Apple (AAPL) earnings report Q1 2026
Apple is gearing up to release its fiscal first-quarter earnings report after the closing bell on Thursday. Wall Street analysts are expecting earnings per share of $2.67 and revenue of $138.48 billion for the quarter.
The tech giant had previously indicated strong sales of iPhones during the holiday season, forecasting a revenue growth of 10% to 12% for the quarter. This optimism has led analysts to believe that Apple may exceed expectations in its upcoming report.
However, concerns have been raised about rising operating costs and component prices, particularly for memory and storage. Analysts will likely question Apple’s management about how the company plans to address these challenges amid a period of significant growth.
Despite the uncertainties surrounding component costs, Apple CEO Tim Cook may shed light on the company’s AI strategy during the earnings call. Apple recently announced a partnership with Google’s Gemini for its Apple Intelligence software, signaling a shift towards externally sourced AI models.
Overall, analysts remain cautiously optimistic about Apple’s performance in the first quarter, with some concerns about the impact of rising memory prices on the company’s bottom line. Investors will be closely watching the earnings report for insights into Apple’s future growth prospects and strategic initiatives.
