Abstract created by Sensible Solutions AI
In abstract:
- Apple achieved report Q1 2026 income of $143.8 billion with iPhone gross sales hitting an all-time excessive of $85 billion, in line with Macworld.
- Providers income grew 15% to $30 billion, turning into Apple’s second-largest income generator alongside 2.5 billion energetic gadgets globally.
- Regardless of Mac gross sales declining 7%, Apple expects continued progress with 13-16% income enhance projected for Q2 2026.
Apple held its first quarter 2026 monetary outcomes on Thursday, and the corporate posted income of $143.8 billion, a 16 % year-over-year enhance, and quarterly diluted earnings per share of $2.84, up 19 %, with $42 billion in revenue. Apple’s earlier all-time report quarter was precisely a yr in the past.
Analysts had projected Apple’s income at $138.48 billion, with an earnings per share of $2.67, so this was a considerable beat. Apple’s board of administrators has declared a money dividend of $0.26 per share. The dividend is payable on February 12, 2026, to shareholders of report as of the shut of enterprise on February 9, 2026.
The iPhone had its finest quarter ever, with $85 billion, beating the earlier report of $71.6 billion set within the first quarter of 2022. “iPhone had its best-ever quarter pushed by unprecedented demand, with all-time information throughout each geographic section,” mentioned CEO Tim Cook dinner in a press launch. Throughout a convention name with traders, Cook dinner famous that the corporate noticed double-digit progress with customers switching over to iPhone.
Mac gross sales had been down 7 % year-over-year, which isn’t shocking since Apple launched just one new Mac for the quarter, the M5 MacBook Professional, versus 5 new fashions final yr. Nonetheless, Cook dinner said that the Mac has its largest put in base ever, and on this previous quarter, practically half of those that purchased a Mac had been switching from one other platform.
Providers had a report quarter with a rise of 15 %, and has firmly established itself as Apple’s second-largest income generator. “Apple TV has seen incredible momentum, with December seeing a 36 % enhance in viewership over the earlier yr,” mentioned Cook dinner, who additionally mentioned that “Apple Music climbed to all-time highs in each listenership and new subscriber progress.”
The iPad noticed a rise of 8 %, whereas Providers had one other nice quarter with a rise of 15 %. Apple’s gross sales for Wearables, Dwelling, and Equipment noticed a slight 2 % lower.
Apple said that the corporate now has 2.5 billion activated gadgets, a brand new report.
How the quarter ended year-over-year for Apple:
- iPhone: $85 billion (up from $69 billion)
- iPad: $8.6 billion (up from $8 billion)
- Mac: $8.3 billion (down from $8.9 billion)
- Wearables, Dwelling, and Equipment: $11.5 billion (down from $11.7 billion)
- Providers: $30 billion (up from $26 billion)
The RAM worth will increase that the market has been experiencing didn’t have an effect on Apple for the primary quarter, Cook dinner famous throughout a convention name for traders. Nonetheless, he mentioned Apple is now “in a provide chase mode,” and is experiencing provide constraints like the remainder of the trade.
Regardless of these provide chain points, nevertheless, Apple expects its second-quarter 2026 complete firm income to develop by 13 to 16 % year-over-year–in Q2 2025, Apple reported income of $95.4 billion. Apple’s estimates embrace concerns for “constrained iPhone provide in the course of the quarter,” mentioned CFO Kevan Parekh. Apple additionally expects Providers income to proceed to develop on the price skilled within the first quarter, so roughly 10-15 %.
