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Apple (Q4 Results): strong guidance

Apple delivered largely as expected, and while iPhone sales lagged high expectations, guidance was strong.
Apple - services revenue hits all-time high

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Apple reported an 8% rise in fourth-quarter revenue to $102.5bn (as expected). Growth was broad, with iPhone sales up 6% to $49.0bn ($50.2bn expected), while Mac and iPad also saw modest gains. Services revenue rose 15% to $28.8bn.

Operating profit rose 10% to $32.4bn, and full year free cash flow came in at $98.8bn. Net cash, including longer term securities, stood at $33.8bn.

Apple declared a dividend of $0.26 per share and repurchased $90.7bn of stock during the year.

For the coming quarter, Apple expects revenue growth of 10–12%, with iPhone sales expected to grow by double digits year-over-year, despite ongoing supply constraints. Tariffs remain a headwind of about $1.4bn.

The shares rose 4.3% in after-hours trading.

Our view

HL view to follow.

Apple key facts

All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.

This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.

This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.

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Written by
Matt-Britzman
Matt Britzman
Senior Equity Analyst

Matt is a Senior Equity Analyst on the share research team, providing up-to-date research and analysis on individual companies and wider sectors. He is a CFA Charterholder and also holds the Investment Management Certificate.

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Article history
Published: 31st October 2025