Apple reported a 16% increase in revenue for its fiscal 2026 first quarter ended Dec. 27, 2025, driven by higher iPhone and services sales.
The company also posted a 19% year-over-year increase in diluted earnings per share during the quarter.
“Today, Apple is proud to report a strong quarter, with revenue up 16% from a year ago and above our expectations,” Tim Cook, CEO of Apple, said. “iPhone delivered its strongest quarter, driven by high demand across all regions, while Services also posted revenue growth of 14% from a year ago. We are also pleased to share that our installed base now includes more than 2.5 billion active devices, reflecting customer satisfaction with our products and services.”
Earnings per share growth was supported by higher operating income and improved margins, according to the company.
“During the December quarter, our business performance and margins led to earnings per share growth of 19%,” Kevan Parekh, CFO of Apple, said. “These results generated strong operating cash flow, which allowed us to return a significant amount of capital to shareholders.”
Apple said iPhone and Services were the main contributors to growth, while sales of Mac, iPad, and wearables were relatively stable compared with the same period last year.