Q1 26 EPS
$2.84
BEAT +6.37%
Est. $2.67
Q1 26 Revenue
$143.76B
vs S&P Since Q1 26
+3.8%
BEATING MARKET
AAPL +8.0% vs S&P +4.1%
Market Reaction
Did AAPL Beat Earnings? Q1 2026 Results
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 … Read more 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
AAPL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AAPL Revenue by Segment
With YoY comparisons, source: SEC Filings
AAPL Revenue by Geography
With YoY comparisons, source: SEC Filings
“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.”
— Tim Cook, Q1 2026 Earnings Press Release
AAPL Earnings Trends
AAPL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AAPL EPS Trend
Earnings per share: estimate vs actual
AAPL Revenue Trend
Quarterly revenue: estimate vs actual
AAPL Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.94 | $2.01 | +3.61% | $111.18B | — |
| Q1 26 BEAT | $2.67 | $2.84 | +6.37% | $143.76B | — |
| Q4 25 BEAT FY | $1.77 | $1.85 | +4.52% | $102.47B | — |
| FY Full Year | — | $7.46 | — | $416.16B | — |
| Q3 25 BEAT | $1.43 | $1.57 | +9.79% | $94.04B | — |
| Q2 25 BEAT | $1.62 | $1.65 | +1.85% | $95.36B | — |
| Q1 25 BEAT | $2.34 | $2.40 | +2.56% | $124.30B | — |
| Q4 24 BEAT FY | $0.95 | $1.64 | +72.63% | $94.93B | — |
| FY Full Year | — | $6.75 | — | $391.04B | — |
| Q3 24 BEAT | $1.34 | $1.40 | +4.48% | $85.78B | — |
| Q2 24 BEAT | $1.50 | $1.53 | +2.00% | $90.75B | — |