Apple Inc. (AAPL) Earnings History

Apple Inc. - Q1 2026 EarningsBeat

Filed at: Jan 29, 2026, 4:30 PM EST|Read from source

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

  • Total net sales reached $143.8 billion, up 16 percent year over year, setting a new all-time record.

    positive
  • Diluted earnings per share was $2.84, up 19 percent year over year, also a new all-time record.

    positive
  • iPhone revenue reached an all-time record, driven by unprecedented demand across all geographic segments.

    positive
  • Services revenue achieved an all-time record, up 14 percent year over year.

    positive
  • Installed base of active devices now exceeds 2.5 billion.

    positive

CONCERNS & RISKS

  • Mac revenue decreased to $8.39 billion from $8.99 billion in the prior year's quarter.

    attention
  • Wearables, Home and Accessories revenue slightly decreased to $11.49 billion from $11.75 billion in the prior year's quarter.

    attention
  • Inventories increased to $5.875 billion from $5.718 billion in the prior quarter, a sequential increase.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$143.76B
N/A
Net Income
Quarterly
$42.10B
+15.9%
Prior year: $36.33B
EPS (Diluted)
Quarterly
$2.84
+18.3%
Prior year: $2.40
Operating Income
Quarterly
$50.85B
N/A
EPS (Basic)
Quarterly
$2.85
+18.3%
Prior year: $2.41

MARGIN ANALYSIS

Gross Margin
Current Quarter
48.2%
Prior Year
46.9%
YoY Change
+128 bps
Operating Margin
Current Quarter
35.4%
Prior Year
34.5%
YoY Change
+91 bps
Net Margin
Current Quarter
29.3%
Prior Year
29.2%
YoY Change
+5 bps

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

|
Americas
0.0%
N/A
Europe
0.0%
N/A
Greater China
0.0%
N/A
Japan
0.0%
N/A
Rest of Asia Pacific
0.0%
N/A
iPhone
0.0%
N/A
Mac
0.0%
N/A
iPad
0.0%
N/A
Wearables, Home and Accessories
0.0%
N/A
Services
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% 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$0.00M100.0%

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.

Apple Inc., Q1 2026 2026 Earnings Call

iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment.

Apple Inc., Q1 2026 2026 Earnings Call

Services also achieved an all-time revenue record, up 14 percent from a year ago.

Apple Inc., Q1 2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Installed Base Devices
2500.0M
devices

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.