Apple Posts Stronger-than-Expected Q4 Revenue in First Earnings Report for New CEO John Ternus
Strong iPhone 18 Pro demand and higher prices helped Apple top Wall Street estimates as Services hit a record, company said.
- On Monday, Apple reported record September-quarter revenue of $114.5 billion, up 12% year-over-year and surpassing Wall Street estimates of $113.46 billion.
- Apple CEO John Ternus, who took over from Tim Cook on September 1, oversaw the quarter while launching the iPhone Duo and first touchscreen MacBook Pro.
- Net profit reached $30.7 billion, with diluted EPS of $2.10 per share. Operating cash flow totaled $28 billion, which the company returned entirely to shareholders.
- Tariff refunds provided a one-time boost, with Apple CFO Kevan Parekh noting they contributed about 1 percentage point to gross margin and $0.05 to diluted EPS.
- Investors are monitoring December-quarter guidance as the company enters the holiday season with the iPhone 18 Pro, Apple HomeView, and touchscreen MacBook Pro, while non-Pro models arrive early next year.
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Apple posts stronger-than-expected Q4 revenue in first earnings report for new CEO John Ternus
Apple Inc. posted stronger-than-expected revenue in the fiscal fourth quarter, giving new CEO John Ternus a positive start to his tenure that began in September. The company earned $30.71 billion, or $2.10 per share, in the July-September period. That’s up 12% from $27.47 billion, or $1.85 per share, in the same period a year earlier. Revenue rose 12% to $114.5 billion from $102.5 billion. Analysts, on average, were expecting earnings of $1.99 p…
The company announced that it achieved a revenue record in the fourth quarter of the fiscal year thanks to iPhone sales and service revenue.
Apple surpasses estimates of analysts in the 4th quarter tax driven by sales of iPhone 18 Pro and high product prices.
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