Apple shattered expectations with its first quarter 2026 financial results, reporting a staggering $143.8 billion in revenue – a remarkable 16 percent leap compared to the previous year. This performance translated to a profit of $42 billion and earnings of $2.84 per share, exceeding analyst predictions by a significant margin.
The iPhone spearheaded this success, achieving its highest-ever quarterly revenue at $85 billion. Demand was described as “unprecedented,” with record sales across every region globally. This surge marks a substantial increase over the previous high of $71.6 billion, set back in 2022.
CEO Tim Cook highlighted a key driver of this growth: a surge in customers switching to iPhone. The company witnessed double-digit gains from users abandoning competing platforms, signaling a powerful pull towards the Apple ecosystem.
While the Mac experienced a 7 percent year-over-year decline in sales, reaching $8.3 billion, this was largely anticipated. Apple released only a single new Mac model – the M5 MacBook Pro – compared to five new models in the same period last year.
Despite the Mac dip, the overall picture remains strong. Cook emphasized that the Mac now boasts its largest installed base ever, with nearly half of recent buyers coming from other operating systems. This demonstrates continued loyalty and a growing appeal to new users.
The iPad and Services sectors also contributed to the positive results, with increases of 8 percent and 15 percent respectively. iPad revenue reached $8.6 billion, while Services soared to $30 billion, showcasing the strength of Apple’s expanding digital offerings.
Wearables, Home, and Accessories saw a minor decrease of 2 percent, totaling $11.5 billion in sales. However, this slight dip was overshadowed by the exceptional performance of the iPhone and Services divisions.
A cash dividend of $0.26 per share has been declared by the board of directors, payable to shareholders on February 12, 2026. This reflects Apple’s continued commitment to returning value to its investors.
Looking at the specific numbers, the breakdown reveals a compelling story: iPhone at $85 billion (up from $69 billion), iPad at $8.6 billion (up from $8 billion), Mac at $8.3 billion (down from $8.9 billion), Wearables, Home, and Accessories at $11.5 billion (down from $11.7 billion), and Services at $30 billion (up from $26 billion).
Investors are closely watching a conference call currently underway, seeking further insights into the factors driving this exceptional quarter and Apple’s strategic outlook for the future.
