Apple Inc. (AAPL) Q1 2026 Earnings Call Transcript
Denmark lauds talks with U.S. over Greenland. Amazon could invest up to $50 billion in OpenAI.
Earlier today, Apple Inc. delivered record quarterly results for Q1 FY2026, with healthy growth in revenues and EPS. Strong double-digit growth across all geographies, especially Greater China (+38% y/y), signals an iPhone 17 upgrade supercycle. AAPL's gross margin expanded to 48.1%, and FCF reached $51.5B, fueling robust shareholder returns via buybacks and dividends.
While the top- and bottom-line numbers for Apple (AAPL) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
The iPhone maker projected gross margins well ahead of Wall Street estimates, reassuring investors that it's successfully managing the surge in memory prices
Apple reported blowout first-quarter earnings on Thursday, and predicted another quarter of growth as much as 16% in the current quarter. Sales could be even better, Apple said, if the company could just secure enough chips to meet its customers' iPhone demands.
Apple Inc. delivered a surprisingly strong fiscal Q1, with 16% YoY product revenue growth and a $5.2 billion revenue beat. iPhone sales surged 23%, driving all-time highs and expanding the active device base to 2.5 billion, signaling renewed ecosystem momentum. Gross margin expanded to ~48%, supporting 18% YoY operating income growth despite a product-heavy revenue mix.
Apple (AAPL) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $2.4 per share a year ago.
Apple Inc. delivered strong Q1 results, with 16% revenue growth and record iPhone sales driving performance. AAPL's gross profit rose 19%, but there was no operating leverage as operating expenses grew in line with gross profits. Despite robust free cash flow, AAPL's premium valuation appears unattractive versus faster-growing tech peers like MSFT and META.
The devices have been well received for their upgraded camera features and performance improvements, with Apple also benefiting from a wave of upgrades from users holding onto older models.
Apple iPhone 17 sales jumped during the holiday period, as CEO Tim Cook calls the results "staggering." The company reported revenue of $143.8 billion in the quarter, up 16% from a year ago.
Apple (AAPL) posted yet another earnings beat while muscling significant numbers for iPhone sales and revenue from China. However, its services segment came in-line.