Key insights
6 takeaways · ~2 min read- 01Apple Inc.'s total net sales for Q1 FY2026 (three months ended December 27, 2025) reached $143,756 million, a significant increase from $124,300 million in Q1 FY2025.
- 02iPhone sales were the primary growth driver, increasing from $69,138 million in Q1 FY2025 to $85,269 million in Q1 FY2026.
- 03Services revenue also saw substantial growth, rising from $26,340 million in Q1 FY2025 to $30,013 million in Q1 FY2026, contributing to an increased Services gross margin percentage due to a different mix of services.
- 04Total assets grew from $359,241 million as of September 27, 2025, to $379,297 million as of December 27, 2025, driven by increases in cash and cash equivalents and marketable securities.
- 05The company significantly reduced its commercial paper outstanding from $8.0 billion as of September 27, 2025, to $2.0 billion as of December 27, 2025, with total repayments of commercial paper, net, amounting to $5,910 million in Q1 FY2026.
- 06Shareholders' equity increased from $73,733 million as of September 27, 2025, to $88,190 million as of December 27, 2025, primarily due to an increase in common stock and additional paid-in capital and a reduction in accumulated deficit.
Summary
SEC 10-Q filing for Apple, filed 2026-01-30.
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