QualcommQCOMEarnings & Financial Report
Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
QCOM Q2 FY2026 Key Financial Metrics
Revenue
$10.6B
Gross Profit
$5.7B
Operating Profit
$2.3B
Net Profit
$7.4B
Gross Margin
53.8%
Operating Margin
21.8%
Net Margin
69.5%
YoY Growth
-3.5%
EPS
$6.88
Qualcomm Q2 FY2026 Financial Summary
Qualcomm reported revenue of $10.6B (down 3.5% YoY) for Q2 FY2026, with a net profit of $7.4B (69.5% margin). Cost of goods sold was $4.9B, operating expenses totaled $3.4B.
Key Financial Metrics
| Total Revenue | $10.6B |
|---|---|
| Net Profit | $7.4B |
| Gross Margin | 53.8% |
| Operating Margin | 21.8% |
| Report Period | Q2 FY2026 |
Revenue Breakdown
Qualcomm Q2 FY2026 revenue of $10.6B breaks down across 2 segments, led by Equipment and services at $9.1B (85.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equipment and services | $9.1B | 85.5% |
| Licensing | $1.5B | 14.5% |
Qualcomm Annual Revenue by Year
Qualcomm annual revenue history includes year-by-year totals (for example, 2025 revenue was $44.3B).
Qualcomm Quarterly Revenue & Net Profit History
Qualcomm results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $10.6B | -3.5% | $7.4B | 69.5% |
| Q1 FY2026 | $12.3B | +5.0% | $3.0B | 24.5% |
| Q4 FY2025 | $11.3B | +10.0% | $-3.1B | -27.7% |
| Q3 FY2025 | $10.4B | +10.3% | $2.7B | 25.7% |
| Q2 FY2025 | $11.0B | +16.9% | $2.8B | 25.6% |
| Q1 FY2025 | $11.7B | +17.5% | $3.2B | 27.3% |
| Q4 FY2024 | $10.2B | +18.7% | $2.9B | 28.5% |
| Q3 FY2024 | $9.4B | +11.1% | $2.1B | 22.7% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.39B | $10.24B | $11.67B | $10.98B | $10.37B | $11.27B | $12.25B | $10.60B |
| YoY Growth | 11.1% | 18.7% | 17.5% | 16.9% | 10.3% | 10.0% | 5.0% | -3.5% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.74B | $55.15B | $55.58B | $55.37B | $54.86B | $50.14B | $53.03B | $57.14B |
| Liabilities | $28.07B | $28.88B | $28.70B | $27.64B | $27.65B | $28.94B | $29.96B | $29.86B |
| Equity | $24.67B | $26.27B | $26.88B | $27.73B | $27.21B | $21.21B | $23.07B | $27.28B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.05B | $2.65B | $4.59B | $2.55B | $2.88B | $4.00B | $4.96B | $7.41B |