Apple's fiscal Q4 2026 results, released November 2, showed record $114.5 billion revenue and $2.10 EPS, driven by 17% iPhone growth to $57.6 billion and an all-time high in Services. Fiscal year revenue reached $478.8 billion with double-digit EPS gains. Shares traded near $344 with a $5 trillion market cap after touching a $355.38 all-time high, though initial reaction to December-quarter guidance of 7-10% revenue growth and 45-46% gross margins reflected pressure from rising memory costs and AI-related expenses. Supply constraints and currency headwinds temper the holiday outlook, while the installed base and new product cycles including the iPhone Duo provide support.