Apple (AAPL) reported R&D of $11.42B in Q1 2026.

How has Apple's R&D changed year-over-year?

Apple's R&D increased by 33.6% year-over-year, from $8.55B to $11.42B.

What is the long-term trend for Apple's R&D?

Over 4 years (2021 to 2025), Apple's R&D has grown at a 12.1% compound annual growth rate (CAGR), from $21.91B to $34.55B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Apple AAPL R&D

R&D at other companies

HPHPQ

$432M+7.7%

MicrosoftMSFT

$8.92B+8.7%

QualcommQCOM

$2.46B+11.1%

Sirius XMSIRI

$69M-5.5%

Logitech InternationalLOGI

$87.07M+9.5%

NetflixNFLX

$959.7M+16.6%

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$4.04T+34.6%

Enterprise value$4.08T+33.0%

P/E33×+2.1×

P/S9×+1.5×

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:ResearchAndDevelopmentExpense.

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 R&D?: Apple (AAPL) reported R&D of $11.42B in Q1 2026.
How has Apple's R&D changed year-over-year?: Apple's R&D increased by 33.6% year-over-year, from $8.55B to $11.42B.
What is the long-term trend for Apple's R&D?: Over 4 years (2021 to 2025), Apple's R&D has grown at a 12.1% compound annual growth rate (CAGR), from $21.91B to $34.55B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.