AAPL · 8-K · 20261102PR000024

Working Capital Changes

Apple Inc. · 2026-11-02 · Importance 63 · Surprise 64 · From source text

Inventory rose to $14.541 billion at September 26, 2026, from $5.718 billion a year earlier, an increase of about 154%. Fiscal-year cash flows reflected an $8.905 billion use from inventory, compared with a $1.400 billion source in fiscal 2025. Accounts receivable increased to $43.817 billion from $39.777 billion, while vendor non-trade receivables rose to $39.896 billion from $33.180 billion.

Key facts

• Apple's inventory was $14.541 billion as of September 26, 2026, compared with $5.718 billion as of September 27, 2025. source
• Apple's total current assets were $173.857 billion and total current liabilities were $169.915 billion as of September 26, 2026. source
• Apple's fiscal 2026 cash flows included a $12.171 billion source of cash from accounts payable and a $13.703 billion source from other current and non-current liabilities. source
• Apple's fiscal 2026 cash flows included an $8.905 billion use of cash from changes in inventories. source
• Apple's fiscal 2026 cash flows included a $3.994 billion use of cash from accounts receivable and a $6.716 billion use from vendor non-trade receivables. source

Impact estimates