Qualcomm Inc: Beat — EPS $2.17, Revenue $10.32B
Earnings BeatQ4 2026 · After-market
Did Qualcomm Inc (QCOM) beat earnings today?
Yes, Qualcomm Inc (QCOM) beat Wall Street analyst expectations for Q4 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+0.46% surprise
$2.17Actual
Expected: $2.16
vs. year ago -28.0%
Total Revenue+1.79% surprise
$10.32BActual
Expected: $10.14B
vs. year ago -8.0%
Released Nov 04 · 4:20 PM ET
Earning Report
| Metric | Q4 Fiscal 2026 | Q4 Fiscal 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $10.32K | $11.27K | -8.0 |
| Revenue detail — reported lines | |||
| └─Equipment and services | $8.89K | $9.67K | -8.1 |
| └─Licensing | $1.43K | $1.60K | -10.5 |
| └─QCT | $9.02K | $9.82K | -8.0 |
| └─QTL | $1.30K | $1.41K | -7.0 |
| └─Handsets | $5.14K | $6.96K | -26.0 |
| └─Automotive | $1.99K | $1.05K | +89.0 |
| └─IoT (internet of things) | $1.89K | $1.81K | +4.0 |
| Net income | $1.25K | ($3.12K) | +140.0 |
| Basic earnings (loss) per share | $1.18 | ($2.89) | - |
| Diluted earnings (loss) per share | $1.17 | ($2.89) | +140.0 |
| Non-GAAP diluted EPS | $2.17 | $3.00 | -28.0 |
Financial Outlook / Guidance
| Metric | Q1 FY27 Estimates | |
|---|---|---|
| Guidance | Expected | |
| Revenues | $10.4B - $11.2B | $10.57BIn-Line |
| QCT revenues | $9.0B - $9.6B | — |
| QTL revenues | $1.3B - $1.5B | — |
| GAAP diluted EPS | $1.03 - $1.23 | — |
| Less diluted EPS attributable to QSI | $— | $2.30 |
| Less diluted EPS attributable to share-based compensation | ($0.99) | — |
| Less diluted EPS attributable to other items | ($0.13) | — |
| Non-GAAP diluted EPS | $2.15 - $2.35 | — |
Q1 FY27 Estimates
- Revenues
- Guidance$10.4B - $11.2BExpected$10.57BIn-Line
- QCT revenues
- Guidance$9.0B - $9.6BExpected—
- QTL revenues
- Guidance$1.3B - $1.5BExpected—
- GAAP diluted EPS
- Guidance$1.03 - $1.23Expected—
- Less diluted EPS attributable to QSI
- Guidance$—Expected$2.30
- Less diluted EPS attributable to share-based compensation
- Guidance($0.99)Expected—
- Less diluted EPS attributable to other items
- Guidance($0.13)Expected—
- Non-GAAP diluted EPS
- Guidance$2.15 - $2.35Expected—
Business Highlights
- ➤Renewed long-term QTL license agreements with Apple, Huawei and Transsion.
- ➤Announced a multi-generational product collaboration with Amazon for AI data centers.
- ➤QCT Automotive achieved its first $2B quarter and a record revenue level.
- ➤Returned $1,998M to stockholders through repurchases and cash dividends in Q4.
- ➤Repurchased 6M shares during Q4.
- ➤Paid a quarterly cash dividend of $0.92 per share.
- ➤Actions to reflect higher industry input costs in product pricing are underway.
- ➤Q1 FY27 QCT guidance is inclusive of the Data Center business.
Management Commentary
Cristiano Amon, President and CEO of Qualcomm Incorporated
“We are pleased to deliver fourth quarter non-GAAP revenues at the high end of our guidance, along with 36% year-over-year growth in combined QCT Automotive and IoT revenues. Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business. Non-handset revenues are projected to grow by more than 60% year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5B.”