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.
Total net sales reached $143.8 billion, up 16 percent year over year, setting a new all-time record.
positiveDiluted earnings per share was $2.84, up 19 percent year over year, also a new all-time record.
positiveiPhone revenue reached an all-time record, driven by unprecedented demand across all geographic segments.
positiveServices revenue achieved an all-time record, up 14 percent year over year.
positiveInstalled base of active devices now exceeds 2.5 billion.
positiveMac revenue decreased to $8.39 billion from $8.99 billion in the prior year's quarter.
attentionWearables, Home and Accessories revenue slightly decreased to $11.49 billion from $11.75 billion in the prior year's quarter.
attentionInventories increased to $5.875 billion from $5.718 billion in the prior quarter, a sequential increase.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| 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.
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 provide insight into business drivers and customer engagement beyond traditional financial measures.