Record iPhone demand is driving growth, but advanced-node constraints and rising memory prices limit near-term upside.
| Quarter | Q1 FY26 |
|---|---|
| Call date | 2026-01-30 |
| Length | 58 minutes |
| EPS | $2.84 |
| EPS consensus | $2.65 |
| Revenue | $143.8B |
Apple reported record December-quarter revenue of $143.8 billion, up 16% year over year, with diluted EPS of $2.84, up 19%. iPhone revenue reached $85.3 billion, up 23%, while services revenue reached $30 billion, up 14%. Greater China revenue grew 38%, and India delivered quarterly revenue records across iPhone, Mac, iPad, and services. March-quarter revenue is expected to grow 13% to 16%, despite constrained iPhone supply and greater expected memory-cost pressure.
What changed, guidance prior to now, analyst Q&A candor and the case for and against are part of Core.
Other quarters: Q3 FY26 · Q4 FY25 · Q3 FY25
Read the full Q1 FY26 earnings call transcript
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Transcript produced by Signals.AI from the company's own earnings call audio. Not personalized investment advice.