Ing. Calogero Bono
On November 2 Apple presents its fiscal fourth quarter 2026 results, and for the first time John Ternus will lead the analyst conference as CEO. CFO Kevan Parekh will join him. The call starts at 2 p.m. Pacific, which is 11 p.m. in Italy. It matters because the numbers arrive during a memory shortage and rising component costs, just ahead of the holiday season.
A few terms before we get into the facts. Fiscal quarter is the accounting period Apple uses for its books, and it does not match the calendar quarter. Earnings call is the conference where executives comment on the results and answer analysts. Guidance is the revenue forecast the company gives for the next period. Supply constraints are the difficulties in producing or sourcing enough components to meet demand.
What time is Apple's call and how do you follow it?
According to MacRumors, the conference starts at 2 p.m. Pacific Time, 5 p.m. Eastern Time. It will last about an hour. Ternus and Parekh will read prepared remarks and then answer questions from analysts.
The call is aimed at shareholders and Wall Street analysts, but anyone can listen for free live on Apple's Investor Relations website, without registration. 9to5Mac confirms this too. If you miss it, the official Apple page will make the recording available during the day.
Why is it Ternus' first time?
According to 9to5Mac, Ternus took over from Tim Cook in September. This is therefore his first quarterly report as CEO, and the first holiday period under his leadership.
The outlet expects the conversation to revolve around how Apple handled another quarter of memory shortages and rising component costs. Hardware price increases are also on the table. These are expectations, not facts confirmed by the company.
What numbers are expected?
On the previous call Apple had guided to revenue growth of between 9% and 11% year over year, despite far heavier supply constraints on iPhone, Mac and iPad. If that forecast holds, 9to5Mac calculates revenue between 111.69 and 113.74 billion dollars.
The results will include only a few days of sales of the iPhone 18 Pro and iPhone 18 Pro Max, released on September 18. For the rest of the quarter, according to MacRumors, performance rested on the M6 Mac Mini and M5 Pro, Mac Studio, Apple Watch Series 12 and Ultra 4, AirPods 5 and accessories.
What are analysts interested in for the current quarter?
Analysts will focus mainly on the outlook for the current quarter. According to 9to5Mac this includes the launch of iPhone Duo, the new touchscreen MacBook Pro and the HomeView home hub.
On iPhone Duo, MacRumors notes that orders started on October 16, so the period just closed contains no revenue from it. We have already covered stock, screens that break and T-Mobile discounts, and the news about the MacBook Pro with PROLED XDR and Touch. On the home front, there is the rumor of HomeView as a security camera.
Limits to know
At the time of writing the results are not yet known. The revenue figures are a projection by 9to5Mac based on the previous guidance, not an Apple figure. We do not know whether there will be announcements on prices or component shortages, nor how iPhone 18 Pro sales will go. Everything can change after the call.
What changes for those working in digital
For those working in digital, the call is a practical indicator. If Apple confirms memory shortages and price increases, hardware costs for studios, developers and companies could rise and delivery times could lengthen. It is worth considering Mac and iPad purchases ahead of time, and keeping in mind that new models are on the way, such as the three iPads expected in 2027 according to Gurman. Developers should also follow guidance on new devices, since screen layouts and the tests to run will change.
Our take
Apple's quarterly reports are often a predictable ritual, this one less so. The change at the top and the cost pressure make the interesting part not so much the revenue number as the tone Ternus takes on pricing and supply. It should be said that much of what is circulating is press expectation, not certainty. The real test will be whether Apple clearly explains how it intends to protect margins without passing everything on to customers.
Frequently asked questions
What time does Apple's call start in Italy?
At 11 p.m. Italian time, based on the 2 p.m. Pacific time given by the sources (the time conversion is ours). It lasts about an hour and starts after the stock market closes.
Can I listen to the call without registering?
Yes. According to MacRumors it is free and requires no registration. Just open Apple's Investor Relations website.
Who will speak during the conference?
CEO John Ternus and CFO Kevan Parekh. They will first read prepared remarks, then answer analysts' questions.
Does iPhone Duo count in this quarter's results?
No. It was announced during the quarter, but orders began on October 16. According to MacRumors it therefore includes no revenue.
Can I watch the call later?
Yes. Apple plans to post a recording on the same page during the day, and it remains available for replay.
What to watch after Ternus' call
The quarterly report is only the first signal. In the coming months, pricing, availability and holiday-season launches matter most.
- Check whether Apple confirms or denies the memory shortage, since it affects delivery times.
- Follow how iPhone Duo and the new MacBook Pro perform in the first weeks of sales.
- Replay the recording for Ternus' remarks on the quarter's outlook.
