US EditionApple sales surge 16% on ‘staggering’ iPhone demand
Apple's fiscal Q1 2026 revenue rose 16% to $143.8 billion, led by a 23% surge in iPhone sales and a 14% increase in services revenue, CEO Tim Cook said.
- On January 29, 2026, Apple Inc. reported fiscal Q1 2026 revenue of $143.8 billion and net profit of $42.1 billion for the quarter ended December 27, 2025, with diluted EPS of $2.84 setting a new record.
- IPhone performance drove the quarter as iPhone revenue reached about $85.27 billion and Services revenue hit a record $30.01 billion, supported by an installed base of more than 2.5 billion active devices.
- Strong cash generation allowed Apple to generate nearly $54 billion in operating cash flow and return almost $32 billion to shareholders.
- Analysts had expected lower numbers, yet Apple beat Bloomberg consensus estimates of $138.4 billion revenue and $2.68 EPS and maintained its policy of no quarterly guidance.
- Apple points investors to SEC filings for risk details, noting forward-looking statements about future plans and dividends face risks including global economic conditions and supply-chain reliance.
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Apple announced on Thursday its first fiscal quarter profits, which exceeded expectations, with an increase in revenue of 16% year-on-year. Apple’s first fiscal quarter ended in December, and the company had previously pointed out that it anticipated that many people would buy iPhones in the Christmas season. The company reported $42 billion in net profits, or $2.84 per diluted share, compared to $36.330 million, or $2.40 per diluted share, from…
Amid record revenue, Apple's Q1 2026 R&D spend reveals its AI ambitions
Apple's Q1 2026 results are in, with record-breaking iPhone sales, but a record R&D spend suggests the company is far from resting on its laurels.Apple CEO Tim Cook shared another record quarter for the companyThe fiscal quarter, which ended December 27, 2025, saw Apple post records aplenty. With revenue of $143.8 billion, the company saw a 16% increase over the previous year's results — a new record for the company. Of that figure, a whopping $…
Apple is well ahead of expectations for its first quarter of its staggered fiscal year with a $42.1 billion profit, driven by record iPhone sales and a sharp increase in sales in China.
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