Apple has kicked off fiscal year 2026 with its strongest quarter ever, reporting record-breaking revenue of $143.8 billion for the first quarter ended December 27, 2025, a 16% year-over-year increase.
The company also delivered diluted earnings per share of $2.84, marking a 19% annual growth and setting a new all-time EPS record. The results exceeded market expectations and capped off a standout holiday quarter for the Cupertino-based tech giant.
Apple CEO Tim Cook credited the performance to unprecedented demand for the iPhone and continued momentum in the company’s services business.
According to Apple, iPhone revenue reached its highest level ever, with records set across every geographic region. Meanwhile, Services revenue climbed 14% year over year, also achieving an all-time high, reinforcing Apple’s growing reliance on recurring digital services.
Apple’s expanding ecosystem continues to play a central role in its financial strength. The company revealed that its global installed base has surpassed 2.5 billion active devices, highlighting strong customer retention and long-term platform growth.
Chief Financial Officer Kevan Parekh noted that the company’s record performance translated into nearly $54 billion in operating cash flow during the quarter. Apple returned almost $32 billion to shareholders through dividends and share repurchases.
As part of its capital return program, Apple’s board approved a cash dividend of $0.26 per share, payable on February 12, 2026, to shareholders on record as of February 9.
Apple discussed its Q1 2026 results in a live-streamed earnings call last January 29, 2026, with the replay available for two weeks via its investor relations website.
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