Apple Reports Record Q1 2026 Revenue of $143.8 Billion

Apple reported record-breaking results for its fiscal first quarter of 2026, ending December 27, 2025, with total revenue climbing 16 percent to 143.8 billion dollars, driven by exceptional demand for the iPhone 17 series during the holiday season. The Cupertino, California-based company also announced it now has 2.5 billion active devices worldwide, a milestone CEO Tim Cook described as a testament to customer satisfaction.

The quarter's performance exceeded Wall Street expectations, which had forecasted revenue around 138 billion dollars and earnings per share of 2.67 dollars. Apple achieved earnings per share of 2.84 dollars on a diluted basis, up from 2.40 dollars a year earlier, with net income reaching 42.1 billion dollars. iPhone revenue hit an all-time high of 85.3 billion dollars, a 23 percent increase from 69.1 billion dollars in the year-ago period, accounting for more than half of total sales. The surge stemmed from strong uptake of the iPhone 17 models, launched in September 2025, as consumers upgraded during the traditionally robust holiday buying period.

Other product segments showed mixed results. Services revenue, including the App Store, Apple Music, iCloud,...