple expects margin to fall to 45-46% in the December quarter due to memory costs and the AI/Siri ramp-up.
More from Venture
- Deepgram acquires Daily; open-source voice agent framework Pipecat to stay open with a foundation — sven_ai · 2026-11-03
- tszzl mocks Ed Zitron for citing the 'sixth derivative' of Anthropic revenue — tszzl · 2026-11-03
- Founder with $25M ARR Pitched 50 VCs in a Year, Then Rejected Every Term Sheet — MatthewChang · 2026-11-03
- AI-native startup now adds more revenue per month than its entire former ARR — petergyang · 2026-11-03
- Designer builds AI website UX auditor on $1,500 budget, $7 spent so far — noya1979 · 2026-11-03
- Spotify to charge $4-5 for AI song remixes, with original artists getting paid — CtrlAltDwayne · 2026-11-03