QUALCOMM (QCOM) Earnings Date & Reports

Qualcomm delivered total revenues of $10.599 billion, down 3% from $10.979 billion in Q2 fiscal 2025 but edging past analyst expectations of $10.59 billion. Non-GAAP diluted EPS of $2.65 exceeded the $2.56 consensus and hit the top of guidance, though down 7% year-over-year from $2.85. GAAP diluted EPS reached $6.88, up 173% due to the one-time $5.7 billion tax benefit.

QCT revenues fell 4% to $9.076 billion, with handsets at $6.024 billion (down 13%), but automotive hit a record $1.326 billion (up 38%) and IoT grew 9% to $1.726 billion. QTL revenues increased 5% to $1.382 billion. QCT EBT margin was 27% (down from 30%), while QTL's was 72% (up from 70%). Operating income (GAAP) was $2.309 billion.

For Q3 fiscal 2026, Qualcomm guided total revenues to $9.2–$10.0 billion (QCT $7.9–$8.5 billion, QTL $1.15–$1.35 billion) and non-GAAP EPS to $2.10–$2.30, citing handset weakness from memory issues but expecting a bottom in China Android revenues this quarter.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener identifies trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Explore it today to enhance your analysis of companies like Qualcomm.

Market Reaction and Investor Sentiment

Qualcomm's shares initially dipped after hours on conservative Q3 guidance but surged up to 17% in subsequent trading, closing with strong gains around 12–15% the next day amid optimism over automotive growth, AI prospects, and a new $20 billion share repurchase program. By early May 2026, the stock traded near $177–$186, reflecting positive sentiment on diversification despite handset challenges. Investors focused on record automotive revenues exceeding $5 billion annualized and entry into data centers with a hyperscaler deal.

Forward Outlook and Key Factors to Monitor

Qualcomm's Q3 guidance signals caution on handset demand, particularly from Chinese OEMs, expected to bottom this quarter before sequential recovery. Memory constraints and pricing pressures remain headwinds, but management anticipates improvement thereafter.

Strength in non-handset segments offers upside. Automotive revenues are projected to grow around 50% year-over-year in Q3, building on the Snapdragon Digital Chassis platform. IoT expansion in consumer and industrial applications, plus AI integration across PCs, edge devices, and agents, are key themes. The company plans an Investor Day on June 24, 2026, to detail data center and "physical AI" opportunities, including initial shipments from a leading hyperscaler later this year.

Capital returns remain robust, with $3.7 billion deployed in Q2 ($2.8 billion repurchases, $945 million dividends) and a fresh $20 billion buyback authorization. Watch QTL mix and margins, QCT diversification progress, and 6G roadmap developments toward 2028–2030. Geopolitical risks in China and supply chain dynamics will also influence sentiment.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations