QCOM Q2 2026

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q2 2023

Earnings

Qualcomm delivered a solid fiscal second quarter, beating Wall Street expectations for the fourth consecutive quarter as its deepening automotive and IoT businesses helped offset a meaningful pullback in handset revenues. The San Diego chipmaker post… Read more Qualcomm delivered a solid fiscal second quarter, beating Wall Street expectations for the fourth consecutive quarter as its deepening automotive and IoT businesses helped offset a meaningful pullback in handset revenues. The San Diego chipmaker posted non-GAAP diluted EPS of $2.65, ahead of the $2.56 consensus by 3.67%, while revenue of $10.60 billion edged past estimates by 0.18%, though it still represented a 3.5% decline from a year earlier. The divergence within its QCT semiconductor segment told the real story: handset revenues fell 13% to $6.02 billion, weighed down by memory supply constraints and softness among Chinese OEM customers, while automotive revenues surged 38% to a record $1.33 billion and IoT climbed 9% to $1.73 billion. Rumors of Qualcomm developing custom silicon with a major hyperscaler, which rattled a key chip architecture rival in recent weeks, gained credibility as CEO Cristiano Amon confirmed initial shipments of that engagement are on track for later in calendar 2026. Looking ahead, Qualcomm guided fiscal Q3 revenue of $9.20 billion to $10.00 billion and non-GAAP EPS of $2.10 to $2.30, reflecting continued near-term pressure from memory-related demand softness before Chinese handset revenues are expected to recover sequentially in the following quarter.