Qualcomm Announces Third Quarter Fiscal 2026 Results

Revenues: $9.9 billion
GAAP EPS: $1.87, Non-GAAP EPS: $2.21

—Combined QCT Automotive and IoT Revenues Grew 28% Year-Over-Year—
—QCT Automotive Revenues: 23 Consecutive Quarters of Double-Digit Year-Over-Year Growth —
—Completed Acquisition of Modular Inc Creating an Open Software Foundation for Generative and Agentic AI—

SAN DIEGO - July 30, 2026 - Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal third quarter ended June 28, 2026.

"Despite a challenging memory and supply environment, our third quarter results reflect solid execution of our growth strategy, with quarterly revenues at the high end of guidance," said Cristiano Amon, President and CEO of Qualcomm Incorporated. "We are well positioned to execute on the vision we outlined at our recent Investor Day, with total non-handset revenues growing to $40 billion by fiscal 2029 – nearly double the target we shared in November 2024. In the near term, we expect year-over-year growth in non-handset revenues, including Data Center, to accelerate from 24% in fiscal 2026 to greater than 60% in fiscal 2027 – a significant inflection point in the execution of our growth strategy."