Apple Forecasts Lower December-Quarter Gross Margin After Record Revenue

Apple posted record September-quarter revenue of $114.477 billion but forecast a lower gross margin for the December quarter as memory and Siri AI costs weigh on its outlook. Apple's fiscal 2026 fourth quarter covered the three months ended Sept. 26. Revenue reached $114.477 billion, up 11.7% from a year earlier, while diluted earnings per share rose 14% to $2.10. Net income totaled $30.711 billion, and gross margin was 47.9%. Tariff refunds contributed about 1 percentage point to gross margin and $0.05 to diluted earnings per share.

Source: TokenPost