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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 CEO Tim Cook shared another record quarter for the company
The fiscal quarter, which ended December 27, 2025, saw Apple post records aplenty. With revenue of $143.8 billion, the company saw a 16% increase over the previous year’s results — a new record for the company. Of that figure, a whopping $42.1 billion was net profit.
Comparing that to the previous year’s revenue of $124.3 billion and a net quarterly profit of $36.3 billion, Apple’s already healthy balance sheet just got a shot in the arm. With record total revenue and earnings per share ($2.84, up 19%), it’s hard to imagine how Apple shareholders could have hoped for better results.
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