Apple shares fell nearly 3% in after-hours trading following the release of fiscal Q4 2026 results, despite strong year-over-year growth in revenue and net profit. The company reported a 12% increase in revenue and another 12% increase in net profit, with record revenue from its Services category. iPhone revenue rose 17% and Mac revenue increased 24%, but Wearables, Home, and Accessories declined 8% due to difficult year-over-year comparisons. iPad revenue fell 10% amid supply constraints. During the earnings call, CEO John Ternus, CFO Kevan Parekh, and COO Sabih Khan addressed rising memory costs and hardware pricing.
The outlook for the holiday quarter was mixed, with expectations of highest quarterly revenue ever but slower growth and continued Mac and iPad shortages. After ending the regular session down 1.83%, the stock initially rose but reversed losses during the call, closing after-hours down 2.81% at $328.81.
Source: 9to5Mac · Summarized by HeadlinesBriefing