Apple Sets $144B Revenue Record Thanks to iPhone
Business
Apple reported record revenue and profit for Q1 of fiscal 2026, which ended December 27, 2025, surpassing analysts’ expectations. Quarterly revenue rose 16% to a record $143.76 billion, with net income up nearly 16% to $42.1 billion. Adjusted earnings per share reached $2.84, exceeding analysts’ estimates of $138.48 billion and $2.67 per share.
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CEO Tim Cook highlighted “unprecedented demand” for iPhones, with iPhone revenue at $85.27 billion, up 23% year over year and well above forecasts of $78.65 billion. Growth in China exceeded expectations after a previous decline in sales.
Mac sales fell 7% to $8.39 billion, while iPad revenue rose 6% to $8.6 billion. Revenue from wearables and accessories, including AirPods, Apple Watch, and Vision Pro, declined 2% to $11.49 billion. Apple’s services, including Apple TV, iCloud, and AppleCare, increased 14% to $30.01 billion.
Cook warned analysts of a “greater impact” from rising memory costs on future financial results and highlighted supply chain constraints for iPhone processors and AirPods Pro 3. These concerns pressured Apple shares, which fell 0.4% in premarket trading.
For Q2, Apple expects revenue growth of 13–16%, above analysts’ consensus of 10%.
Mac sales fell 7% to $8.39 billion, while iPad revenue rose 6% to $8.6 billion. Revenue from wearables and accessories, including AirPods, Apple Watch, and Vision Pro, declined 2% to $11.49 billion. Apple’s services, including Apple TV, iCloud, and AppleCare, increased 14% to $30.01 billion.
Cook warned analysts of a “greater impact” from rising memory costs on future financial results and highlighted supply chain constraints for iPhone processors and AirPods Pro 3. These concerns pressured Apple shares, which fell 0.4% in premarket trading.
For Q2, Apple expects revenue growth of 13–16%, above analysts’ consensus of 10%.
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