Quarter Overview
Apple’s fiscal Q1 2026, which ended on December 27 2025, delivered its strongest iPhone quarter ever and a 16 % year‑over‑year revenue increase.
Key Financial Highlights
- Total revenue: $143.8 billion (+16 % YoY)
- Net profit: $42 billion
- iPhone revenue: $85.3 billion (all‑time high)
- Services revenue: $30 billion (+14 % YoY)
- Wearables, Home & Accessories: $11.49 billion (‑2 % YoY)
- Mac revenue: $8.39 billion (‑6 % YoY)
- iPad revenue: $8.5 billion (+6 % YoY)
iPhone 17 Series Driving Growth
The iPhone 17 lineup, launched in September, generated unprecedented demand, pushing iPhone revenue to a record $85.3 billion and contributing significantly to the overall revenue surge.
Services Segment Momentum
Apple’s Services division posted its best quarterly result at $30 billion, reflecting a 14 % increase year over year, driven by subscriptions, App Store, and other digital offerings.
Wearables, Home & Accessories
Revenue in this category slipped 2 % to $11.49 billion, indicating a modest slowdown compared with the previous year.
Mac and iPad Performance
Mac sales declined 6 % to $8.39 billion, while iPad revenue rose 6 % to $8.5 billion, showing a mixed picture across the computer segment.
Device Ecosystem Scale
Apple now reports 2.5 billion active devices worldwide, underscoring the breadth of its ecosystem.
Outlook
Analysts expect the momentum from the iPhone 17 launch to carry into the next fiscal quarter, while the Services segment is poised for continued expansion.
Conclusion
Apple’s Q1 2026 results highlight the power of new product cycles and a growing services business, delivering record revenue and solidifying its position as a market leader.