Danny Weber
18:23 30-01-2026
© A. Krivonosov
Apple achieved record Q1 2026 results with $143.8B revenue, 16% growth. iPhone sales hit $85B record, services grew 15%. Strong outlook for continued expansion.
Apple has wrapped up the first quarter of its 2026 fiscal year with record-breaking results, marking the best quarter in the company's history. Revenue hit $143.8 billion, a 16% increase from the previous year, while profit came in at around $42 billion. Diluted earnings per share rose by 19% to $2.84, significantly outpacing analyst expectations, which had projected revenue near $138.5 billion.
The iPhone was the primary driver of this success, delivering its strongest quarter ever since the lineup's inception. Smartphone sales brought in $85 billion for Apple, surpassing the previous record of $71.6 billion set back in 2022. Tim Cook noted that demand was unprecedented across all global regions, with the company seeing double-digit growth in users switching to iPhone from other platforms.
Not all segments performed equally well: Mac sales dropped by 7%, a decline attributed to fewer new models in the quarter. However, Apple reported the largest installed base of Macs in history, and nearly half of buyers switched to the company's computers from competing systems. In contrast, iPad sales grew by 8%, while the wearables and accessories category saw a slight dip of 2%.
The services segment once again fueled strong growth, generating $30 billion and expanding by 15%, solidifying its role as Apple's second most significant revenue stream. The company highlighted a sharp rise for Apple TV, with viewership up 36% in December, while Apple Music reached historic highs in audience and new subscriber numbers. Overall, Apple's active device base now stands at 2.5 billion—a new absolute record.
Although rising memory prices haven't yet impacted Apple, Tim Cook acknowledged supply chain constraints, particularly for the iPhone. Nevertheless, the company expects revenue to continue growing by 13–16% in the second fiscal quarter of 2026, with services maintaining a revenue growth rate of 10–15%, underscoring Apple's confidence in further strengthening its market position.