What is Apple's inventories?

Apple (AAPL) reported inventories of $6.75B in Q1 2026.

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

Apple's inventories increased by 7.6% year-over-year, from $6.27B to $6.75B.

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

Over 4 years (2021 to 2025), Apple's inventories has grown at a -3.4% compound annual growth rate (CAGR), from $6.58B to $5.72B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Apple AAPL Inventories

Inventories at other companies

HPHPQ

$9.2B+12.6%

Cirrus LogicCRUS

$240.87M-19.5%

MicrosoftMSFT

$1.22B+43.8%

QualcommQCOM

$7.37B+18.9%

AmazonAMZN

$36.53B+1.9%

Logitech InternationalLOGI

$489.95M-2.7%

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$4.72T+48.0%

Enterprise value$4.76T+46.6%

P/E38.5×+6.4×

P/S10.5×+2.7×

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

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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:InventoryNet.

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 inventories?: Apple (AAPL) reported inventories of $6.75B in Q1 2026.
How has Apple's inventories changed year-over-year?: Apple's inventories increased by 7.6% year-over-year, from $6.27B to $6.75B.
What is the long-term trend for Apple's inventories?: Over 4 years (2021 to 2025), Apple's inventories has grown at a -3.4% compound annual growth rate (CAGR), from $6.58B to $5.72B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.