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How Qualcomm (QCOM) makes money: Q3 FY2026 revenue breakdown
US GAAP · $M · vs Q3 FY2025 · quarter ended late June 2026 (fiscal year is shifted) · reported 07/29/2026
Qualcomm Incorporated is an American multinational technology corporation headquartered in San Diego, California. · Wikipedia
More about the company
The company develops and designs technologies for global communications and computing, including next-generation mobile networks, smart devices, and semiconductors — such as mobile processors and artificial intelligence chips. The company holds essential patents for global mobile communication standards including 5G, 4G, CDMA2000, TD-SCDMA and WCDMA.
Key growth driver: Diversification beyond handsets — automotive and IoT (Snapdragon) and AI PCs; QTL licensing. · by the Q3 FY2026 report
How does Qualcomm make money?
Qualcomm brought in $9.95 billion of revenue in Q3 FY2026, down 4.0% year over year. The largest source was QCT (Semiconductors): $8.50 billion, or 85% of the total, followed by QTL (Licensing) ($1.28B, 13%); other lines add the remaining 2%. Net income for the quarter was $2.00 billion, down 24.9% year over year.
Revenue by source, Q3 FY2026
- QCT (Semiconductors)$8.50B · 85% · −5.0%
- QTL (Licensing)$1.28B · 13% · −3.0%
- Other/Reconciling$165M · 2%
Shares of $9.95B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is QCOM’s next earnings date?
Wednesday, November 4, 2026estimated
Qualcomm (QCOM) has not confirmed the date yet; Nov 4, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $1.47 (9 analysts), vs $2.56 in the same quarter last year.
What time does QCOM report? Usually after market close: the last 4 results releases reached the SEC at 4:01 pm, 4:02 pm, 4:00 pm, 4:01 pm ET.
Last report: Jul 29, 2026 (Q3 FY2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$9,947
−4.0%
Gross profit
$5,277
−8.8%
53.1% margin
Operating income
$1,626
−41.1%
16.3% margin
Net income
$2,002
−24.9%
$1.87 diluted EPS
Verdict: a resilient but margin-squeezed quarter — revenue held near guidance highs on Automotive/IoT strength, but GAAP operating income fell 41% y/y on rising costs and one-off charges, dragging net income down 25% despite a large investment-income boost.
Returned $2.3B to stockholders ($973M dividends + $1.4B buybacks); Q4 FY26 revenue guidance $9.7B-$10.5B; GAAP EPS guidance $1.22-$1.42.
Source and notation
* marks non-cash / ≈ estimated. Source: Qualcomm press release / 10-Q (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- net income fell 25% y/y in Q3 FY2026
- revenue fell 4% y/y in Q3 FY2026
Most likely because GAAP operating income fell 41% y/y mainly due to $101M acquisition-related charges, $70M restructuring costs; QCT Automotive revenue +61% y/y (23rd straight quarter of double-digit growth); IoT +9%; costs grew faster than revenue (r&d +17% y/y, income tax +61% y/y, sg&a +27% y/y). Based on the Q3 FY2026 report.
Company filings on SEC EDGAR ↗Most likely because the drop came from QCT (Semiconductors) −5% y/y; QCT Automotive revenue +61% y/y (23rd straight quarter of double-digit growth); IoT +9%; but Handsets -20% y/y dragged QCT total down 5%; GAAP operating income fell 41% y/y mainly due to $101M acquisition-related charges, $70M restructuring costs. Based on the Q3 FY2026 report.
