Quarter Overview
Apple posted a historic first quarter for fiscal 2026, delivering $143.8 billion in total revenue and $42.1 billion in net profit, which translates to earnings of $2.84 per diluted share. Both metrics represent significant year‑over‑year growth.
Key Financial Highlights
- Total revenue: $143.8 billion (up 16% YoY)
- Net profit: $42.1 billion (up 16% YoY)
- Earnings per share: $2.84 (up 19% YoY)
- Gross margin: 48.2% (vs. 46.9% in the prior year)
- Quarterly dividend: $0.26 per share, payable Feb 12
Record‑Setting Achievements
Apple set all‑time highs in several categories during the quarter:
- Overall revenue
- Earnings per share
- iPhone revenue – the best quarter ever for the flagship product
- Services revenue – up 14% YoY, also a record
CEO Tim Cook’s Statement
"Today, Apple is proud to report a remarkable, record‑breaking quarter, with revenue of $143.8 billion, up 16 percent from a year ago and well above our expectations," said Tim Cook. "iPhone had its best‑ever quarter driven by unprecedented demand, with all‑time records across every geographic segment, and Services also achieved an all‑time revenue record. Our installed base now exceeds 2.5 billion active devices, a testament to customer satisfaction."
Outlook & Guidance
For the fifth consecutive year, Apple did not provide forward guidance for the quarter ending in March, maintaining its long‑standing policy of withholding forecasts.
Additional Resources
- Live streaming of the Q1 2026 earnings call (2:00 pm PT)
- MacRumors coverage and call highlights
- Comprehensive guide to iOS 26 new features
- Analysis of the four new iPhone models and A17 chip upgrades
- Overview of Apple’s new N1 wireless networking chip