QUALCOMM Incorporated: EPS $2.17 vs $2.16 expected; revenue $10.3B vs $10.1B
Key Facts
Q4 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 2.17 | 2.16 | +0.5% | 3.00 |
| Revenue (USD bn) | 10.32 | 10.12 | +2.0% | 11.27 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Nov 4, 2026 | Q4 FY2026 | 2.17 | 2.16 | +0.5% | 10.32 | 10.12 | +2.0% |
| Jul 29, 2026 | Q3 FY2026 | 2.21 | 2.23 | −0.9% | 9.95 | 9.69 | +2.6% |
| Apr 29, 2026 | Q2 FY2026 | 2.65 | 2.56 | +3.5% | 10.60 | 10.59 | +0.1% |
| Feb 4, 2026 | Q1 FY2026 | 3.50 | 3.39 | +3.2% | 12.25 | 12.12 | +1.1% |
| Nov 5, 2025 | Q4 FY2025 | 3.00 | 2.87 | +4.5% | 11.27 | 10.77 | +4.7% |
| Jul 30, 2025 | Q3 FY2025 | 2.77 | 2.71 | +2.2% | 10.37 | 10.33 | +0.3% |
| Apr 30, 2025 | Q2 FY2025 | 2.85 | 2.82 | +1.1% | 10.98 | 10.64 | +3.1% |
| Feb 5, 2025 | Q1 FY2025 | 3.41 | 2.96 | +15.2% | 11.67 | 10.91 | +6.9% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
QUALCOMM Incorporated results: EPS $2.17 vs $2.16 expected; revenue $10.3B vs $10.1B. The results cover the company's Q4 FY2026. EPS came in above analysts' estimate by 0.5%; revenue above the estimate by 2.0%.
Revenue was down 8.4% from $11.3 billion a year earlier (Q4 FY2025). EPS was down 27.7% from $3.00 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
QUALCOMM Incorporated’s results show the chip business remains dependent on handsets, as declining handset revenue accompanied a contraction in total segment revenue and pressure on profitability. Automotive and internet of things growth supports diversification, but did not offset the handset decline.
Renewed long-term licensing agreements with Apple, Huawei and Transsion support continuity in commercial relationships tied to the patent portfolio, despite declining licensing revenue and margins. This highlights the importance of examining licensing alongside chip sales to understand profitability.
Management highlighted growth in automotive and internet of things, while the release announced a collaboration with Amazon on products for artificial intelligence data centers. This reflects the expansion of QUALCOMM Incorporated’s business beyond handsets, with profitability in established operations remaining central to assessing that diversification.
What to watch on the earnings call: Handset chip demand and the reasons for declining sales, the sustainability of automotive and internet of things growth, and pressure from fabrication, packaging and memory costs alongside related pricing actions. Details of the renewed licensing agreements, the nature of the Amazon data center collaboration, and spending needed to expand these businesses.
For the full analysis of QUALCOMM Incorporated stock — valuation, scores and financial statements — see the stock page linked with this story.