Apple Inc. has reported a record-breaking fiscal first quarter for 2026, achieving unprecedented revenue and earnings per share (EPS). The company’s robust performance was primarily driven by exceptional iPhone sales and significant growth in its Services segment.
Financial Highlights
For the quarter ending December 27, 2025, Apple reported:
– Revenue: $143.8 billion, marking a 16% increase from the same period last year.
– Net Income: $42.1 billion, up from $36.3 billion in the previous year.
– Diluted EPS: $2.84, representing a 19% year-over-year growth.
These figures surpassed market expectations, with analysts anticipating revenue of $138.4 billion and EPS of $2.68. ([9to5mac.com](https://9to5mac.com/2026/01/29/apple-reports-record-breaking-q1-2026-earnings-apple-reports-record-breaking-q1-2026-earnings-143-7-billion-in-revenue-up-16xx-billion-in-revenue-up-xx/?extended-comments=1&utm_source=openai))
Product and Services Performance
Apple’s product and services segments demonstrated strong performance:
– iPhone: Revenue reached $85.27 billion, a 23.3% increase year-over-year, driven by the popularity of the iPhone 17 series. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
– Services: Achieved an all-time high revenue of $30.01 billion, up 14% from the previous year, with growth across cloud, payments, music, and video services. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
– iPad: Revenue increased by 6% to $8.6 billion, supported by new M5 and A16 models. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
– Mac: Revenue declined by 6.7% to $8.39 billion, despite the introduction of M5-powered models. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
– Wearables, Home, and Accessories: Revenue slightly decreased to $11.49 billion. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
Regional Performance
Apple experienced growth across all geographic segments:
– Americas: $58.53 billion, up 11.2% year-over-year.
– Europe: $38.15 billion, a 12.7% increase.
– Greater China: $25.53 billion, a significant 38% rise, indicating a strong rebound in the region. ([zacks.com](https://www.zacks.com/stock/news/2825938/apple-q1-earnings-beat-estimates-iphone-drives-top-line-growth?utm_source=openai))
– Japan: $9.41 billion, up 4.7%.
– Rest of Asia Pacific: $12.14 billion, an 18% increase.
CEO and CFO Statements
CEO Tim Cook expressed pride in the company’s performance, stating, 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. ([apple.com](https://www.apple.com/newsroom/2026/01/apple-reports-first-quarter-results/?utm_source=openai))
CFO Kevan Parekh highlighted the financial strength, noting, 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. ([apple.com](https://www.apple.com/newsroom/2026/01/apple-reports-first-quarter-results/?utm_source=openai))
Market Reaction and Stock Performance
Following the earnings announcement, Apple’s stock experienced volatility. Initially, shares rose approximately 3.5% in after-hours trading but later settled to a 0.8% increase. Analysts attributed this fluctuation to concerns over supply constraints and margin pressures, particularly related to rising memory costs. ([apple.com](https://www.apple.com/newsroom/2026/01/apple-reports-first-quarter-results/?utm_source=openai))
JP Morgan responded to the earnings report by raising Apple’s stock price target to $325, reflecting confidence in the company’s continued growth trajectory. ([9to5mac.com](https://9to5mac.com/2026/01/30/jp-morgan-reviews-apples-stock-price-target-following-q1-2026-earnings/?utm_source=openai))
Future Outlook
Apple provided guidance for the upcoming quarter, forecasting revenue growth of 13% to 16% and gross margins between 48% and 49%. However, the company acknowledged potential challenges, including supply constraints and rising component costs, which could impact future performance. ([apple.com](https://www.apple.com/newsroom/2026/01/apple-reports-first-quarter-results/?utm_source=openai))
In the realm of artificial intelligence, Apple announced a collaboration with Google to integrate the Gemini AI model into iOS, signaling a strategic push into AI technologies. ([tomsguide.com](https://www.tomsguide.com/news/live/apple-q1-earnings-call-results-live-2026?utm_source=openai))
Conclusion
Apple’s fiscal Q1 2026 results underscore the company’s resilience and ability to drive growth across its product and service offerings. While challenges such as supply constraints and rising costs loom, Apple’s strategic initiatives and strong market presence position it well for future success.
Twitter Post
Apple reports record-breaking Q1 2026: $143.8B revenue (+16% YoY), $2.84 EPS (+19%). iPhone 17 drives $85.27B sales. Services hit $30B. #AppleEarnings #iPhone17 #TechNews
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