Company filings on SEC EDGAR ↗QCOM earnings history: past report dates
| Jul 29, 2026 Wed | 4:01 pmafter market close | Jun 28, 2026 | $9.9B−4% y/y | $1.87−23% y/y |
| Apr 29, 2026 Wed | 4:02 pmafter market close | Mar 29, 2026 | $10.6B−3% y/y | $6.88+173% y/y |
| Feb 4, 2026 Wed | 4:00 pmafter market close | Dec 28, 2025 | $12.3B+5% y/y | $2.78−2% y/y |
| Nov 5, 2025 Wed | 4:01 pmafter market close | Sep 28, 2025 | ≈$11.3B+10% y/y | ≈−$2.77 |
| Jul 30, 2025 Wed | 4:01 pmafter market close | Jun 29, 2025 | $10.4B+10% y/y | $2.43+29% y/y |
| Apr 30, 2025 Wed | 4:04 pmafter market close | Mar 30, 2025 | $11.0B+17% y/y | $2.52+22% y/y |
| Feb 5, 2025 Wed | 4:04 pmafter market close | Dec 29, 2024 | $11.7B+17% y/y | $2.83+15% y/y |
| Nov 6, 2024 Wed | 4:07 pmafter market close | Sep 29, 2024 | ≈$10.2B+19% y/y | ≈$2.57+95% y/y |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Qualcomm: 5-year financials
| FY2025 | 44,284 | 12,355 | 5,541 |
| FY2024 | 38,962 | 10,071 | 10,142 |
| FY2023 | 35,820 | 7,788 | 7,232 |
| FY2022 | 44,200 | 15,860 | 12,936 |
| FY2021 | 33,566 | 9,789 | 9,043 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP); the company’s fiscal year doesn’t match the calendar year so years follow the company’s own labels.
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
1.5/2mostly good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Nov 2025FY2025 10-K: FY2024 other expenses include $75M to settle a shareholder class action alleging securities law violations. sec.gov ↗
- Nov 2025Shares outstanding 1,113M → 1,074M during FY2025; diluted shares −3.8% over 5 years, SBC 6.3% of revenue. data.sec.gov ↗
- Nov 2025Declared dividend rose from $2.54 (FY2020) to $3.48 per share (FY2025). data.sec.gov ↗
Scoring: 2.0 −0.5 (criterion 9: shareholder class action settled for $75M, fiscal 2024) = 1.5
- Share classes
- One class of common stock (Nasdaq: QCOM), one vote per share.
- Dilution
- Diluted shares −3.8% over FY2020–2025; SBC 6.3% of revenue (<10%) — no deduction; $8.8B buyback in FY2025.
- Disclosure
- Full reporting, no violations.
- Dividends
- Dividend raised every year for more than 20 years: $2.54 (FY2020) → $3.48 (FY2025).
- Lawsuits & regulators
- Shareholder disclosure class action (3226701 Canada Inc. v. Qualcomm) settled for $75M — ≥$50M → −0.5; EU/Korea antitrust fines and the 2016 SEC FCPA case ($7.5M) are not deducted under the methodology.
- Related parties
- No material related-party transactions.
How the score works · checked as of Sep 2026
Qualcomm (QCOM) earnings: FAQ
How does Qualcomm make money?
Qualcomm brought in $9.95 billion of revenue in Q3 FY2026, down 4.0% year over year. The largest source was QCT (Semiconductors): $8.50 billion, or 85% of the total, followed by QTL (Licensing) ($1.28B, 13%); other lines add the remaining 2%. Net income for the quarter was $2.00 billion, down 24.9% year over year.
When is QCOM's next earnings date?
Qualcomm (QCOM) has not confirmed the date yet; Nov 4, 2026 is an estimate based on its past reporting schedule.
What time does QCOM report earnings?
Qualcomm usually reports after market close: its latest results release was filed with the SEC at 4:01 pm ET on Jul 29, 2026.
When did QCOM last report earnings?
Qualcomm reported Q3 FY2026 results on Jul 29, 2026.
What is the EPS estimate for QCOM's next earnings?
The consensus EPS forecast is $1.47 (9 analysts), vs $2.56 in the same quarter last year.
Where can I find Qualcomm's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to QCOM's filings; this page breaks the latest report down in a Sankey chart.
What was QCOM's net income in Q3 FY2026?
Qualcomm reported net income of $2,002M for Q3 FY2026 (−24.9% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 08/27/2026. How we make the breakdowns · Report an error
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