At a Glance · AI-generated

Apple posted record fourth-quarter revenue of $114.5 billion in fiscal 2026, beating Wall Street expectations despite headwinds in China and iPad sales. Under new CEO John Ternus, the company saw strong iPhone and Mac sales drive a 12 percent year-over-year revenue increase and 12 percent profit growth, with net income reaching $30.7 billion. While Apple stock initially rose after-hours following the November 2 earnings announcement, it later fell nearly 3 percent as investors absorbed softer guidance in certain product categories. Ternus faced criticism the following day over his scripted approach during the earnings call, his first as CEO.