Monday, 9 November 2026
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Develops and commercialises foundational technologies for intelligent computing.

Qualcomm

Latest quarter: Q4 FY2026 and FY2026, ended September 2026

QCOM · NasdaqDesign & fabless

Compare in Financials

About the company

Qualcomm designs wireless and computing chips and licenses a large portfolio of cellular patents. Qualcomm CDMA Technologies (QCT) sells Snapdragon processors and modems for smartphones, as well as chips for automotive digital cockpits and driver assistance, PCs, extended reality and IoT devices. Qualcomm Technology Licensing (QTL) earns royalties from device makers that use its 3G, 4G and 5G patents. A smaller segment, Qualcomm Strategic Initiatives, makes investments. Qualcomm is fabless and uses foundries such as TSMC and Samsung. Leading smartphone makers are its largest customers, and it is diversifying into automotive, PCs and data centers.

Silicon Analytica summary based on the company's latest annual report

Key figures

Q4 FY2026 and FY2026 · 27 Sept 2026

Revenue
▼ −8.4% y/y
Operating income
▼ −53.5% y/y
Gross marginCalc.
−4.6 pp y/y
Operating marginCalc.
−12.8 pp y/y
Net income
▲ Returned to profit y/y
Free cash flow
—

Figures from company filings. Calculated values marked Calc. · Methodology →

How the company earns its revenue

$55.8of every $100 · QCT Handsets$24.1B in FY2026

Total of categories: US$43.1B, reconciles to reported revenue. Different classifications are never added together.

View sources
  • Qualcomm Form 10-K · Notes, segment information (revenue by reportable segment) (QCT revenue by market; QTL) · FY2026 · published 4 Nov 2026

Quarterly trend

12 available quarters · US GAAP

Revenue, USD (left) · gross margin, % (right) · US GAAPRevenueGross margin$0$5B$10B$15BQ1 FY2024Q3 FY2024Q1 FY2025Q3 FY2025Q1 FY2026Q3 FY2026Revenue, Q1 FY2024: US$9.9B (Reported)$9.9BRevenue, Q2 FY2024: US$9.4B (Reported)$9.4BRevenue, Q3 FY2024: US$9.4B (Reported)$9.4BRevenue, Q4 FY2024: US$10.2B (Calculated)$10BRevenue, Q1 FY2025: US$11.7B (Reported)$12BRevenue, Q2 FY2025: US$11.0B (Reported)$11BRevenue, Q3 FY2025: US$10.4B (Reported)$10BRevenue, Q4 FY2025: US$11.3B (Calculated)$11BRevenue, Q1 FY2026: US$12.3B (Reported)$12BRevenue, Q2 FY2026: US$10.6B (Reported)$11BRevenue, Q3 FY2026: US$9.9B (Reported)$9.9BRevenue, Q4 FY2026 and FY2026: US$10.3B (Reported)$10.3B40%60%Gross margin, Q1 FY2024: 56.6% (Calculated)Gross margin, Q2 FY2024: 56.3% (Calculated)Gross margin, Q3 FY2024: 55.6% (Calculated)Gross margin, Q4 FY2024: 56.4% (Calculated)Gross margin, Q1 FY2025: 55.8% (Calculated)Gross margin, Q2 FY2025: 55.0% (Calculated)Gross margin, Q3 FY2025: 55.6% (Calculated)Gross margin, Q4 FY2025: 55.3% (Calculated)Gross margin, Q1 FY2026: 54.6% (Calculated)Gross margin, Q2 FY2026: 53.8% (Calculated)Gross margin, Q3 FY2026: 53.1% (Calculated)Gross margin, Q4 FY2026 and FY2026: 50.7% (Calculated)50.7%Source: Qualcomm quarterly filings and results releases · gross margin = gross profit ÷ revenue, calculated bySilicon AnalyticaSilicon Analyticasiliconanalytica.com/companies/qualcomm
View sources
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q1 FY2024 · published 5 Feb 2025 · covers
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q2 FY2024 · published 30 Apr 2025 · covers
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q3 FY2024 · published 30 Jul 2025 · covers
  • Qualcomm Form 10-K · XBRL us-gaap:Revenues; consolidated statements · Q4 FY2024, Q4 FY2025 · published 5 Nov 2025 · covers
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q1 FY2025, Q1 FY2026 · published 4 Feb 2026 · covers
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q2 FY2025, Q2 FY2026 · published 29 Apr 2026 · covers
  • Qualcomm Form 10-Q · XBRL us-gaap:Revenues; consolidated statements · Q3 FY2025, Q3 FY2026 · published 29 Jul 2026 · covers
  • FY2026 4th Quarter Earnings Release · Consolidated statements of operations; row 240; value column index 0; read 2026-11-05 · Q4 FY2026 and FY2026 · published 4 Nov 2026 · covers

