What is Apple's change in inventories?

Apple (AAPL) reported change in inventories of $873M in Q1 2026.

How has Apple's change in inventories changed year-over-year?

Apple's change in inventories increased by 235.8% year-over-year, from -$643M to $873M.

What is the long-term trend for Apple's change in inventories?

Over 3 years (2021 to 2025), Apple's change in inventories has grown at a -19.2% compound annual growth rate (CAGR), from $2.66B to -$1.4B.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Apple AAPL Change in Inventories

Change in Inventories at other companies

HPHPQ

$475M—

Cirrus LogicCRUS

-$46.93M-1,337%

MicrosoftMSFT

$161M+410%

QualcommQCOM

$703M+873%

AmazonAMZN

-$1.62B-233%

Logitech InternationalLOGI

-$68.7M—

Other financials

Income statement

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Revenue$111.18B+16.6%

Gross profit$54.8B+22.1%

Operating income$35.9B+21.3%

Net income$29.6B+19.4%

EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%

Total debt$82.7B-10.3%

Total equity$106.49B+59.4%

Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%

CapEx$2.0B-35.8%

Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.25T+41.6%

Enterprise value$4.29T+40.2%

P/E34.7×+4.4×

P/S9.4×+2.1×

Profitability

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Gross margin47.9%+1.2pp

Operating margin32.6%+0.8pp

Net margin27.2%+2.9pp

FCF margin28.6%+4.0pp

Returns & leverage

See full

Return on equity141.5%+3.5pp

Debt / equity0.8×-0.6×

Current ratio1.1×+0.2×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's change in inventories?: Apple (AAPL) reported change in inventories of $873M in Q1 2026.
How has Apple's change in inventories changed year-over-year?: Apple's change in inventories increased by 235.8% year-over-year, from -$643M to $873M.
What is the long-term trend for Apple's change in inventories?: Over 3 years (2021 to 2025), Apple's change in inventories has grown at a -19.2% compound annual growth rate (CAGR), from $2.66B to -$1.4B.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.