{"id":265304,"date":"2026-01-30T11:48:09","date_gmt":"2026-01-30T11:48:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/265304\/"},"modified":"2026-01-30T11:48:09","modified_gmt":"2026-01-30T11:48:09","slug":"apple-aapl-earnings-report-q1-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/265304\/","title":{"rendered":"Apple (AAPL) earnings report Q1 2026"},"content":{"rendered":"

Apple<\/a> reported fiscal first-quarter earnings<\/a> on Thursday\u00a0that\u00a0surpassed\u00a0expectations, with revenue soaring\u00a016% on an annual basis.\u00a0\u00a0<\/p>\n

Shares of the company were up more than 1% in extended trading. <\/p>\n

Here are the results versus what Wall Street was expecting, according to LSEG consensus estimates for the quarter ending in December:\u00a0<\/p>\n

EPS:\u00a0$2.84 vs. $2.67\u00a0estimated\u00a0Revenue:\u00a0$143.76\u00a0billion\u00a0vs.\u00a0$138.48\u00a0billion\u00a0estimated\u00a0<\/p>\n

Here is how Apple performed versus LSEG consensus estimates:\u00a0\u00a0<\/p>\n

iPhone revenue:\u00a0$85.27\u00a0billion\u00a0vs.\u00a0$78.65\u00a0billion\u00a0estimatedMac revenue:\u00a0$8.39\u00a0billion\u00a0vs.\u00a0$8.95\u00a0billion\u00a0estimated\u00a0iPad\u00a0revenue:\u00a0$8.60\u00a0billion\u00a0vs.\u00a0$8.13\u00a0billion\u00a0estimated\u00a0Wearables, Home and Accessories\u00a0revenue:\u00a0$11.49\u00a0billion\u00a0vs.\u00a0$12.04\u00a0billion\u00a0estimated\u00a0Services revenue:\u00a0$30.01\u00a0billion\u00a0vs.\u00a0$30.07\u00a0billion\u00a0estimatedGross margin:\u00a048.2% vs. 47.5%\u00a0estimated\u00a0<\/p>\n

Finance chief Kevan Parekh said that Apple expects revenue this quarter to rise between 13% and 16% on an annual basis, which would be equivalent to between $107.8 billion and $110.66 billion. Analysts polled by LSEG were expecting\u00a0$104.84 billion.\u00a0Apple said it expects constrained iPhone supply during the period. <\/p>\n

Apple also said it expects its Services unit to have a year-over-year growth rate similar to the 14% in the December quarter. <\/p>\n

The company\u00a0reported\u00a0$42.1\u00a0billion\u00a0in net income, or\u00a0$2.84 per\u00a0share, versus\u00a0$36.33 billion, or $2.40 per share, in the year-ago period.\u00a0\u00a0<\/p>\n

Overall iPhone revenue\u00a0surged 23% on an annual basis to\u00a0$85.27 billion, which the company attributed to strong\u00a0sales of the\u00a0iPhone 17 models released in September.\u00a0\u00a0<\/p>\n

“The demand for iPhone was just simply\u00a0staggering,” Apple CEO Tim Cook told CNBC’s Steve Kovach.\u00a0<\/p>\n

The strong growth is a reversal from the holiday quarter last year<\/a>, when Apple reported iPhone sales that declined slightly. <\/p>\n

Cook said Apple now has an active base of 2.5 billion iPhones,\u00a0Macs\u00a0and other Apple devices, up from 2.35 billion announced in January last year.\u00a0That number is closely watched because it points to the addressable market for Apple services, as well\u00a0as for\u00a0software on the company’s\u00a0platforms.\u00a0\u00a0<\/p>\n

Apple\u00a0saw\u00a0particularly strong\u00a0results\u00a0in China, including Taiwan and Hong Kong. Sales in the region surged\u00a038% during the quarter to\u00a0$25.53\u00a0billion.\u00a0Cook said\u00a0that the performance in the region was driven by iPhone sales.\u00a0\u00a0<\/p>\n

“We set an\u00a0all-time\u00a0record for upgraders in mainland China, and we saw double-digit growth on switchers,” Cook said. Upgraders\u00a0refers\u00a0to current iPhone users who bought newer\u00a0models, and switchers\u00a0means new customers\u00a0who previously had\u00a0phones from\u00a0different\u00a0brands.\u00a0\u00a0<\/p>\n

