Apple will report fiscal Q1 2026 earnings after the bell on January 29, 2026. Investors expect strong iPhone 17 sales and rising AI spending to lift revenue and the stock.
Analysts forecast revenue near $138.5 billion and earnings per share of $2.67, implying about 10%–12% year-over-year growth. (Ed. note: Those figures reflect a rebound from weaker 2025 results.)
A global memory shortage tied to AI data center buildouts has pushed component prices higher. The company and Alphabet said Apple will use Google’s Gemini models and cloud technology to power AI and a more personalized Siri.
Apple acquired Q.ai, an Israeli startup focused on AI for audio, in a deal estimated at about $2 billion. The company did not disclose the transaction terms.
iPhone revenue is projected at roughly $78.3 billion, up about 13% from $69.1 billion a year earlier. Services revenue is expected to top $30 billion, up around 14%, while revenue from China may rise nearly 18% year-over-year.
