Apple Inc. — 10-K

Critical (9/10)

Filed October 30, 20260000320193-26-000095

Summary

Apple Inc. filed its annual 10-K report for fiscal year 2026, revealing record fourth-quarter revenue of $94.9 billion, up 8% year-over-year. iPhone revenue grew 11% to $48.7B, driven by strong iPhone 16 Pro demand. Services revenue hit an all-time high of $25.3B, up 14%. The company returned $27B to shareholders through dividends and buybacks. Gross margin expanded to 46.9%. Management highlighted accelerating AI features in iOS 19 as a key growth driver for fiscal 2027.

Key Facts

Record Q4 revenue of $94.9B, up 8% YoY
iPhone revenue $48.7B, up 11%
Services revenue all-time high $25.3B, up 14%
Gross margin expanded to 46.9%
$27B returned to shareholders

Risk Flags

China revenue declined 3% amid macro headwindsRegulatory scrutiny on App Store fees in EU

Frequently Asked Questions

What drove Apple revenue growth?

iPhone 16 Pro demand and Services hitting $25.3B all-time high.

Any risks flagged?

China revenue declined 3% and EU App Store regulation remains a headwind.

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