Financial statements

Full page →

As filed with the SEC (10-K/10-Q), from XBRL data. US$ millions, except per-share amounts; shares in millions.

Line itemQ4 FY2026To 27 Sept 202610-K ↗Q3 FY2026To 28 Jun 202610-Q ↗Q2 FY2026To 29 Mar 202610-Q ↗Q1 FY2026To 28 Dec 202510-Q ↗Q4 FY2025To 28 Sept 202510-K ↗
Revenue10,322c9,94710,59912,25211,271c
Cost of revenue5,084c4,6704,9005,5685,034c
Gross profit5,238c5,277c5,699c6,684c6,237c
Gross margin50.7%53.1%53.8%54.6%55.3%
Research & development2,684c2,6072,4632,4532,370c
Selling, general & administrative963c976898865910c
Operating income1,356c1,6262,3093,3662,918c
Operating margin13.1%16.3%21.8%27.5%25.9%
Interest & other, net−13c1,01494350224c
Pre-tax income1,173c2,4622,2323,5472,971c
Income tax−78c460−5,1385436,088c
Net income1,251c2,0027,3703,004−3,117c
Net margin12.1%20.1%69.5%24.5%−27.7%
Diluted EPS—1.876.882.78—
Diluted shares—1,0691,0721,079—

Columns link to the filing. c Calculated by Silicon Analytica from filed figures (hover for the formula); fourth-quarter flows are fiscal year minus nine months. Margins are calculated. Fourth-quarter per-share figures are not filed separately and are left blank.

View sources (5)
  1. Qualcomm 10-K filed 4 Nov 2026 · accession 0000804328-26-000128
  2. Qualcomm 10-Q filed 29 Jul 2026 · accession 0000804328-26-000086
  3. Qualcomm 10-Q filed 29 Apr 2026 · accession 0000804328-26-000061
  4. Qualcomm 10-Q filed 4 Feb 2026 · accession 0000804328-26-000017
  5. Qualcomm 10-K filed 5 Nov 2025 · accession 0000804328-25-000085

Values: SEC XBRL company facts (data.sec.gov), refreshed 8 Nov 2026. A period's original filing is used unless a later filing restated it.

Earnings history

Qualcomm's results by period: revenue, margins and segments from stored filings.

Quarters

Fiscal years

Five-year financial history

US GAAP

Latest 5 completed fiscal years, US GAAP, USD, as reported in annual filings (restated comparatives used where later filings revised them). Ratios and growth are Silicon Analytica calculations from the same records.

Revenue

USD · fiscal years · US GAAP · reported

Revenue (USD)FY2022: US$44.2BUS$44.2BFY202225 Sept 2022FY2023: US$35.8BUS$35.8BFY202324 Sept 2023FY2024: US$39.0BUS$39.0BFY202429 Sept 2024FY2025: US$44.3BUS$44.3BFY202528 Sept 2025FY2026: US$43.1BUS$43.1BFY202627 Sept 2026Silicon AnalyticaFY2026 4th Quarter Earnings Release

