Apple's fiscal Q4 2026 Services revenue, due November 2 alongside earnings, will reflect the segment's recurring base of over 2.5 billion active devices. In the prior June quarter, Services reached a record $30.74 billion, up 12% year over year at roughly 76% gross margins, driven by the App Store, advertising, iCloud, and subscriptions. Management guided Q4 growth to remain largely similar after a 2.5 percentage point foreign-exchange headwind, while noting ongoing App Store regulatory pressures and limited near-term monetization from Apple Intelligence features. Traders will weigh the large installed base and high-margin stability against FX effects and any commentary on advertising or cloud trends during the first earnings call with new CEO John Ternus.