Apple Posts Record $143.8B Q1 Revenue and Unveils Seven New Products
Apple delivered a record $143.76 billion in Q1 FY26 revenue, up 15.7% year-over-year, driven by $85.27 billion in iPhone sales and a 38% surge in Greater China to $25.53 billion. The company generated $30.01 billion in services revenue, returned $24.7 billion via buybacks, and unveiled seven new products this week.
1. Record Q1 FY26 Earnings
Apple posted $143.76 billion in revenue for Q1 FY26, marking a 15.7% increase year-over-year and setting a new quarterly record, driven primarily by strong iPhone demand.
2. Regional and Segment Highlights
Greater China sales surged 38% to $25.53 billion, while services revenue climbed to $30.01 billion, reflecting robust growth across digital and software offerings.
3. Shareholder Returns
The company returned $24.7 billion to shareholders through share buybacks during the quarter, demonstrating conservative capital allocation compared with peers’ aggressive spending.
4. Product Refresh Momentum
This week Apple unveiled seven new products spanning hardware and services, positioning the company to sustain consumer engagement and bolster spring sales prospects.