AAPLApple Inc.

Technology · Computer Hardware · Nasdaq

The Company designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. 10-K, Item 1

Employees: 167,000
Headquarters: Cupertino, CA
CEO: John Ternus
Next results: around Jan 28, 2027

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RevenueFY2017–26 $478.8B+15.1% Highest in 10 years 10-K FY2026 · XBRL Net incomeFY2017–26 $132.2B+18.0% Highest in 10 years 10-K FY2026 · XBRL Free cash flowFY2017–26 $136.1B+37.8% Highest in 10 years 10-K FY2026 · XBRL Operating marginFY2017–26 33.0%+1.0 pts 26.8% in FY2017 10-K FY2026 · XBRL

What changed

10-K filed Nov 3, 2026 against Oct 31, 2025

Area	What changed	Source
Risk factors	13 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Inventory growing faster than revenue	Inventory +154.3% vs revenue +15.1% (+139.2 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Nov 3, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-10-31. Quoted as filed.

The Company competes with a number of companies in the development and deployment of artificial intelligence and has made significant investments in building artificial intelligence features and related infrastructure across its products and services. Failure to successfully develop, deploy or differentiate artificial intelligence…
10-K, Item 1A

All 13 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Inventory growing faster than revenueInventory +154.3% vs revenue +15.1% (+139.2 pts)
✓
Receivables +10.2% vs revenue +15.1% (-4.9 pts)
✓
Cash from operations $145.1B vs net income $132.2B (FY ending 2026-09-26)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Uncertain Tax Positions
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

New risks 13 new paragraphs in Risk Factors in the new 10-K

Nov 9, 20268-K Other events 8-K item 8.01
Nov 3, 202610-K Annual report (10-K) period ended Sep 26, 2026
Nov 2, 20268-K Quarterly results 8-K item 2.02

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Work on AAPL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AAPL/export.csv") into a cell.