Apple Reports Record Q1 2026 Earnings Driven by iPhone Sales

Apple Inc. reported its fiscal first-quarter results for 2026, achieving a record revenue of $143.8 billion, marking a 16% increase year-over-year. This growth was largely driven by the iPhone 17 series, which contributed $85.27 billion in revenue, up 23% from the same period last year.

CEO Tim Cook highlighted the strong performance, stating, > "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."

The Services segment also reached an all-time high, generating $30.01 billion in revenue, a 14% increase year-over-year.

Geographically, Greater China experienced significant growth, with sales rising 38% to $25.53 billion.

Apple's net income for the quarter was $42.1 billion, with earnings per share at $2.84, both representing substantial increases from the previous year.

The company's installed base of active devices now exceeds 2.5 billion, underscoring the widespread adoption of its products and services.

Apple's board of directors declared a cash dividend of $0.26 per share, payable on February 12, 2026, to shareholders of record as of February 9, 2026.