Apple Inc. (AAPL) Earnings History
Apple Inc. - Q1 2026 EarningsBeat
EXECUTIVE SUMMARY
Apple reported a record-breaking Q1 2026 with significant year-over-year growth in revenue and EPS, driven by exceptional iPhone and Services performance across all geographic segments. The company's expanding installed base and strong operating cash flow underscore its robust market position and operational efficiency.
POSITIVE HIGHLIGHTS
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Total net sales reached $143.8 billion, up 16 percent year over year, setting a new all-time record.
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Diluted earnings per share was $2.84, up 19 percent year over year, also a new all-time record.
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iPhone revenue reached an all-time record, driven by unprecedented demand across all geographic segments.
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Services revenue achieved an all-time record, up 14 percent year over year.
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Installed base of active devices now exceeds 2.5 billion.
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CONCERNS & RISKS
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Mac revenue decreased to $8.39 billion from $8.99 billion in the prior year's quarter.
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Wearables, Home and Accessories revenue slightly decreased to $11.49 billion from $11.75 billion in the prior year's quarter.
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Inventories increased to $5.875 billion from $5.718 billion in the prior quarter, a sequential increase.
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FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q1 2026 2026
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Americas | N/A | — | — | — |
Europe | N/A | — | — | — |
Greater China | N/A | — | — | — |
Japan | N/A | — | — | — |
Rest of Asia Pacific | N/A | — | — | — |
iPhone | N/A | — | — | — |
Mac | N/A | — | — | — |
iPad | N/A | — | — | — |
Wearables, Home and Accessories | N/A | — | — | — |
Services | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
MANAGEMENT COMMENTARY
Apple reported a remarkable, record-breaking quarter with revenue of $143.8 billion, up 16 percent from a year ago and well above expectations.
iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment.
Services also achieved an all-time revenue record, up 14 percent from a year ago.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
OPERATIONAL METRICS
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.