Earnings call briefFiscal fourth-quarter 2026
Apple expects 7% to 10% December-quarter revenue growth if tariffs hold
Apple also expects gross margin of 45% to 46%, mainly reflecting higher memory costs, on the same tariff and economic assumptions.
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Apple said on its fiscal fourth-quarter call it expects December-quarter revenue to grow 7% to 10% year over year, reflecting its view of constrained supply.
Apple said the outlook assumes global tariff rates, policies and their application remain in effect as of the call and the global macroeconomic outlook does not worsen from that date.
Quotes from the call
“We expect our December quarter total company revenue to grow between 7% and 10% year-over-year, which reflects our best view of constrained supply.”
“We expect gross margin to be between 45% and 46%.”
Key facts from the call
- December-quarter revenue growth outlook
- 7% to 10% year over year
- December-quarter services revenue growth outlook
- 8% to 9% year over year
- December-quarter gross margin outlook
- 45% to 46%
- December-quarter operating expenses outlook
- $20.4 billion to $20.8 billion
Source: Apple's fiscal fourth-quarter 2026 earnings call, November 2, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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