Apple's Q1 2026 results are in, with record-breaking iPhone sales, but a record R&D spend suggests the company is far from resting on its laurels.

Apple today announced financial results for the first fiscal quarter of 2026, which corresponds to the fourth calendar quarter of 2025. For the quarter, Apple posted revenue of $143.8 billion and net quarterly profit of $42.

Apple shatters records with $143.8B in Q1 2026 revenue. iPhone 17 demand and a China rebound drive growth, while Tim Cook addresses the Google Gemini AI deal.

There are more good things to come. Apple Chief Financial Officer Kevan Parekh said he’s forecasting revenue growth of between 13% and 16% in the March quarter, which would amount to sales of between $107.8 billion and $110.66 billion. That’s well above the Street’s expectations, with analysts looking for $104.84 billion in current quarter sales.

Apple has once again achieved its highest-ever quarterly performance, driven by a surge in iPhone sales. The company surpassed Samsung Electronics in global smartphone sales last year, claiming the top spot.

Did you watch Pluribus? If so, you contributed to Apple TV’s success in 2025. The company has just revealed how well its services did in the year. “2025 was a record-breaking year for Apple services, marked by remarkable growth, global expansion, and ...