Companies /Technology
Apple Inc.
NASDAQ: AAPL Consumer Electronics
$341.90
▼ $1.57 (−0.46%) today
Markets open · 12:49pm ET

Apple (AAPL) Q1 2026 Earnings

Reported Jan 29, 2026, 4:30pm ET · SEC source
$2.84
Beat +6.34%
EPS · est. $2.67
$143.8B
Beat +3.78%
Revenue · est. $138.5B
+2.2%
Beating market
AAPL vs S&P since report
10 quarters
Consecutive EPS beats

How Did AAPL Stock React to Q1 2026 Earnings?

% change · around the report
−3%−2%−1%0Jan 29Jan 30report 4:30pm ETearnings−0.5%−1.3%
−3%−2%−1%0Jan 29Jan 30earnings−0.5%−1.3%
AAPL −1.3%S&P 500 −0.5%
−3%−2%−1%0Jan 29Jan 30report 4:30pm ETearnings−1.4%−1.3%
−3%−2%−1%0Jan 29Jan 30earnings−1.4%−1.3%
AAPL −1.3%NASDAQ −1.4%
0+4%+8%Jan 28Feb 6report 4:30pm ETearnings−0.6%+6.2%
0+4%+8%Jan 28Feb 6earnings−0.6%+6.2%
AAPL +6.2%S&P 500 −0.6%
−4%0+4%+8%Jan 28Feb 6report 4:30pm ETearnings−3.2%+6.2%
−4%0+4%+8%Jan 28Feb 6earnings−3.2%+6.2%
AAPL +6.2%NASDAQ −3.2%
+0.46%
Day of report
+4.06%
Next session
+7.18%
One week
+1.17%
30 days

S&P 500 over the same 30 days: −0.99%.

Did AAPL Beat Earnings? Q1 2026 Results

Yes. Apple reported Q1 2026 earnings of $2.84 a share on Jan 29, 2026, beating the $2.67 consensus estimate by 6.3%. Revenue was $143.8B against a $138.5B estimate.

Apple delivered a standout fiscal first quarter for 2026, posting earnings per share of $2.84 against a consensus estimate of $2.67, a beat of 6.37%, while revenue climbed 15.7% year over year to $143.76 billion. The primary engine behind the strong print was iPhone, which generated $85.27 billion in revenue compared to $69.14 billion in the year-ago period, with CEO Tim Cook noting demand strength across every geographic segment. Services added further momentum, reaching $30.01 billion versus $26.34 billion a year ago, reinforcing the durability of Apple's subscription and platform ecosystem. Greater China was a particularly bright geographic story, with revenue jumping to $25.53 billion from $18.51 billion, the fastest growth among Apple's five regions. Operating cash flow accelerated sharply to $53.92 billion from $29.93 billion, underscoring the company's formidable cash generation capacity. Even as broader market sentiment has prompted some rotation away from large-cap technology names, Apple's underlying fundamentals in the December quarter left little room for complaint.

Key Takeaways
  • iPhone achieved best-ever quarter driven by unprecedented demand with all-time records across every geographic segment
  • Services revenue grew 14% year over year to an all-time record
  • Greater China revenue surged from $18.5 billion to $25.5 billion year over year
  • Installed base exceeded 2.5 billion active devices
  • Strong margins contributed to 19% EPS growth

“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.”

Apple CEO, on the earnings call

AAPL YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$40.0B$80.0B$120.0B$124.3B$143.8BRevenue$58.3B$69.2BGross Profit$42.8B$50.9BOperating Income$36.3B$42.1BNet Income
$0$40.0B$80.0B$120.0BRevenueGross ProfitOperating IncomeNet Income
AAPL income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $143.8B $124.3B +15.7%
Gross Profit $69.2B $58.3B +18.8%
Operating Income $50.9B $42.8B +18.7%
Net Income $42.1B $36.3B +15.9%

AAPL Revenue by Segment

iPhone$85.3B+23.3%
Services$30.0B+13.9%
Wearables, Home and Accessories$11.5B−2.2%
Mac$8.4B−6.7%
iPad$8.6B+6.3%

AAPL Revenue by Geography

Americas$58.5B+11.2%
Europe$38.1B+12.7%
Greater China$25.5B+37.9%
Rest of Asia Pacific$12.1B
Rest of World
Japan$9.4B+4.7%
Asia Pacific

Figures from SEC filings and company reports. Not investment advice.