Jun 2026 (Q3 FY26) — Jul 29, 2026
QUALCOMM Q3 FY26 — Record Automotive Revenue and Accelerated Diversification
Read the full callQUALCOMM (QCOM) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
QUALCOMM earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9,947 | −4.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.4 | −10.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 2,002 | −24.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
67 of 68 judged targets kept · 54 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Non-GAAP EPS | $2.10 to $2.30 | Mar 2026 | We delivered revenues of $9.9 billion and non-GAAP EPS of $2.21 | Achieved |
| Apple modem share on the 2026 iPhone launch | approximately 20% share | Sep 2024 | our share for upcoming iPhone launch is expected to be materially lower than our prior estimate of 20% | Revised Down |
| QCT IoT revenue | low teens % year-over-year growth | Dec 2025 | QCT IoT revenues of $1.7 billion were up 9% on a year-over-year basis | Missed |
1 of QUALCOMM INC/DE's 122 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 119 more targets are in the full ledger.
Claimed
- Delivered Q3 FY26 revenues of $9.9 billion and non-GAAP EPS of $2.21, both at the high end of guidance.
- Achieved record QCT Automotive revenues of $1.6 billion, up 61% year-over-year.
- Raised annualized automotive revenue run rate outlook to approximately $7 billion exiting fiscal 2026, up from $6 billion.
- Total non-handset revenues in QCT grew 28% year-over-year, with FY27 non-handset revenue growth expected to accelerate to greater than 60%.
- Secured over $3.5 billion in industrial design wins this fiscal year, contributing to a pipeline exceeding $7 billion.
Qualified
- QCT gross margins are slightly below historical range due to unprecedented memory prices, higher manufacturing/input costs, and supply chain shortages.
- Expect materially lower share for upcoming iPhone launch, resulting in an approximate 50% decline in Apple product revenues from September to December quarter.
- Handset market TAM is expected to be down low teens relative to 2026, with QCT Android revenue down 20% year-over-year, impacting EPS by over $1.50.
Price
$173.53 +0.83% · +$1.42
Performance +6.2% 1Y
1Y: $163.45 on 17 Oct 2025 → $173.53. High $251.02 (29 May 2026), low $124.07 (7 Apr 2026).
- Previous close
- $172.11
- 52-week range
- $124.07 – $251.02
- One year
- +3.89%
Overview
- Symbol
- QCOM
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
67 of 68 judged targets kept · 54 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Non-GAAP EPS | $2.10 to $2.30 | Mar 2026 | We delivered revenues of $9.9 billion and non-GAAP EPS of $2.21 | Achieved |
| Apple modem share on the 2026 iPhone launch | approximately 20% share | Sep 2024 | our share for upcoming iPhone launch is expected to be materially lower than our prior estimate of 20% | Revised Down |
| QCT IoT revenue | low teens % year-over-year growth | Dec 2025 | QCT IoT revenues of $1.7 billion were up 9% on a year-over-year basis | Missed |
Claimed
- Delivered Q3 FY26 revenues of $9.9 billion and non-GAAP EPS of $2.21, both at the high end of guidance.
- Achieved record QCT Automotive revenues of $1.6 billion, up 61% year-over-year.
- Raised annualized automotive revenue run rate outlook to approximately $7 billion exiting fiscal 2026, up from $6 billion.
- Total non-handset revenues in QCT grew 28% year-over-year, with FY27 non-handset revenue growth expected to accelerate to greater than 60%.
- Secured over $3.5 billion in industrial design wins this fiscal year, contributing to a pipeline exceeding $7 billion.
Qualified
- QCT gross margins are slightly below historical range due to unprecedented memory prices, higher manufacturing/input costs, and supply chain shortages.
- Expect materially lower share for upcoming iPhone launch, resulting in an approximate 50% decline in Apple product revenues from September to December quarter.
- Handset market TAM is expected to be down low teens relative to 2026, with QCT Android revenue down 20% year-over-year, impacting EPS by over $1.50.
