Apple has released its fiscal Q1 2026 earnings report, and the headline numbers came in strong. In its official results announcement, Apple said it posted $143.8 billion in quarterly revenue, up 16% year over year, while diluted earnings per share hit $2.84, up 19%.
If you track Apple Q1 2026 earnings, this quarter covers the company’s fiscal first quarter ended December 27, 2025, which includes the holiday shopping season.
Apple Q1 2026 earnings
Here are the core figures from Apple’s consolidated financial statements:
- Total net sales (revenue): $143.756 billion (vs. $124.300 billion a year ago)
- Net income: $42.097 billion (vs. $36.330 billion a year ago)
- Diluted EPS: $2.84 (vs. $2.40 a year ago)
- Gross margin: $69.231 billion (vs. $58.275 billion a year ago)
- Operating income: $50.852 billion (vs. $42.832 billion a year ago)
Apple also reported $53.925 billion in cash generated by operating activities during the quarter.
Where the money came from
Apple breaks out revenue by category, and iPhone and Services did the heavy lifting this quarter.
Net sales by category (Q1 2026):
- iPhone: $85.269 billion
- Services: $30.013 billion
- Wearables, Home and Accessories: $11.493 billion
- iPad: $8.595 billion
- Mac: $8.386 billion
Apple’s statement also highlighted all time records for total company revenue and EPS, plus new highs for iPhone and Services revenue.
Results by region
If you watch Apple’s regional mix, Greater China stood out.
Net sales by segment (region) (Q1 2026):
- Americas: $58.529 billion
- Europe: $38.146 billion
- Greater China: $25.526 billion
- Japan: $9.413 billion
- Rest of Asia Pacific: $12.142 billion
Cash, buybacks, and the dividend
Apple ended the quarter with $45.317 billion in cash and cash equivalents.
On capital returns, Apple reported $24.701 billion in share repurchases and $3.921 billion in dividend payments and dividend equivalents during the quarter.
Apple also announced a $0.26 per share cash dividend, payable on February 12, 2026, to shareholders of record as of February 9, 2026.
Now that you have the top line Apple Q1 2026 earnings figures, keep your eye on three things in the next cycle.
- Whether iPhone revenue stays elevated after the holiday quarter
- How fast Services keeps growing off a larger base
- How margins hold up as costs and product mix shift quarter to quarter
Apple published these results through its official earnings release and financial statements.
