Qualcomm Q4 earnings beat estimates as auto sales jump 89%
Key points
- Qualcomm (NASDAQ:QCOM) reported fourth-quarter fiscal 2026 non-GAAP EPS of $2.17 and revenue of $10.32 billion, exceeding analyst expectations.
- Handset revenue fell 26% to $5.14 billion, while automotive revenue increased 89% to approximately $1.99 billion.
- Qualcomm forecasts first-quarter revenue of $10.4–11.2 billion and targets $5 billion in data center revenue for fiscal 2027.
Qualcomm (NASDAQ:QCOM) reported fourth-quarter fiscal 2026 non-GAAP earnings of $2.17 per share and revenue of $10.32 billion, beating analyst estimates of $2.16 and $10.12 billion, respectively.
Revenue declined 8% from $11.27 billion a year earlier, while non-GAAP earnings fell 28% from $3 per share, reflecting weaker handset sales.
The company's QCT semiconductor division generated $9.02 billion, down 8%, as handset revenue fell 26% to $5.14 billion, automotive sales increased 89% to $1.99 billion, and QTL licensing revenue reached $1.30 billion.
Qualcomm forecasts first-quarter fiscal 2027 revenue of $10.4–11.2 billion and non-GAAP earnings of $2.15–2.35 per share, while targeting $5 billion in data center revenue for the full fiscal year.
Qualcomm generated $43.12 billion in GAAP revenue for fiscal 2026, down 3%, while annual non-GAAP earnings declined 12% to $10.54 per share.
The company is expanding beyond smartphone processors through automotive, PC, edge computing and data center products, including its Amazon AI infrastructure collaboration, Anduril's BlueChip project and its announced Starlink technology agreement.
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