The full ledger
Open QUALCOMM INC/DE’s full ledger
A free account opens 5 company ledgers a month. All 122 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — Apr 29, 2026
Qualcomm Q2 FY26 — Record Automotive & AI Diversification Amidst Handset Headwinds
Read the full callDec 2025 (Q1 FY26) — Feb 4, 2026
QUALCOMM Q1 FY26 — Record Revenues and Automotive Growth Amidst Handset Memory Headwinds
Read the full callEvery analysed call
QUALCOMM earnings calls (QCOM)
Financials
What the filings say
Net profit, year on year: −25% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10,245 | 11,669 | 10,979 | 10,365 | 11,271 | 12,252 | 10,599 | 9,947 |
| Expenses | 7,663 | 8,114 | 7,859 | 7,603 | 8,353 | 8,886 | 8,290 | 8,321 |
| Operating profit | 2,582 | 3,555 | 3,120 | 2,762 | 2,918 | 3,366 | 2,309 | 1,626 |
| Operating margin | 25.2% | 30.5% | 28.4% | 26.6% | 25.9% | 27.5% | 21.8% | 16.4% |
| Other income | 194 | 243 | 148 | 358 | 223 | 350 | 94 | 1,014 |
| Interest | 179 | 163 | 163 | 168 | 170 | 169 | 171 | 178 |
| Profit before tax | 2,597 | 3,635 | 3,105 | 2,952 | 2,971 | 3,547 | 2,232 | 2,462 |
| Tax rate | −12.3% | 12.5% | 9.4% | 9.7% | 204.9% | 15.3% | −230.2% | 18.7% |
| Net profit | 2,920 | 3,180 | 2,812 | 2,666 | -3,117 | 3,004 | 7,370 | 2,002 |
| EPS ($ per share) | — | 2.86 | 2.55 | 2.44 | — | 2.81 | 6.92 | 1.89 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 343 | 586 | 0 | 195 | 490 | 0 | 0 |
| Reserves | 542 | 4,466 | 5,284 | 9,822 | 17,840 | 20,733 | 25,687 | 20,646 |
| Total liabilities | 31,911 | 28,048 | 29,517 | 31,290 | 31,001 | 29,459 | 28,880 | 28,937 |
| Fixed assets | 2,975 | 3,081 | 3,711 | 4,559 | 5,168 | 5,042 | 4,665 | 4,690 |
| Investments | 311 | 421 | 4,507 | 5,298 | 3,609 | 2,874 | 5,451 | 4,635 |
| Total assets | 32,718 | 32,957 | 35,594 | 41,240 | 49,014 | 51,040 | 55,154 | 50,143 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3,908 | 7,286 | 5,814 | 10,536 | 9,096 | 11,299 | 12,202 | 14,012 |
| Cash from investing | 2,381 | -806 | -5,263 | -3,356 | -5,804 | 762 | -3,623 | -800 |
| Cash from financing | -31,500 | -6,386 | -5,707 | -6,798 | -7,196 | -6,663 | -9,269 | -13,196 |
| Net cash flow | -25,252 | 62 | -5,132 | 409 | -4,017 | 5,428 | -678 | -6 |
| Capital expenditure | -784 | -887 | -1,407 | -1,888 | -2,262 | -1,450 | -1,041 | -1,192 |
| Free cash flow | 3,124 | 6,399 | 4,407 | 8,648 | 6,834 | 9,849 | 11,161 | 12,820 |
QCOM revenue by segment
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Qct | 86% | 86% | 86% | 87% | 87% | 87% | 86% | 85% | -5.4% |
| Qtl | 14% | 13% | 12% | 13% | 13% | 13% | 13% | 13% | -3.0% |
| Qsi | <1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
221 filings between Oct 20, 2025 and Oct 16, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$22.56M
119 sales by 6 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 30
- Award — granted as compensation
- 44
- Option exercise — converted options into shares
- 23
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 dispositions to the issuer, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Palkhiwala Akash J. | — | $8.18M | Sep 11, 2026 |
| AMON CRISTIANO R | — | $7.60M | Sep 25, 2026 |
| ROGERS ALEXANDER H | — | $2.83M | Dec 16, 2025 |
| ACE HEATHER S | — | $1.75M | Aug 3, 2026 |
| CHAPLIN ANN C | — | $1.60M | Oct 16, 2026 |
| Grech Patricia Y | — | $596.1K | Oct 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 16, 2026 | CHAPLIN ANN C EVP, GenCounsel&CorpSecretary | Sale 10b5-1 plan | 1,827 | $319.3K |
| Oct 15, 2026 | CHAPLIN ANN C EVP, GenCounsel&CorpSecretary | Tax withheld 10b5-1 plan | 1,939 | $345.9K |
| Oct 15, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Tax withheld | 3,267 | $582.8K |
| Oct 15, 2026 | CHAPLIN ANN C EVP, GenCounsel&CorpSecretary | Option exercise 10b5-1 plan | 5,592 | $0 |
