Apple today announced its fiscal first quarter 2026 (calendar fourth quarter 2025) revenue results. The Company posted quarterly posted revenue of $143.8 billion and net quarterly profit of $42.1 billion, or $2.84 per diluted share, compared to revenue of $124.3 billion and net quarterly profit of $36.3 billion, or $2.40 per diluted share, in the year-ago quarter.
Apple’s total revenue, earnings per share, iPhone revenue, and services revenue for the quarter set all-time records. Total revenue was up 16% year-over-year, while earnings per share rose by 19%.
Gross margin for the quarter was 48.2%, compared to 46.9% in the year-ago quarter. Apple’s board of directors declared a quarterly dividend payment of $0.26 per share, payable on February 12 to shareholders of record as of February 9.
“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.”
“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.”
Thomas Monteiro, senior analyst at Investing.com shared the following about Apple’s fiscal Q1 financials:
“Despite market participants continually punishing Apple stock for the company’s perceived lagging suite of AI offerings, the unseen iPhone 17 demand shows that the actual consumer market is prioritizing execution, pricing discipline, and ecosystem reliability over headline, often incremental AI features.
“More broadly, this shows that actual consumer demand remains incredibly strong across the entire tech spectrum, both on the hardware and services sides.
“The company’s outstanding performance across both legacy businesses reflects unmatched pricing power, paired with a uniquely diversified suite of revenue streams, which has once again helped the company navigate growing AI spending.
“In this sense, the quarter also reframes the iPhone debate from one of cyclical resilience to structural demand strength.
“The extent of the upside, particularly in China, suggests that Apple’s ecosystem appeal remains powerful enough to drive both upgrades and switches even in a mature smartphone market. For investors, this reduces the risk that iPhone growth is nearing saturation and reinforces the segment’s role as a dependable earnings engine rather than a fading legacy business.”
As has been the case for more than five years now, Apple is once again not issuing guidance for the current quarter, which ends in March.
