Apple posts record-breaking Q1 2026 as iPhone, services hit all-time highs

Apple opened fiscal 2026 with its strongest first-quarter performance on record, reporting all-time highs in revenue and earnings as demand for iPhone and Services surged across global markets.

In its financial results for the fiscal first quarter ended December 27, 2025, Apple posted quarterly revenue of $143.8 billion, marking a 16 percent increase year over year. Diluted earnings per share reached $2.84, up 19 percent from the same period last year, setting a new all-time EPS record for the company.

“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,” said Tim Cook, Apple’s CEO. “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world.”

Apple said the strong top-line growth was matched by solid margins and cash generation during the traditionally high-volume December quarter. The company generated nearly $54 billion in operating cash flow, underscoring the scale and profitability of its ecosystem-driven business model.

“During the December quarter, our record business performance and strong margins led to EPS growth of 19 percent, setting a new all-time EPS record,” said Kevan Parekh, Apple’s CFO. “These exceptionally strong results generated nearly $54 billion in operating cash flow, allowing us to return almost $32 billion to shareholders.”

As part of its continued capital return program, Apple’s board of directors declared a cash dividend of $0.26 per share of common stock. The dividend will be payable on February 12, to shareholders of record as of the close of business on February 9.