Apple Tops Q1 Forecasts With $114.5 Billion in Revenue Amid Strong iPhone Sales
Apple posted Q1 revenue of $114.5 billion, beating analysts' estimates and rising 11.7% year-over-year. Net income climbed to $30.711 billion, driven by strong iPhone and Mac sales.
Apple reported first-quarter results that surpassed Wall Street expectations, posting revenue of $114.5 billion for the quarter ending in September. This figure exceeds analysts' consensus estimates of $113.39 billion, marking an 11.7% increase compared to the same period in 2025.
Net income rose 11.8% to $30.711 billion, while earnings per share reached $2.10—including a 5-cent tariff refund boost—topping the projected $1.99 per share. Apple shares traded stably in after-hours trading following the announcement.
The revenue growth was driven by gains across major product categories, led by iPhone sales which surged 17.5% to $57.58 billion, beating analysts' expectations of $56.59 billion. These figures do not yet include sales of the foldable iPhone Duo, which hit stores after the quarter closed. Mac sales recorded an impressive 23.7% jump to $10.79 billion, surpassing expectations of $9.61 billion, while services revenue grew 9.8% to $31.57 billion.
Conversely, iPad sales declined 10.4% to $6.23 billion, falling short of the $6.7 billion estimate. Wearables and accessories sales dropped 7.9% to $8.30 billion compared to the projected $9.06 billion. Geographically, Apple experienced strong growth in most regions, spearheaded by China, where sales leaped 21% to $17.54 billion.
Sales in the Asia-Pacific region rose 15% to $9.71 billion, European revenue climbed 11% to $32.01 billion, and the Americas saw a 10.2% increase to $48.68 billion. Japan was the sole geographic outlier, with sales dipping 1.5% to $6.54 billion. Alongside the earnings report, Apple declared a dividend of 27 cents per share, payable to shareholders on November 16.
CEO John Ternus highlighted the company's robust performance in a press release:
«iPhone reached a September quarter record and Services hit an all-time high, concluding our best fiscal year ever. We are closing the year with our most ambitious lineup yet, including the iPhone Duo, our most revolutionary iPhone since the original, alongside the iPhone 18 Pro and iPhone 18 Pro Max.»
