Tech giant posts 16% revenue growth, 19% EPS increase in fiscal Q1 2026
Apple Inc. reported record first-quarter revenue of $143.8 billion on Thursday, driven by unprecedented iPhone demand and robust services growth, surpassing company expectations across all geographic markets.
The technology company's revenue climbed 16 percent from the year-ago quarter, while diluted earnings per share reached $2.84, marking a 19 percent year-over-year increase for the fiscal 2026 first quarter ended Dec. 27, 2025.
iPhone achieved its strongest quarterly performance on record, posting all-time revenue highs across every geographic segment. Services revenue also reached a new peak, advancing 14 percent from the prior-year period.
"iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment," Chief Executive Tim Cook said in a statement. He noted the company's installed base now exceeds 2.5 billion active devices.
The Cupertino-based company generated nearly $54 billion in operating cash flow during the December quarter. Apple returned almost $32 billion to shareholders through dividends and share repurchases.
The technology company's revenue climbed 16 percent from the year-ago quarter, while diluted earnings per share reached $2.84, marking a 19 percent year-over-year increase for the fiscal 2026 first quarter ended Dec. 27, 2025.
iPhone achieved its strongest quarterly performance on record, posting all-time revenue highs across every geographic segment. Services revenue also reached a new peak, advancing 14 percent from the prior-year period.
"iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment," Chief Executive Tim Cook said in a statement. He noted the company's installed base now exceeds 2.5 billion active devices.
The Cupertino-based company generated nearly $54 billion in operating cash flow during the December quarter. Apple returned almost $32 billion to shareholders through dividends and share repurchases.
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Chief Financial Officer Kevan Parekh attributed the record earnings per share to strong business performance and robust margins. "These exceptionally strong results generated nearly $54 billion in operating cash flow, allowing us to return almost $32 billion to shareholders," Parekh stated.
Apple's board declared a cash dividend of $0.26 per share, payable Feb. 12, 2026, to shareholders of record as of Feb. 9, 2026.
The results significantly exceeded the company's own projections, with Cook describing them as "well above our expectations." The performance underscores sustained consumer demand for Apple's hardware and digital services ecosystem despite broader economic uncertainties.
With more than 150,000 employees globally, Apple operates across six software platforms, iOS, iPadOS, macOS, watchOS, visionOS, and tvOS, delivering integrated experiences across its device portfolio including iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro.
The company scheduled a financial results conference call for 2:00 p.m. PT on Jan. 29, 2026, with live streaming available through its investor relations website.
Chief Financial Officer Kevan Parekh attributed the record earnings per share to strong business performance and robust margins. "These exceptionally strong results generated nearly $54 billion in operating cash flow, allowing us to return almost $32 billion to shareholders," Parekh stated.
Apple's board declared a cash dividend of $0.26 per share, payable Feb. 12, 2026, to shareholders of record as of Feb. 9, 2026.
The results significantly exceeded the company's own projections, with Cook describing them as "well above our expectations." The performance underscores sustained consumer demand for Apple's hardware and digital services ecosystem despite broader economic uncertainties.
With more than 150,000 employees globally, Apple operates across six software platforms, iOS, iPadOS, macOS, watchOS, visionOS, and tvOS, delivering integrated experiences across its device portfolio including iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro.
The company scheduled a financial results conference call for 2:00 p.m. PT on Jan. 29, 2026, with live streaming available through its investor relations website.
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