Apple (NASDAQ: AAPL) had a strong fiscal Q1 2026, reporting record revenue of $143.8 billion, up 16% from the previous year. Earnings per share (EPS) also rose by 19% to $2.84. iPhone sales hit $85.3 billion, a 23% increase, surpassing analyst estimates. Apple projects 13-16% sales growth in the next quarter with improved gross margins.

Despite robust earnings, Apple’s shares saw little change in after-hours trading, up less than 1%. The company noted supply constraints impacting sales projections for the next quarter. Analysts pressed Apple for details on its AI partnership with Alphabet (NASDAQ: GOOGL) and memory chip pricing, but received few specifics. Apple’s strong financials have raised questions about the sustainability of its growth.

Read more at Nasdaq: Apple Posts Record Quarter, But AI Details Remain Unclear