OpenNashEarnings

Semiconductors · Nasdaq: QCOM

Qualcomm earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends September · next results expected around 3 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Fiscal 2026 GAAP Revenues: $43.1 billion; Fiscal 2026 GAAP EPS: $12.70, Non-GAAP EPS: $10.54, with Q4 non-GAAP revenues of $10,442 million and non-GAAP EPS of $2.17.

Qualcomm's fiscal fourth quarter revenue fell 7% from a year ago on a non-GAAP basis, to $10,442 million, as handset chip sales dropped 26% on weak smartphone demand tied to memory prices. Automotive revenue grew 89% to $1,990 million, its first $2 billion quarter. Non-GAAP EPS was $2.17, down 28%. The company renewed patent license agreements with Apple, Huawei and Transsion and said its licensing revenue run rate is unchanged.

Read the Q4 FY2026 summary →Q4 FY2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$10.3B−8.4% y/yQ4 FY26
Q1 FY25: $11.7BQ1 25$11.7BQ2 FY25: $11.0BQ2 25$11.0BQ3 FY25: $10.4BQ3 25$10.4BQ4 FY25: $11.3B (worked out from the annual figure)Q4 25$11.3BQ1 FY26: $12.3BQ1 26$12.3BQ2 FY26: $10.6BQ2 26$10.6BQ3 FY26: $9.9BQ3 26$9.9BQ4 FY26: $10.3B (worked out from the annual figure)Q4 26$10.3B

Fourth quarter worked out from the annual figure.

Data
Q1 FY25$11.7B
Q2 FY25$11.0B
Q3 FY25$10.4B
Q4 FY25$11.3B *
Q1 FY26$12.3B
Q2 FY26$10.6B
Q3 FY26$9.9B
Q4 FY26$10.3B *
Diluted EPS (GAAP)$1.87−23.0% y/yQ3 FY26
Q1 FY25: $2.83Q1 25$2.83Q2 FY25: $2.52Q2 25$2.52Q3 FY25: $2.43Q3 25$2.43Q1 FY26: $2.78Q1 26$2.78Q2 FY26: $6.88Q2 26$6.88Q3 FY26: $1.87Q3 26$1.87
Data
Q1 FY25$2.83
Q2 FY25$2.52
Q3 FY25$2.43
Q1 FY26$2.78
Q2 FY26$6.88
Q3 FY26$1.87

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin13.1%−12.8 pts y/yQ4 FY26
Q1 FY25: 30.5%Q1 2530.5%Q2 FY25: 28.4%Q2 2528.4%Q3 FY25: 26.6%Q3 2526.6%Q4 FY25: 25.9%Q4 2525.9%Q1 FY26: 27.5%Q1 2627.5%Q2 FY26: 21.8%Q2 2621.8%Q3 FY26: 16.3%Q3 2616.3%Q4 FY26: 13.1%Q4 2613.1%
Data
Q1 FY2530.5%
Q2 FY2528.4%
Q3 FY2526.6%
Q4 FY2525.9%
Q1 FY2627.5%
Q2 FY2621.8%
Q3 FY2616.3%
Q4 FY2613.1%
Free cash flow$1.8B−49.2% y/yQ4 FY26
Q1 FY25: $4.3BQ1 25$4.3BQ2 FY25: $2.3BQ2 25$2.3BQ3 FY25: $2.6BQ3 25$2.6BQ4 FY25: $3.6BQ4 25$3.6BQ1 FY26: $4.4BQ1 26$4.4BQ2 FY26: $1.9BQ2 26$1.9BQ3 FY26: $495.0MQ3 26$495.0MQ4 FY26: $1.8BQ4 26$1.8B
Data
Q1 FY25$4.3B
Q2 FY25$2.3B
Q3 FY25$2.6B
Q4 FY25$3.6B
Q1 FY26$4.4B
Q2 FY26$1.9B
Q3 FY26$495.0M
Q4 FY26$1.8B

Operating cash flow minus capital expenditure, from cash flow statements.

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$11.7B$11.0B$10.4B$11.3Bd$12.3B$10.6B$9.9B$10.3Bd
Operating income$3.6B$3.1B$2.8B$2.9Bd$3.4B$2.3B$1.6B$1.4Bd
Operating margin30.5%28.4%26.6%25.9%27.5%21.8%16.3%13.1%
Net income$3.2B$2.8B$2.7B-$3.1Bd$3.0B$7.4B$2.0B$1.3Bd
Diluted EPS$2.83$2.52$2.43—$2.78$6.88$1.87—
Operating cash flow$4.6B$2.6Bd$2.9Bd$4.0Bd$5.0B$2.4Bd$991.0Md$2.7Bd
Capital expenditure$277.0M$214.0Md$294.0Md$407.0Md$549.0M$533.0Md$496.0Md$916.0Md
Free cash flow$4.3B$2.3B$2.6B$3.6B$4.4B$1.9B$495.0M$1.8B
R&D expense$2.2B$2.2B$2.2B$2.4Bd$2.5B$2.5B$2.6B$2.7Bd

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings