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Qualcomm QCOM Q1 2026 earnings

Reported February 4, 2026 · After market close

Revenue$12.3BBeat by $131.4M
EPS$3.50Beat by $0.11
Revenue estimate$12.1B
EPS estimate$3.39

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$10.2B
EPS estimate$2.18

Financials

Q1 2026

Income statement

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Revenue$12.3B+5.0%
Gross profit$6.7B+2.7%
Operating income$3.4B-5.3%
Net income$3.0B-5.5%
EPS (diluted)$2.78-1.8%

Balance sheet

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Cash & equivalents$7.2B-17.3%
Total debt$14.8B+1.6%
Total equity$23.1B-14.2%
Total assets$53.0B-4.6%

Cash flow

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Operating cash flow$5.0B+8.2%
CapEx$549.0M+98.2%
Free cash flow$4.4B+2.5%

Valuation & ratios

Valuation

as of 12/28/25
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Market cap$183.19B+7.3%
Enterprise value$190.81B+8.1%
P/S4.1×-0.1×

Profitability

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Gross margin55.1%-0.9pp
Operating margin27.1%+0.8pp
FCF margin28.8%-2.5pp

Returns & leverage

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Debt / equity0.6×+0.1×
Current ratio2.5×-0.1×

Segments

By segment

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QCT$10.6B+5.2%
QTL$1.6B+3.7%
Other Operating Segment$47.0M-6.0%
QSI-—

FAQ

When did Qualcomm report Q1 2026 earnings?
Qualcomm (QCOM) reported Q1 2026 earnings on February 4, 2026 after market close.
What were Qualcomm's Q1 2026 revenue and EPS?
Qualcomm reported revenue of $12.3B and eps of $3.50 for Q1 2026.
Did Qualcomm beat estimates in Q1 2026?
Revenue beat the consensus estimate of $12.1B by $131.4M. EPS beat the consensus estimate of $3.39 by $0.11.
How did Qualcomm's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.0% from $11.7B a year earlier and eps grew 2.6% from $3.41.
Where can I find Qualcomm's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000804328-26-000016) and the 10-Q periodic report (0000804328-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.