Apple Inc. has announced a record-breaking fiscal first quarter for 2026, reporting revenues of $143.7 billion, a 16% increase from the previous year. This performance surpasses market expectations, which had anticipated earnings per share (EPS) of $2.68 on revenues of $138.4 billion. Apple’s actual EPS stood at $2.84, with a net profit of $42.09 billion.
Breakdown of Q1 2026 Financials:
– Total Revenue: $143.7 billion
– Net Profit: $42.09 billion
– Earnings Per Share (EPS): $2.84
– iPhone Revenue: $85.27 billion
– Mac Revenue: $8.39 billion
– iPad Revenue: $8.50 billion
– Wearables, Home, and Accessories Revenue: $11.49 billion
– Services Revenue: $30.01 billion
CEO Tim Cook’s Statement:
Today, Apple is proud to report a remarkable, record-breaking quarter, with revenue of $143.8 billion, up 16 percent from a year ago and well above our expectations. iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world.
CFO Kevan Parekh’s Statement:
During the December quarter, our record business performance and strong margins led to EPS growth of 19 percent, setting a new all-time EPS record. These exceptionally strong results generated nearly $54 billion in operating cash flow, allowing us to return almost $32 billion to shareholders.
Comparative Analysis:
In the same quarter of the previous year (Q1 2025), Apple reported revenues of $124.30 billion, with an EPS of $2.40. The current quarter’s performance reflects significant growth across all major product categories and services.
Product and Service Highlights:
– iPhone: Achieved its highest-ever quarterly revenue, indicating strong consumer demand and successful product launches.
– Services: Recorded a 14% year-over-year increase, reaching $30.01 billion, underscoring the growing importance of Apple’s ecosystem.
– Wearables, Home, and Accessories: Generated $11.49 billion in revenue, reflecting the popularity of products like the Apple Watch and AirPods.
Market Performance:
Apple’s stock (AAPL) has shown resilience and growth, with a current price of $258.28, a market capitalization exceeding $3 trillion, and a price-to-earnings (PE) ratio of 30.28.
Future Outlook:
Apple’s record-breaking Q1 2026 results demonstrate the company’s robust product lineup, expanding services, and strong customer loyalty. With an installed base exceeding 2.5 billion active devices, Apple is well-positioned for sustained growth and innovation in the coming quarters.
