Apple (AAPL) Earnings Q1 2027
January 27, 2027 @ 4:05 pm - 5:05 pm
Apple (AAPL) Earnings Q1 2027
Next AAPL Quarterly Earnings: Wednesday, at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.
- Consensus
- Not yet published
- Prior
- Q3 FY2026: $109.4bn revenue, EPS $2.02
- Actual
- Pending
Updated
Apple is expected to report its fiscal first-quarter 2027 results (the holiday quarter, covering October to December 2026) on Wednesday, January 27, 2027, with the figures released after the US market closes, typically followed by a conference call at 4:05 pm ET (9:05 pm London). The report is published by Apple itself through its Investor Relations site. This is Apple’s most closely watched earnings release of the year because the December quarter normally includes the bulk of iPhone holiday sales. Full schedule and background: AAPL earnings dates.
What is Apple’s Q1 FY2027 earnings report?
This is the quarterly results statement covering Apple’s fiscal first quarter, which runs roughly from late September to late December each year. It includes total company revenue, diluted earnings per share (EPS, the profit allocated to each outstanding share), gross margin, and revenue broken down by product (iPhone, Mac, iPad, Wearables) and by geography (Americas, Europe, Greater China, Japan, Rest of Asia Pacific). Chief executive Tim Cook or his successor and chief financial officer Kevan Parekh host a call with analysts immediately after the release, where they discuss results and often give guidance (a forecast, not a formal promise, of expected performance) for the next quarter.
When is the report and how to follow it
The exact date has not yet been confirmed by Apple. Companies typically confirm reporting dates two to four weeks in advance, and Apple has historically reported its holiday-quarter results in the last week of January: for example, fiscal Q1 2026 results were released on January 29, 2026. January 27, 2027 is therefore an estimate based on that pattern, not a confirmed date. Once confirmed, the release itself appears as a press release and financial statements on Apple’s Investor Relations page, with the earnings call streamed live on the same site and typically available as a replay for around two weeks afterwards.
What to expect
A consensus forecast for fiscal Q1 2027 revenue and EPS has not yet been published, since analyst estimates for quarters this far ahead are typically not compiled until closer to the report date. Based on Apple’s recent growth trajectory and its own guidance pattern, investors will focus on:
- iPhone revenue during the key holiday shopping period, including demand for the then-current iPhone lineup
- Services revenue (App Store, iCloud, Apple Music, advertising), which has repeatedly set new company records
- Gross margin, given recent tariff-related and supply-chain effects on costs
- Guidance for the following quarter, and any commentary on foreign exchange headwinds or component supply constraints
The table below shows Apple’s three most recently confirmed quarters at the time of writing, as reported to investors.
| Quarter | Revenue | EPS | vs estimate |
|---|---|---|---|
| Q1 FY2026 (Dec quarter, reported Jan 29, 2026) | $143.8 billion | $2.84 | Beat by $0.17 |
| Q2 FY2026 (Mar quarter, reported Apr 30, 2026) | $111.2 billion | $2.01 | Beat by $0.06 |
| Q3 FY2026 (Jun quarter, reported Jul 30, 2026) | $109.4 billion | $2.02 | Beat by $0.13 |
Apple’s fiscal Q4 2026 results (the September quarter) were due on November 2, 2026, after this page was prepared, so those figures are not yet reflected above. According to MarketBeat, Apple had beaten the consensus EPS estimate in each of its previous eight quarters heading into that report.
Analysts who cover Apple closely, including those surveyed by Reuters and Bloomberg, tend to focus heavily on the mix between hardware and services revenue. Services, which includes the App Store, Apple Music, iCloud storage subscriptions and advertising, carries a far higher profit margin than hardware sales, so even modest growth in that segment can have an outsized effect on overall profitability. Investors will also watch commentary on Apple Intelligence and other AI-related features, since the company has faced questions from some analysts about whether its artificial intelligence roadmap is keeping pace with rivals such as Google and Samsung.
Currency movements are another recurring theme. Because Apple sells products in dozens of countries but reports results in US dollars, a stronger dollar against the euro, the pound, the yen or the Chinese yuan can reduce reported international revenue even if local demand is steady. Apple’s management typically quantifies this foreign exchange effect during the earnings call, and traders sometimes use that commentary as a rough gauge of broader currency trends affecting other multinational companies.
What the outcome could mean
| Scenario | Likely market read | Plain-English meaning |
|---|---|---|
| Beat on revenue and EPS, strong guidance | Shares likely to rise; seen as confirmation of holiday demand strength | Apple sold more, and made more profit per share, than Wall Street expected, and expects the trend to continue |
| In line with expectations | Muted reaction, focus shifts to guidance and margin commentary | Results matched what was already priced into the share price, so little changes |
| Miss on revenue, EPS or guidance | Shares likely to fall, particularly if iPhone or China revenue disappoints | Apple made less money, or expects to make less, than investors had assumed |
What It Means for Your Money
Apple is one of the largest companies in the world by market value, so its shares sit inside most workplace pensions, index funds and ISAs, even for people who have never bought a share directly. A sharp move in Apple’s share price after this report can move broader US indices such as the S&P 500 and Nasdaq, which feeds through to pension valuations in the UK, Europe and Asia. Weak iPhone demand can also be read as a signal about global consumer spending, which traders sometimes use to adjust views on the US dollar, the pound and the euro. For everyday consumers, the report rarely changes prices at the till directly, but persistent weakness in Apple’s results, or in its suppliers, can be an early sign of pressure in the broader technology and semiconductor sector, which employs large workforces in Asia and parts of Europe.
Related events
- Apple (AAPL) Q4 2026 earnings
- US Federal Reserve interest rate decision
- US December retail sales report
Frequently Asked Questions
Is the January 27, 2027 date confirmed?
No. Apple had not confirmed the date at the time of writing. The estimate is based on Apple’s pattern of reporting its holiday quarter in the last week of January.
What time does Apple release its earnings?
Apple typically releases results after the US market closes, with the earnings call around 4:05 pm ET (9:05 pm London), though the exact time will be confirmed closer to the date.
What is Apple’s fiscal first quarter?
It covers roughly October to December, Apple’s busiest period because it includes the holiday shopping season and the bulk of new iPhone sales.
Where can I watch the earnings call?
Apple streams the call live on its Investor Relations website, with a replay usually available for about two weeks.
Has a consensus forecast been published yet?
No, a consensus forecast has not yet been published for this quarter. Analyst estimates are typically compiled closer to the confirmed report date.