AAPL — Q1 2026 Earnings Call
TechnologyApple Inc. • Reported: 2026-01-29
EPS Actual
$2.58
Est. $2.51
▲ Beat
Revenue Actual
$131.2B
Est. $129.8B
▲ Beat
Overall Result
Double Beat
EPS + Revenue vs. estimates
Period
Q1 2026
FY2026 • Reported 2026-01-29
Executive Summary
Apple reported record Q1 FY2026 holiday quarter revenue of $131.2 billion, up 6% year-over-year. iPhone 17 drove the strongest holiday quarter ever for the iPhone lineup. Services revenue hit $30.1 billion. Apple Intelligence usage doubled compared to the prior quarter.
Key Highlights
Revenue
positive
Record holiday quarter
Q1 FY2026 revenue of $131.2B set a new all-time record, beating estimates by $1.4B.
iPhone
positive
iPhone 17 holiday strength
iPhone revenue of $72.8B was the strongest holiday quarter ever, driven by iPhone 17 Pro demand.
Services
positive
Services passes $30B
Services revenue of $30.1B crossed $30B for the first time, growing 15% YoY.
AI
positive
Apple Intelligence usage doubles
Apple Intelligence engagement doubled QoQ as new features launched across more devices and languages.
Direct Quotes
TC
Tim Cook
CEO • Record Quarter
"This was our best quarter ever, with revenue of $131.2 billion. iPhone 17 had the strongest launch we've ever seen, and Apple Intelligence is becoming an essential part of how people use their devices."
KP
Kevan Parekh
CFO • Services
"Services crossed $30 billion in quarterly revenue for the first time, growing 15% year over year with strength across every category."