Apple Reports Record-Setting 1Q 2026 Results: $42.1B Profit on $143.8B Revenue

[MacRumors]

Apple today announced financial results for the first fiscal quarter of 2026, which corresponds to the fourth calendar quarter of 2025.

For the quarter, Apple posted revenue of $143.8 billion and net quarterly profit of $42.1 billion, or $2.84 per diluted share, compared to revenue of $124.3 billion and net quarterly profit of $36.3 billion, or $2.40 per diluted share, in the year-ago quarter.

Apple set all-time records during the quarter for total revenue, earnings per share, iPhone revenue, and services revenue. Total revenue was up 16 percent year-over-year, while earnings per share rose by 19 percent.

Gross margin for the quarter was 48.2 percent, compared to 46.9 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.26 per share, payable on February 12 to shareholders of record as of February 9.

"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, Apple's CEO. "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, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world."

For the current quarter ending in March, Apple is projecting year-over-year revenue growth of 13% to 16% and gross margin between 48% and 49%.

Apple will provide live streaming of its fiscal Q1 2026 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call recap ahead...

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Article Link: Apple Reports Record-Setting 1Q 2026 Results: $42.1B Profit on $143.8B Revenue

 

[abatabia]

That iPhone 17 is a compelling base model. I absolutely love mine. Well done Apple.

 

[thefredelement]

See, no one cares about AI, don't force it.

 

[2low_tech]

My IRA thanks you apple team.

 

[nfl46]

But Tim Cook…

He may be retiring soon but damn, he left Apple in damnnnnnnnn great shape! Impressive work!

 

[neuropsychguy]

Those margins are high but not close to Microsoft's (nearly 70%). As long as service margins help keep hardware prices down, I'm all for their growth. The iPhone growth was very impressive though.

 

[ghanwani]

Impressive financial engineering, isn't it? It's amazing what a weaker dollar can do.

 

[rp2011]

doomed as always.
When are they going to get their act together?

 

[hasanahmad]

Queue the "Tim Cook should be fired" folks crying and thank you to the ones who dumped Apple stocks angry over Tim Cook's MATURE letter to his employees. Your Sacrifice was good for my bottom line

 

[ShivneelSingh]

They still sell iPods?? Where??

 

[justanotherdave]

Winning.

Some perspective: iPhone revenue by itself was $3 billion higher than Samsung. ALL of Samsung, not just their mobile division.

 

[DocMultimedia]

Rather weak after hours considering how they crushed the estimates. We'll see how it goes when Tim starts talking. AI this, AI that...

 

[chmania]

For the quarter, Apple posted revenue of $143.8 billion and net quarterly profit of $42.1 billion

In other words, the users are terrible fools...

 

[TVreporter]

Apple is do… dominating!

I got a new 17…you’re welcome Tim!

 

[Hyperia]

I imagine people are finally upgrading after holding onto their phone bought in 2020-2021 with the stimulus money/savings during lockdown.

 

[Love-hate 🍏 relationship]

Is there still no sales report for iPhone 17 per model and color?

 

[fathergll]

Cook just mentioning the new Creator app suite on the call. This is what I said a couple weeks ago. They used to use cheap apps with no subscription sell expensive Mac hardware but the segment is stagnate so they are now pushing the growing Services segment by adding in the subscriptions with tons of cheap Mac hardware options to get into user hands.

 

[idrewuk]

Gurman must be crying into his coffee, after all he is always so adamant that  is making endless wrong moves and lagging behind in AI. lol!

 

[Evagoras2001]

Apple can keep giving incremental updates to their devices until the tech gets cheaper. Hence, why they are able to pull off such margins.

 

[kalsta]

MacRumors, you forgot the picture this time…

 

[AAPLbuyback]

INSANE company.

 

[mukiex]

They still sell iPods?? Where??

Oh no, I'm sad and just now realizing I probably ALSO thought that the orange portion was iPod Net Sales and not just Services.

 

[^^BIGMac]

Those margins are high but not close to Microsoft's (nearly 70%). As long as service margins help keep hardware prices down, I'm all for their growth. The iPhone growth was very impressive though.

M$ was down 50 bucks today. Oh my.

 

[sdf]

Queue the "Tim Cook should be fired" folks crying and thank you to the ones who dumped Apple stocks angry over Tim Cook's MATURE letter to his employees. Your Sacrifice was good for my bottom line

There are metrics other than profit that matter, but not to everyone.

Personally, I think they'll keep Tim Cook until the other situations resolve. Then he'll resign. He's sort of a dead man walking because of what he's done (whether he had to do it or not is up for debate, and not what I'm interested in right now). There's no need to sacrifice a new person to it as well.

Congratulations (seriously) on pulling a profit from all of this.

 

[fathergll]

Rather weak after hours considering how they crushed the estimates. We'll see how it goes when Tim starts talking. AI this, AI that...

Not too surprised. $260 is the highest volume since the start of the year. It has to churn through all the sell orders . They have a lot of larger buy orders waiting above so this could go once the selling is done.