Apple CEO Tim Cook is known for being a supply-chain maven. And he faces a tough test as the company navigates a supply environment that’s been disrupted by the artificial-intelligence boom.

Apple's stock rose after hours on iPhone revenue that handily beat Wall Street's estimates. CEO Tim Cook talked China, AI, and the memory shortage.

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Apple stock slips on concerns over rising costs, particularly for memory components.

Apple's AI strategy draws attention as it prepares to report Q1 earnings. Analysts predict potential stock rally if AI plans impress investors.

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For its fiscal 2026 first quarter (ended Dec. 27), Apple generated record revenue of $143.8 billion, up 16% year over year, marking the company's highest growth rate since 2021. This drove diluted earnings per share (EPS) of $2.84, which jumped 19%, an all-time record.

The tech giant may have some positive updates.

Apple’s Q1 FY26 earnings report was published shortly after the close of markets today. Apple brought in a record $143.8 billion in revenue for the quarter, which beat the expectation of $137.40. The tech behemoth also set a record with its expectation-beating $2.84/share.

Apple's gross-margin target of 48% to 49% for the March quarter well exceeded what analysts were expecting, highlighting the company's ability to navigate a tough supply-chain environment. Analysts tracked by FactSet had been expecting a 47.