| Oct 15, 2026 | ACE HEATHER S EVP, Chief HR Officer | Option exercise | 5,177 | $0 |
| Oct 15, 2026 | AMON CRISTIANO R President & CEO | Tax withheld | 8,232 | $1.47M |
| Oct 15, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Option exercise | 8,284 | $0 |
| Oct 15, 2026 | ACHOUR BAAZIZ EVP, Chief Technology Officer | Option exercise | 3,314 | $0 |
| Oct 15, 2026 | ACHOUR BAAZIZ EVP, Chief Technology Officer | Option exercise | 2,584 | $0 |
| Oct 15, 2026 | ROGERS ALEXANDER H EVP, Pres QTL & Global Affairs | Tax withheld | 1,901 | $339.1K |
| Oct 15, 2026 | ROGERS ALEXANDER H EVP, Pres QTL & Global Affairs | Option exercise | 5,798 | $0 |
| Oct 15, 2026 | ACHOUR BAAZIZ EVP, Chief Technology Officer | Tax withheld | 1,955 | $348.8K |
| Oct 15, 2026 | AMON CRISTIANO R President & CEO | Option exercise | 19,053 | $0 |
| Oct 15, 2026 | ACE HEATHER S EVP, Chief HR Officer | Tax withheld | 1,790 | $319.3K |
| Oct 2, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Sale 10b5-1 plan | 98 | $18.3K |
| Sep 30, 2026 | MCLAUGHLIN MARK D Director | Award | 393 | $0 |
| Sep 30, 2026 | TRICOIRE JEAN-PASCAL Director | Award | 183 | $0 |
| Sep 25, 2026 | AMON CRISTIANO R President & CEO | Sale 10b5-1 plan | 10,000 | $2.00M |
| Sep 21, 2026 | AMON CRISTIANO R President & CEO | Sale 10b5-1 plan | 10,000 | $1.95M |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 347 | $64.1K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 696 | $126.6K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 739 | $135.9K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 508 | $92.8K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 82 | $14.8K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 48 | $8.6K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 36 | $6.4K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 32 | $5.7K |
| Sep 11, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 12 | $2.2K |
| Aug 31, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Sale 10b5-1 plan | 208 | $35.4K |
| Aug 21, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Sale 10b5-1 plan | 625 | $101.8K |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Tax withheld 10b5-1 plan | 441 | $70.9K |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Option exercise 10b5-1 plan | 316 | $0 |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Option exercise 10b5-1 plan | 44 | $0 |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Option exercise 10b5-1 plan | 316 | $0 |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Option exercise 10b5-1 plan | 427 | $0 |
| Aug 20, 2026 | Grech Patricia Y SVP, Chief Accounting Officer | Option exercise 10b5-1 plan | 171 | $0 |
| Aug 12, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 248 | $40.9K |
| Aug 12, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 748 | $121.6K |
| Aug 12, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 164 | $27.1K |
| Aug 12, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 260 | $42.1K |
| Aug 12, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 1,080 | $176.5K |
| Aug 3, 2026 | ACE HEATHER S EVP, Chief HR Officer | Sale 10b5-1 plan | 3,200 | $470.5K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 61 | $11.4K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 108 | $20.1K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 59 | $10.9K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 166 | $30.4K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 377 | $68.7K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 240 | $43.5K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 535 | $95.8K |
| Jul 14, 2026 | Palkhiwala Akash J. EVP, CFO & COO | Sale 10b5-1 plan | 329 | $59.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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