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Dec 28, 2025
Qualcomm Q1 2026 Earnings Report
Qualcomm reported record quarterly revenue with strong earnings performance despite handset supply constraints.
Key Takeaways
Qualcomm delivered record Q1 FY26 revenue and solid profitability, driven primarily by QCT growth, particularly in automotive and IoT, while handset demand faced near-term memory supply constraints.
Record quarterly revenue reached $12.25 billion
GAAP diluted EPS was $2.78 with Non-GAAP EPS of $3.50
QCT automotive revenue exceeded $1 billion for the second consecutive quarter
Net income declined year over year due to higher costs and taxes
Revenue by Segment
Forward Guidance
For Q2 FY26, Qualcomm expects lower sequential revenue due to handset memory supply constraints while maintaining solid profitability.
Positive Outlook
- Continued strength in automotive revenues
- Stable licensing revenue outlook
- Strong cash generation and capital returns
- Expansion into data centers with Alphawave acquisition
- Premium smartphone demand remains healthy
Challenges Ahead
- Memory supply constraints impacting handset customers
- Lower expected sequential revenue in Q2
- Ongoing semiconductor industry cyclicality
- Macroeconomic and geopolitical uncertainties
- Pricing pressure in certain handset segments
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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