Net income attributable to shareholders

USD · fiscal years · US GAAP · reported

Net income attributable to shareholders (USD)FY2022: US$12.9BUS$12.9BFY202225 Sept 2022FY2023: US$7.2BUS$7.2BFY202324 Sept 2023FY2024: US$10.1BUS$10.1BFY202429 Sept 2024FY2025: US$5.5BUS$5.5BFY202528 Sept 2025FY2026: US$13.6BUS$13.6BFY202627 Sept 2026Silicon AnalyticaFY2026 4th Quarter Earnings Release
Qualcomm annual results
USDFY2022ended 25 Sept 2022FY2023ended 24 Sept 2023FY2024ended 29 Sept 2024FY2025ended 28 Sept 2025FY2026ended 27 Sept 2026
Revenue
Gross profit
Gross margin
Operating income
Operating margin
Net income (attributable)
Diluted EPS
R&D expense
R&D as % of revenue

Business model and industry role

QCT (Qualcomm CDMA Technologies)

Develops and supplies integrated circuit products and system software for mobile devices, automotive systems and IoT products [1].

QTL (Qualcomm Technology Licensing)

Grants licences to use portions of its intellectual property portfolio, including patent rights for manufacturing and selling certain wireless products [1].

QSI (Qualcomm Strategic Initiatives)

Makes strategic investments to open new opportunities for its technologies and support new products and services [1].

Who buys it

The company's customers include manufacturers, operators, developers, system integrators, infrastructure vendors, cloud providers, test tool vendors and service providers 1.

How it earns revenue

Revenue comes principally from sales of integrated circuit products and from licensing intellectual property, the latter consisting primarily of per-unit royalties based on licensees' sales 1.

What it depends on

The company depends on investment in research and development, its portfolio of intellectual property, and its fabless production model which relies on third parties for manufacturing 1.

What drives profitabilityIncludes Silicon Analytica view

Competitive factors include performance, level of integration, quality, price, time-to-market, system cost, new product innovation and design capabilities 1.

Competitive position, drivers and risks

Competitive position

Competes with U.S. and international semiconductor designers and manufacturers; no specific competitors are named 1.

Evidence

Many competitors may have advantages, and the company faces competition from products internally developed by some of its largest customers 1.

Growth drivers and conditions

Company view: Principal competitive factors include performance, level of integration, quality, price, time-to-market, system cost, design capabilities and new product innovation 1.

Cyclicality and downside risks

Reported: The business may suffer from customers developing their own integrated circuits, and changes to patent licensing practices due to legal challenges could adversely impact the business 1.

What to watch next

  1. Adoption of on-device and generative AI in edge devices
  2. Transition from 4G to 5G, particularly in emerging regions
  3. Consumer demand for smartphones and new AI-driven experiences
  4. Growth in automotive digitalisation (ADAS, digital cockpit)
  5. Expansion of IoT across consumer, edge and industrial uses

Peer comparison

Compare with another company

Peers not yet selected by the editor. Financials compares latest reported periods and labels mismatched period ends.

Latest analysis on Qualcomm

Markets

Two days, two directions: why chip stocks broke as markets digested the midterms

Wall Street rallied on the election result, then turned on the AI trade. Semiconductors took the hardest hit, even though nothing in the industry's reported numbers changed this week.

5 Nov 2026●4 min read●Analysis

Compare with

Qualcomm vs MediaTekQualcomm vs AMDQualcomm vs Broadcom

More data on Qualcomm

Qualcomm income statement and balance sheet

Related coverage and calendar

Markets

Two days, two directions: why chip stocks broke as markets digested the midterms

Wall Street rallied on the election result, then turned on the AI trade. Semiconductors took the hardest hit, even though nothing in the industry's reported numbers changed this week.

5 Nov 2026●4 min read●Analysis
Sources & methodology
  1. Qualcomm Form 10-K for latest fiscal year ↗ · 5 Nov 2025 · Item 1 Business / Item 4 Information on the Company; risk factors

Annual and quarterly figures come from the company's SEC filings (XBRL financial data and, where needed, the filed statements). Each value keeps its filing, period dates and accounting basis. Ratios, growth rates, free cash flow, split-adjusted EPS and derived quarters are Silicon Analytica calculations, shown with their inputs. Percentage growth is not shown when the prior value is zero or negative. Guidance is shown only as company guidance; no analyst consensus is used.

Data checks: ✓ 37 passed

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