APP Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), APP reported revenue of $1.8B, gross profit of $1.6B (88.9% gross margin), operating income of $1.4B, and net income of $1.2B (65.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
APP was profitable; revenue grew 11.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +11.1% | +9.4% | −1.0 pp |
Consensus estimate data is not available for this report.
APP Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.8B | 100% |
| Cost of Revenue | −$204M | 11.1% |
| Gross Profit | $1.6B | 88.9% |
| Research & Development | −$94M | 5.1% |
| Selling, General & Administrative | −$105M | 5.7% |
| Operating Income | $1.4B | 78.2% |
| Interest Expense | −$51M | 2.8% |
| Other Income, net | $43M | 2.3% |
| Income Tax Expense | −$226M | 12.3% |
| Net Income | $1.2B | 65.4% |
Source: original SEC filing (filed 2026-05-06). Accession 0001751008-26-000042. Data normalized by EarningsFyi.