Apple will likely be releasing its fourth-quarter monetary outcomes on November 2, the primary below CEO John Ternus. Here is what occurred through the quarter, what you possibly can count on, and what analysts assume will likely be reported.
After each quarter, Apple has a regulatory responsibility to concern a quarterly report for its monetary efficiency. Following the tip of the fourth quarter, the outcomes are arriving on November 2.
As common, the outcomes will then be adopted by the standard convention name at 5 p.m. EDT. CEO John Ternus and CFO Kevan Parekh will likely be on the decision to supply commentary for the figures.
AppleInsider will likely be analyzing the outcomes as they’re launched, together with the questions and solutions from the convention name.
Apple’s This autumn expectations
Throughout its Q3 2026 outcomes, Apple doled out its fourth-quarter income expectations. Whereas analysts forecasted 12.1% progress in This autumn on the time of Apple’s steerage, Apple itself anticipated 9% to 11% year-over-year progress.
Income from iPhone is predicted to go up by a mid-teens proportion, whereas Providers progress needs to be the identical as Q3.
Apple income and gross margin, as of Q3 2026
Then-CEO Tim Cook dinner additionally shared that there might be issues supplying iPhones to shoppers. Demand was so excessive that the provision chain would not be capable to sustain with it.
Foreign money modifications are additionally a fear for income progress within the interval. The reminiscence disaster may also be a sensitive topic.
This autumn Product Modifications
Whereas the fourth quarter is an enormous one for Apple, the timing of product launches means the quarter will not totally profit from them. As a substitute, you possibly can count on the next Q1 quarter to get the majority of the gross sales bump.
As for what Apple launched within the quarter, that record is in depth:
- Mac mini M6 and M5 Professional (Launched September 22, 5 availability days within the quarter)
- Mac Studio M5 Max and M5 Extremely (Launched September 22, 5 availability days within the quarter)
- iPhone 18 Professional and Professional Max (Launched September 18, 9 availability days within the quarter)
- iPhone Duo (Launched October 23, unavailable through the quarter)
- Apple Watch Collection 12 (Launched September 18, 9 availability days within the quarter)
- Apple Watch Extremely 4 (Launched September 18, 9 availability days within the quarter)
- HomePod mini 2 (Launched October 30, unavailable through the quarter)
- Apple TV 4K Gen 4 (Launch on November 13, unavailable through the quarter)
- HomeView (Launch on November 13, unavailable through the quarter)
- iPad mini (Launch on November 6, unavailable through the quarter)
- M6 iMac (Launch on November 6, unavailable through the quarter)
- M6 MacBook Professional (Launch on November 6, unavailable through the quarter)
- PROLED MacBook Professional (Launch on November 6, unavailable through the quarter)
Availability within the quarter relies on the This autumn finish of September 26, 2026.
Final Quarter: Q3 2026
The Q3 2026 outcomes on July 30 was a record-breaker for Apple. The income of $109.4 billion was up 16 % year-over-year, and smashed the Wall Avenue Consensus of $108.96 billion.
iPhone income of $54.25 billion was up 21.7%, with Mac up 28.7% to $10.35 billion, and Wearables, Residence, and Equipment up 6.5% to $7.88 billion.
Apple unit income, as of Q3 2026
The iPad income was a black mark on the outcomes, dipping 5.9% year-over-year to $6.19 billion. Providers maintained its progress as soon as once more, going up 12.7% to $30.73 billion.
The quarter was filled with challenges for Apple, brought on by the continuing reminiscence disaster. Apple finally needed to elevate costs throughout most of its catalog. The iPhone 17 technology was spared, however it was solely a matter of time earlier than the newer fashions had been hit.
12 months In the past Quarter: This autumn 2025
The This autumn 2025 outcomes are what the This autumn 2026 figures will likely be instantly in contrast in opposition to. They had been additionally record-setting, with $102.5 billion income being up from This autumn 2024’s $94.93 billion determine.
The Wall Avenue consensus was a bit increased, at $107.79 billion.
On a per-product foundation, iPhone income of $49.02 billion was up from $46.22 billion in the identical quarter of the earlier 12 months. Mac income reached $8.73 billion, up from $7.74 billion. iPad income was $ 6.952 billion, barely up from the $6.95 billion beforehand reported.
