Apple posted Q1 2026 revenue of $143.8 billion, with a staggering $85 billion in iPhone sales.<\/b>
\nIn summary:
Apple achieved record Q1 2026 revenue of $143.8 billion with iPhone sales hitting an all-time high of $85 billion, according to Macworld.
Services revenue grew 15% while the company now operates 2.5 billion active devices globally, demonstrating Apple\u2019s expanding ecosystem reach.
Despite supply constraints expected in Q2 2026, Apple projects 13-16% revenue growth, signaling continued strong market demand.
Apple held its first quarter 2026 financial results on Thursday, and the company posted revenue of $143.8 billion, a 16 percent year-over-year increase, and quarterly diluted earnings per share of $2.84, up 19 percent, with $42 billion in profit. Apple\u2019s previous all-time record quarter was exactly a year ago.
Analysts had projected Apple\u2019s revenue at $138.48 billion, with an earnings per share of $2.67, so this was a substantial beat. Apple\u2019s board of directors has declared a cash dividend of $0.26 per share. The dividend is payable on February 12, 2026, to shareholders of record as of the close of business on February 9, 2026.
The iPhone had its best quarter ever, with $85 billion, beating the previous record of $71.6 billion set in the first quarter of 2022. \u201ciPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment,\u201d said CEO Tim Cook in a press release. During a conference call with investors, Cook noted that the company saw double-digit growth with users switching over to iPhone.
Mac sales were down 7 percent year-over-year, which isn\u2019t surprising since Apple released only one new Mac for the quarter, the M5 MacBook Pro, versus five new models last year. However, Cook stated that the Mac has its largest installed base ever, and in this past quarter, nearly half of those who bought a Mac were switching from another platform.
Services had a record quarter with an increase of 15 percent, and has firmly established itself as Apple\u2019s second-largest revenue generator. \u201cApple TV has seen fantastic momentum, with December seeing a 36 percent increase in viewership over the previous year,\u201d said Cook, who also said that \u201cApple Music climbed to all-time highs in both listenership and new subscriber growth.\u201d
The iPad saw an increase of 8 percent, while Services had another great quarter with an increase of 15 percent. Apple\u2019s sales for Wearables, Home, and Accessories saw a slight 2 percent decrease.
Apple stated that the company now has 2.5 billion activated devices, a new record.
How the quarter ended year-over-year for Apple:
iPhone: $85 billion (up from $69 billion)
iPad: $8.6 billion (up from $8 billion)
Mac: $8.3 billion (down from $8.9 billion)
Wearables, Home, and Accessories: $11.5 billion (down from $11.7 billion)
Services: $30 billion (up from $26 billion)
The RAM price increases that the market has been experiencing did not affect Apple for the first quarter, according to Cook. However, Cook said Apple is now \u201cin a supply chase mode,\u201d and is experiencing supply constraints. With the supply chain issues in mind, Apple expects its second-quarter 2026 total company revenue to grow by 13 to 16 percent year-over-year\u2013in Q2 2025, Apple reported revenue of $95.4 billion. Apple\u2019s estimates include considerations for \u201cconstrained iPhone supply during the quarter,\u201d said CFO Kevan Parekh. Apple also expects Services revenue to continue to grow at the rate experienced in the first quarter.
Apple is holding a conference call for investors at 5 p.m. ET. We\u2019ll update this story with any news.<\/p>\n