Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus

What happened: Apple reported stronger-than-expected fiscal Q4 revenue in the first earnings report under new CEO John Ternus, whose tenure began in September. Key numbers: EPS $2.10, up 12% from $1.85, including 5 cents per share from tariff refunds. Revenue $114.5 billion, up 12% from $102.5 billion. Why it matters: The results bucked disappointing quarters from Alphabet, Amazon and Intel. Emarketer analyst Jacob Bourne said record iPhone revenue and strong growth in China show resilience, and Apple's tepid AI infrastructure spending helps preserve cash flow. Market: -2.0% today ($338.32), +25.1% YTD, 1.4x vol — as of 23:31 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1 Coverage: 5 outlets in 24h

Apple reported stronger-than-expected fiscal Q4 revenue in the first earnings report under new CEO John Ternus, whose tenure began in September.

The results bucked disappointing quarters from Alphabet, Amazon and Intel. Emarketer analyst Jacob Bourne said record iPhone revenue and strong growth in China show resilience, and Apple's tepid AI infrastructure spending helps preserve cash flow. Market: -2.0% today ($338.32), +25.1% YTD, 1.4x vol — as of 23:31 UTC Verified: Q3_2026 (Nov 2) EPS $2.10 vs $1.98 est, +6.0% beat; next print ~Feb 1