In China, Apple “saw a lift that, frankly, was much greater than we thought we would\u00a0see,”\u00a0Cook\u00a0said, adding that it was “product-driven.”\u00a0<\/p>\n

Apple’s sales of Mac laptops came up short of Wall Street expectations, and fell 7% on an annual basis. The company released an updated MacBook Pro laptop with a new M4 chip in November.<\/p>\n

The iPad business grew 6% in the quarter\u00a0on an annual basis\u00a0to\u00a0$8.6 billion\u00a0in revenue, beating expectations.\u00a0Cook\u00a0said\u00a0that\u00a0half of the people who bought an iPad during the quarter had not\u00a0previously\u00a0owned one.\u00a0\u00a0<\/p>\n

The company reports AirPods, Apple Watch, Vision\u00a0Pro\u00a0and other accessories in a category called Wearables,\u00a0Home\u00a0and Accessories.\u00a0Those\u00a0sales\u00a0fell 2% on an annual basis and missed Wall Street estimates.\u00a0\u00a0<\/p>\n

Apple’s services business\u00a0includes subscriptions such as Apple TV and iCloud\u00a0as well as\u00a0advertising revenue from licensing agreements with Google, AppleCare\u00a0warranties\u00a0and other offerings. It\u00a0grew 14% on an annual basis to\u00a0$26.34 billion\u00a0in sales.\u00a0Cook said Apple TV’s viewership rose 36% in December from a year ago.<\/p>\n

Earlier this month,\u00a0the company announced it would\u00a0partner with Google<\/a>\u00a0to use its\u00a0Gemini AI model to power Apple Intelligence software. Apple has spent much less on\u00a0artificial intelligence\u00a0technology than\u00a0its peers, such as Meta and Microsoft,\u00a0which\u00a0have committed to spending hundreds of billions on\u00a0AI\u00a0infrastructure.\u00a0\u00a0<\/p>\n

“We have absolutely the best\u00a0platforms\u00a0in the world for AI,” Cook said.\u00a0\u00a0<\/p>\n

Apple recorded\u00a0$2.37 billion\u00a0in capital expenditures for the quarter, down from\u00a0$2.94 billion\u00a0in the same period last year.\u00a0But research and development expenses increased to\u00a0$10.89 billion\u00a0from\u00a0$8.27 billion\u00a0in the year-ago period.\u00a0\u00a0<\/p>\n

“AI is going to require incremental investment on top of our normal product road map investment,” Parekh said.\u00a0<\/p>\n

All of Apple’s\u00a0devices, including the iPhone, Mac and iPad, use a lot of storage and memory, raising questions about how the company plans to handle increased\u00a0component\u00a0costs as memory prices around the world are surging because of an AI-related shortage<\/a>.\u00a0\u00a0<\/p>\n

“We’re in a supply chain mode to meet the very high levels of customer demand we’re currently constrained,” Cook said. “At this point, it’s difficult to predict when supply and demand will balance.”<\/p>\n

Cook added that one of the constraints was with the advanced chip manufacturing needed for Apple’s processors. He also said that memory prices had a minimal impact during the quarter, but the company expects a bigger effect during the current period <\/p>\n

“We do continue to see market pricing for memory increasing significantly,” Cook said. <\/p>\n

Parekh said that Apple spent\u00a0nearly\u00a0$32 billion\u00a0in the quarter on share repurchases and dividends.\u00a0<\/p>\n

WATCH: Apple told us all about its new iPhone chips and on-device AI plans<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Apple reported fiscal first-quarter earnings on Thursday\u00a0that\u00a0surpassed\u00a0expectations, with revenue soaring\u00a016% on an annual basis.\u00a0\u00a0 Shares of the company…\n","protected":false},"author":2,"featured_media":265305,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[1684,940,354,114,357,3150,146,85,3279,46,321,125,6768],"class_list":["post-265304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-alphabet-class-a","tag-apple-inc","tag-breaking-news-technology","tag-business","tag-business-news","tag-dividends","tag-entertainment","tag-il","tag-iphone","tag-israel","tag-mobile","tag-technology","tag-tim-cook"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/265304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=265304"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/265304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/265305"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=265304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=265304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=265304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}