Apple's research and development expenditures reached an all-time high of $45.77 billion in fiscal year 2026. This figure represents a 32% increase compared to the $34.55 billion spent in fiscal year 2025.
In the fourth quarter of fiscal 2026, Apple allocated $11.73 billion to R&D. This quarterly spending was up 32% from $8.87 billion in the same quarter of the previous year. However, the Q4 spending was nearly identical to Q3 2026, increasing by only $1 million, suggesting a stabilization after an initial jump earlier in the fiscal year.
Former CEO Tim Cook previously stated that Apple was "clearly investing more" in R&D, with spending accelerating faster than the company's overall growth. CFO Kevan Parekh indicated that AI-related investments are contributing to this increased spending, alongside existing product roadmap developments.
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Apple's research and development expenses totaled $45.77 billion in fiscal year 2026, marking a 32% increase from the previous year. This surge in spending, particularly in AI, was noted in the company's Q4 2026 results, though quarterly R&D spending has recently stabilized.