Apple Posts Record Q1 FY26 Revenue of $143.8B, Up 16% YoY

Apple delivers blockbuster Q1 FY26 with $143.8B revenue (+16% YoY), record iPhone/Services, double-digit India growth, $2.84 EPS (+19%).

Apple kicked off fiscal 2026 with record-breaking Q1 results ended December 27, 2025, posting $143.8 billion revenue—up 16% year-over-year—and diluted EPS of $2.84, rising 19%. iPhone achieved its best-ever quarter at $85.3 billion (+23%), while Services hit an all-time high (+14%). Every geographic segment set revenue records, with strong demand from India and China.

The Cupertino giant exceeded expectations, generating $54 billion operating cash flow and returning $32 billion to shareholders. Installed base surpassed 2.5 billion active devices, reflecting ecosystem stickiness. Mac and iPad also posted records.​

India emerged as a growth engine, achieving quarterly revenue records for iPhone, Mac, iPad, and Services. CEO Tim Cook highlighted the market’s potential as the world’s second-largest smartphone arena and fourth-largest PC market, with most buyers new to Apple products. China rebounded sharply (+38% to $25.5 billion) despite Huawei competition.

Services momentum—Apple Music, iCloud, App Store—drove high-margin recurring revenue. iPhone supercycle fueled by iPhone 17 lineup underscores premium pricing power.​

Board declared $0.26/share dividend payable February 12. Q2 guidance projects 13-16% revenue growth amid AI features and services scaling.​

Apple’s FY26 start silences growth skeptics, validating diversification beyond hardware. India’s double-digit surge signals manufacturing/investment payoff, with six stores planned by mid-2026. China recovery validates localization.​

Challenges persist: regulatory scrutiny, antitrust cases, China competition. Strengths shine: 2.5B devices, services tailwinds, emerging markets.​

Apple dominates premium consumer tech, blending hardware innovation with ecosystem lock-in for sustained leadership.