Apple anticipates December quarter revenue growth of 7%-10% amid supply constraints and higher memory costs

What happened: Apple guided December quarter total company revenue growth of 7% to 10% year over year, with supply constraints and higher memory costs cited as factors. Key numbers: Q4 revenue $114.5 billion, up 12%. December services growth guided at 8% to 9%. Gross margin guided at 45% to 46%. Operating expenses guided at $20.4 billion to $20.8 billion. Why it matters: Management said December could be the best revenue quarter in company history, while the margin guide embeds higher memory costs and Siri AI ramp costs. The CEO called current memory pricing unprecedented. Market: -1.8% today ($338.32), +25.1% YTD, 1.5x vol — as of 00:45 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1

Apple guided December quarter total company revenue growth of 7% to 10% year over year, with supply constraints and higher memory costs cited as factors.

Management said December could be the best revenue quarter in company history, while the margin guide embeds higher memory costs and Siri AI ramp costs. The CEO called current memory pricing unprecedented. Market: -1.8% today ($338.32), +25.1% YTD, 1.5x vol — as of 00:45 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1