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Qualcomm QCOM Q2 2026 earnings

Reported April 29, 2026 · After market close

Revenue$10.6BBeat by $8.5M
EPS$2.65Beat by $0.09
Revenue estimate$10.6B
EPS estimate$2.56

Next report

Nov 4, 2026 (In 3 weeks)
Revenue estimate$10.1B
EPS estimate$2.19

Financials

Q2 2026

Income statement

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Revenue$10.6B-3.5%
Gross profit$5.7B-5.7%
Operating income$2.3B-26.0%
Net income$7.4B+162%
EPS (diluted)$6.88+173%

Balance sheet

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Cash & equivalents$5.4B-24.5%
Total debt$14.8B+1.0%
Total equity$27.3B-1.6%
Total assets$57.1B+3.2%

Cash flow

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Operating cash flow$2.4B-4.1%
CapEx$533.0M+149%
Free cash flow$1.9B-18.1%

Valuation & ratios

Valuation

as of 03/29/26
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Market cap$137.41B-19.1%
Enterprise value$146.75B-17.2%
P/S3.1×-0.9×

Profitability

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Gross margin54.8%-0.9pp
Operating margin25.5%-1.6pp
FCF margin28.1%+0.4pp

Returns & leverage

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Debt / equity0.5×0.0×
Current ratio2.4×-0.4×

Segments

By segment

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QCT$9.1B-4.2%
QTL$1.4B+4.8%
Other Operating Segment$141.0M+194%
QSI-—

FAQ

When did Qualcomm report Q2 2026 earnings?
Qualcomm (QCOM) reported Q2 2026 earnings on April 29, 2026 after market close.
What were Qualcomm's Q2 2026 revenue and EPS?
Qualcomm reported revenue of $10.6B and eps of $2.65 for Q2 2026.
Did Qualcomm beat estimates in Q2 2026?
Revenue beat the consensus estimate of $10.6B by $8.5M. EPS beat the consensus estimate of $2.56 by $0.09.
How did Qualcomm's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 3.5% from $11.0B a year earlier and eps declined 7.0% from $2.85.
Where can I find Qualcomm's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000804328-26-000060) and the 10-Q periodic report (0000804328-26-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.