Apple Q1 2026 Record Earnings as Gemini AI Partnership Reshapes Strategy

Summary

Apple reported Q1 fiscal 2026 earnings on January 30, 2026, posting record quarterly revenue of $143.8 billion (up 16% YoY), net income of $42.1 billion, and diluted EPS of $2.84 (up 19% YoY). iPhone revenue hit $85.3 billion (up 23%), with all-time records across every geographic segment. Services revenue reached $26.34 billion (up 14%), with gross margins near 77%. China revenue surged 38% to $25.53 billion. Operating cash flow reached an all-time record of $53.9 billion. The AI-relevant sign