Wearables, Residence, and Equipment landed at $9.04 billion, virtually flat from the year-over-year $9.01 billion. Providers, in the meantime, shifted from $24.9 billion to $28.75 billion.
What’s Wall Avenue anticipating to see in Apple’s Q3 2026 monetary report?
The Wall Avenue consensus refers to a survey of analysts. The outcomes are averaged out to offer a basic opinion of the place buyers and analysts are leaning of their quarterly forecasts.
Yahoo Finance
Yahoo Finance’s income estimate for Apple in This autumn stems from 16 analysts. As of November 1, the typical estimate is $152.75 billion, with a low of $135.68 billion and a excessive of $1162.52 billion.
For the earnings per share estimate, 20 analysts put it at a mean of $2.90. The low is $2.59, and the excessive is $3.42.
TipRanks
TipRanks additionally does its personal analyst polling on Apple’s quarter. In its forecast as of November 1, its consensus is for income at $113.40 billion, with a excessive of $112.53 billion and a low of $117.63 billion.
On earnings per share, the consensus is $1.99, with a low of $1.93 and a excessive of $2.08.
Because the monetary outcomes get nearer, count on these collective forecasts to alter and converge.
Analyst Expectations
Forward of the outcomes and name, analysts supply their very own forecasts of what they assume Apple will likely be declaring in its financials. Relying on the agency and the analyst, these scorching takes embrace each constructive and unfavorable opinions about Apple.
Evercore
In a preview supplied on October 30, Evercore ISI fashions income at about $113 billion with an earnings per share estimate of $1.97, implying 10% year-over-year progress.
There are expectations of 14% iPhone income progress, due to intra-quarter worth will increase to offset reminiscence headwinds and a stronger-than-average refresh cycle.
It additionally contains about 100 foundation factors of tariff refunds, a gross margin of 46.5%, and smaller than anticipated Providers progress.
Evercore designates Apple’s shares as “Outperform” and maintains a worth goal of $380.
Loop Capital
On October 20, Loop Capital downgraded its projections for Apple inventory, oveer claims of lowered manufacturing plans on account of reminiscence and processor shortages. Loop initially anticipated Apple to get better most of the misplaced shipments in 2027, however provide chain checks point out that the outlook was optimistic.
With estimates of Apple lowering September and December quarter shipments by about 10%, the forecasted restoration is now not sure.
In the identical report, Loop minimize the 2027 earnings per share forecast from $10.11 to $9.76, with a warning that reminiscence worth rises might harm income. It additionally minimize projected iPhone income from $315 billion for the 12 months to $285 billion.
General, Loop has set its AAPL worth goal at $330.
UBS
The October 20 prediction from UBS expects Apple to achieve a income of $112.8 billion, with a diluted earnings per share of $1.97.
The anticipated iPhone income of $56 billion implies annual progress of 14%, which might be a progress slowdown from 22% to 23% seen within the earlier three quarters.
Providers income is forecast at $31.6 billion, additionally slowing down however nonetheless rising at 10% yearly. That is due partially to issues like single-digit App Retailer progress within the quarter.
There might be a modest earnings beat if working bills are available under expectations, although UBS doubts buyers will reward upside brought on by decreased spending.
UBS maintains a Impartial score for Apple, with a worth goal of $296.
Morgan Stanley
On October 21, Morgan Stanley anticipated Apple to report September-quarter outcomes which can be broadly according to expectations. As for December, it thinks Apple will get low-to-mid single-digit proportion progress year-over-year.
The earnings per share may also be pretty restricted, and with close to record-high shares, the outcomes will not tip the scales for bulls nor bears.
Morgan Stanley maintains an “Chubby” score and a $355 worth goal.
Financial institution of America
The Financial institution of America view on Apple on October 30 was one which proposed buyers are getting Apple mistaken. The consensus expectations for the quarter could also be modelled incorrectly, as they could not consider Apple’s determination to separate its iPhone rollout into fall and spring launches.
This issues because it might pull premium machine income into one interval, whereas lower-priced quantity gross sales will be pushed into one other. Moreover, BOA thinks Wall Avenue is simply too optimistic in regards to the December quarter income, whereas additionally underestimating the June quarter outcomes.
General, Financial institution of America believes Apple will attain $113 billion in income for This autumn, with an EPS of $1.97. That is barely under its consensus estimates of $114 billion and $1.99, respectively.
BOA maintains a Purchase score and a $370 worth goal.
