AAPL · News · 20261103N

Operating Expense Trends

Apple Inc. · 2026-11-03 · Importance 53 · Surprise 48

Fiscal Q4 2026 operating expenses were $19.2 billion, up 21% year over year. The reported driver was continued research and development investment. Third-party coverage also identified Siri AI rollout expenses as a factor expected to weigh on December-quarter profitability.