Quarter Overview
Apple announced its fiscal first quarter 2026 results, delivering $143.756 billion in revenue – a 16% year‑over‑year increase and above the $138.40 billion consensus estimate.
Revenue Breakdown
The company’s revenue came from two primary segments:
- Products: $113.743 billion (16% YoY growth)
- Services: $30.013 billion (14% YoY growth)
Earnings Per Share
Adjusted EPS was $2.84, outpacing the $2.68 forecast.
iPhone Performance
iPhone revenue reached $85.269 billion, beating the $78.30 billion estimate. The iPhone installed base now exceeds 2.5 billion devices worldwide.
Services and Other Segments
Apple’s services segment continued its momentum, contributing over $30 billion and growing 14% YoY.
Mac Segment Challenges
Mac sales faced headwinds as the market adjusted to the M4‑based lineup launched the previous year, resulting in slower growth compared with other product categories.
Outlook
Tim Cook’s earlier promise of “the best ever quarter” appears to be materializing, with strong iPhone demand and a robust services ecosystem positioning Apple for continued growth through the remainder of fiscal 2026.