What to expect from Apple's Q4 2026 results on November 2

Apple is set to release its fourth-quarter financial results on November 2, 2026, marking the first quarter under CEO John Ternus. The company will provide a conference call at 5 p.m. EDT, with CEO John Ternus and CFO Kevan Parekh discussing the figures. Analysts expect Apple to report a year-over-year growth of 9% to 11% in revenue, lower than the 12.1% growth forecasted earlier.

Analysts anticipate a mid-teens percentage growth in iPhone sales, with Services growth remaining stable. However, supply chain challenges may cause demand to outpace supply, leading to concerns over iPhone availability. The memory crisis is also expected to impact revenue, as Apple may have to raise prices across its product line.

Apple's Q3 2026 results, released on July 30, 2026, were record-breaking, with revenue of $109.4 billion, up 16% year-over-year. The strong performance was driven by iPhone revenue of $54.25 billion, up 21.7%, and Mac revenue of $10.35 billion, up 28.7%. However, iPad revenue fell 5.9% year-over-year to $6.19 billion. Services revenue continued to grow at 12.7%, reaching $30.73 billion.

Comparing Q4 2026 to Q4 2025, analysts will be looking for growth trends and potential challenges. The per-product basis will provide insights into the performance of individual product categories, while the Services segment will be closely monitored for growth. Analyst forecasts for Q4 2026 vary, with some predicting strong growth and others warning of supply chain and pricing headwinds.