Shares of Apple (AAPL) rose in after-hours trading after the tech giant reported earnings for its first quarter of Fiscal Year 2026. Earnings per share came in at $2.84, which beat analysts’ consensus estimate of $2.68 per share. Sales increased by 15.7% year-over-year, with revenue hitting $143.76 billion. This also beat analysts’ expectations of $138.39 billion.
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When breaking down the numbers, the iPhone generated $85.3 billion in sales and remained Apple’s largest segment (as pictured below), while iPad and Services revenues contributed $8.6 billion and $30 billion, respectively. Additionally, the Wearable, Home, and Accessories segment recorded revenues of $11.5 billion, while Mac sales hit $8.4 billion.
Moreover, AAPL returned over $28.6 billion to shareholders. Dividends made up $3.9 billion, while buybacks made up the remaining $24.7 billion. Apple has regularly returned massive amounts of capital to shareholders in each of the most recent quarters.
Is AAPL Stock a Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 19 Buys, 11 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $298.84 per share implies 15.8% upside potential. However, it’s worth noting that estimates will likely change following today’s earnings report.
