3.5%$10.6
Revenue Decline
QCOM's revenue decreased by 3.5% year-over-year to $10.6 billion, primarily due to reduced demand in certain segments.
Source: Source: 10-Q Income Statement, p.1
AI Takeaway
In Q2 FY2026, QCOM reported a significant increase in net income and EPS despite a slight decline in revenue, driven by cost management and strategic share buybacks.
Revenue
$10.6B
-3.46% YoY
EPS (Basic)
$6.92
++171.37% YoY
Operating Income
$2.31B
-25.99% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
QCOM's revenue decreased by 3.5% year-over-year to $10.6 billion, primarily due to reduced demand in certain segments.
Source: Source: 10-Q Income Statement, p.1
Net income increased by 162.1% to $7.37 billion, largely attributed to strategic cost management and one-time gains.
Source: Source: 10-Q Income Statement, p.1
R&D expenses rose by 11.1% to $2.46 billion, reflecting QCOM's commitment to innovation and future growth.
Source: Source: 10-Q Income Statement, p.1
QCOM's revenue is heavily dependent on a few key customers, which poses a risk if these customers reduce orders or switch suppliers.
Source: Source: Industry Analysis
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Upgrade to unlockReported EPS of $2.65 versus the $2.61 analyst consensus — a +1.4% beat for Q2 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $10.6B | $10.98B | -3.46% |
Cost of Revenue | $4.9B | $4.94B | -0.75% |
Operating Income | $2.31B | $3.12B | -25.99% |
Net Income | $7.37B | $2.81B | +162.09% |
EPS (Basic) | $6.92 | $2.55 | +171.37% |
EPS (Diluted) | $6.88 | $2.52 | +173.02% |
R&D Expense | $2.46B | $2.22B | +11.15% |
SG&A Expense | $898M | $706M | +27.20% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $57.14B | $55.37B | +3.19% |
Current Assets | $23.11B | $26.08B | -11.38% |
Total Liabilities | $29.86B | $27.64B | +8.01% |
Current Liabilities | $9.77B | $9.54B | +2.34% |
Cash & Equivalents | $5.43B | $7.2B | -24.55% |
Long-Term Debt | $14.77B | $13.26B | +11.42% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $7.41B | $7.14B | +3.82% |
Investing Cash FlowYTD | $-2.22B | $-1.96B | -13.37% |
Financing Cash FlowYTD | $-7.58B | $-5.79B | -30.85% |
Share BuybacksYTD | $5.44B | $3.5B | +55.57% |
D&AYTD | $806M | $833M | -3.24% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 21.8% | 28.4% | -6.63% |
Net Margin | 69.5% | — | — |
ROA | 12.9% | — | — |
Current Ratio | $2.366 | — | — |
Other companies in Semiconductors
QCOM significantly increased its EPS by 171.4% to $6.92, which may have exceeded market expectations, although specific estimates are not provided.
Key takeaways include a 3.5% revenue decline, a 162.1% increase in net income, and strategic share buybacks boosting EPS by 171.4%.
QCOM faces risks such as revenue concentration, regulatory challenges, and rising debt levels, which could impact future performance.
QCOM's revenue actually declined by 3.5% to $10.6 billion, indicating challenges in maintaining sales growth.
QCOM's financial health shows strong net income growth and strategic cost management, but rising debt levels and declining cash reserves present challenges.