Apple Tops Q1 Earnings Estimates with $42.1B Profit, Shares Rise 8% YoY

Apple Inc. (AAPL) reported fiscal Q1 net income of $42.1 billion, or $2.84 per share, surpassing the Zacks analyst consensus of $2.65 per share. Revenue reached $143.76 billion, also beating the $137.81 billion forecast. The iPhone maker’s strong results come despite a 5% year-to-date stock decline through January 29, 2026 — underperforming the S&P 500’s nearly 2% gain. Shares closed at $258.18 on Thursday, up almost 8% over the past 12 months.