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: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
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 (Diluted)
$6.88
+173.02% YoY
Operating Income
$2.31B
-25.99% YoY
Source: SEC XBRL
Qualcomm (QCOM) reported Q2 FY2026 revenue of $10.6B, down 3.5% year over year. Operating margin was 21.8%, down 6.6 points from 28.4% a year earlier. QCOM's fiscal Q2 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 2.21 | 2.27 | Miss -2.7% |
| Mar 2026This filing | 2.65 | 2.61 | Beat +1.4% |
| Dec 2025 | 3.50 | 3.48 | Beat +0.6% |
| Sep 2025 | 3.00 | 2.93 | Beat +2.3% |
Adjusted (non-GAAP) EPS of $2.65 versus the $2.61 analyst consensus — a +1.4% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $6.88.
Compiled by AI from this SEC filing
QCOM's revenue decreased by 3.5% year-over-year to $10.6 billion, primarily due to reduced demand in certain segments.
Source: 10-Q Income Statement
Net income increased by 162.1% to $7.37 billion, largely attributed to strategic cost management and one-time gains.
Source: 10-Q Income Statement
R&D expenses rose by 11.1% to $2.46 billion, reflecting QCOM's commitment to innovation and future growth.
Source: 10-Q Income Statement
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
QCOM's revenue is heavily dependent on a few key customers, which poses a risk if these customers reduce orders or switch suppliers.
Source: Industry Analysis
The company faces potential regulatory hurdles in various jurisdictions that could impact its operations and profitability.
Source: Industry Analysis
With long-term debt increasing by 11.4% to $14.77 billion, QCOM faces higher interest obligations that could affect cash flow.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 10.60 $B | 10.98 $B | -3.46% |
Cost of Revenue $B | 4.90 $B | 4.94 $B | -0.75% |
Operating Income $B | 2.31 $B | 3.12 $B | -25.99% |
Net Income $B | 7.37 $B | 2.81 $B | +162.09% |
EPS (Basic) $ | 6.92 $ | 2.55 $ | +171.37% |
EPS (Diluted) $ | 6.88 $ | 2.52 $ | +173.02% |
R&D Expense $B | 2.46 $B | 2.22 $B | +11.15% |
SG&A Expense $M | 898.00 $M | 706.00 $M | +27.20% |
Answers draw on this SEC filing and the data on this page
Qualcomm's Q3 FY2026 revenue fell 4% and operating income dropped 41% due to handset weakness, partly cushioned by record automotive/IoT growth and a $656 million IPO windfall.
QCOM delivered Q1 FY2026 revenue of $12.25B (+5.0% YoY), but net income fell 5.5% to $3.0B as surging R&D (+10.0%) and SG&A (+19.6%) costs compressed operating margin by ~300 basis points to 27.5%.
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