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Earnings check · QCOM

Qualcomm reports $10.3 billion in revenue for its latest quarter

QCOM

Revenue $10.3B
GAAP EPS $1.17

Qualcomm posted $10.3 billion in revenue and $1.25 billion of net income, with GAAP diluted EPS of $1.17, and guided next-quarter revenue to $10.4B–$11.2B.

Qualcomm (QCOM) · Form 8-K filed Nov 4, 2026

Key figureThis quarter
Revenue$10.32 billion
Net income (GAAP)$1.25 billion
Diluted EPS (GAAP)$1.17

Results

Revenue was $10,322 million. Net income was $1,251 million. GAAP diluted EPS was $1.17.

The press release shows the year-earlier quarter at $11,270 million of revenue, a net loss of $3,117 million and a diluted loss per share of $2.89. Against those figures, the company reports net income up 140% and GAAP diluted EPS up 140%.

Guidance

For the next quarter the company guides revenues of $10.4B to $11.2B. Within that, QCT revenues are guided to $9.0B to $9.6B and QTL revenues to $1.3B to $1.5B. Non-GAAP diluted EPS is guided to $2.15 to $2.35.

What else stood out

The company said it renewed long-term QTL license agreements with Apple, Huawei and Transsion. It also announced a multi-generational product collaboration with Amazon for AI data centers.

Earlier GAAP quarters show a swingy profit line. Net income was $2,002 million in the quarter ended June 28, 2026, and $7,370 million in the quarter ended March 29, 2026. Revenue over the same two periods was $9,947 million and $10,599 million. Diluted EPS was $1.87 and $6.88 respectively.

Charts (GAAP)

Qualcomm quarterly revenue (GAAP) by fiscal quarter end
Qualcomm quarterly revenue (GAAP) by fiscal quarter end
Qualcomm quarterly diluted EPS (GAAP) by fiscal quarter end
Qualcomm quarterly diluted EPS (GAAP) by fiscal quarter end

Charts show GAAP figures from SEC filings; the last bar marked 8-K is this release. A gap means the company did not report that quarter separately.

Sources

Rick Liu

AI & software engineer, University of Waterloo. Built PreBell to read earnings the way an analyst would, without the analyst.

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