AAPL Q1 2026 Earnings

Call Details

• Call Title: Apple Inc. Q1 2026 Earnings Call
• Date: January 29, 2026 at 10:00 PM UTC
• Management Team:
  • Suhasini Chandramouli (Director of Investor Relations)
  • Tim Cook (Chief Executive Officer)
  • Kevan Parekh (Chief Financial Officer)

Call Summary

Financial Performance

• Company revenue was $143.8 billion, up 16% year-over-year, representing the best quarter ever.
• iPhone revenue was $85.3 billion, up 23% year-over-year, and set an all-time record.
• Services revenue was $30 billion, up 14% year-over-year, and set an all-time record.
• Products revenue totaled $113.7 billion, up 16% year-over-year.
• Company gross margin was 48.2%, which was above the high end of prior guidance and up 100 basis points sequentially.
• Net income was $42.1 billion and diluted EPS was $2.84, up 19% year-over-year, both all-time records.
• Operating cash flow was $53.9 billion, an all-time record for the company.

Guidance

• The company expects March quarter total company revenue to grow by 13% to 16% year-over-year.
• The company expects gross margin in the March quarter to be between 48% and 49%.
• The company expects operating expenses in the March quarter to be between $18.4 billion and $18.7 billion.
• Other income and expense (OINE) is expected to be around $100 million in the March quarter, excluding mark-to-market of minority investments.
• The company expects its tax rate to be around 17.5% for the March quarter.
• The guidance assumes global tariff rates and policy application remain as of the call and that the macroeconomic outlook does not worsen from today.
• The company expects services revenue to grow at a year-over-year rate similar to the December quarter.