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Qualcomm QCOM Q2 2026 earnings

Reported April 29, 2026 · After market close

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

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$9.7B
EPS estimate$2.21

Financials

Q2 2026

Income statement

See full
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

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

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$196.63B-19.1%
Enterprise value$205.97B-17.2%
P/E12.4×—
P/S4.4×-1.3×

Profitability

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

Returns & leverage

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

Segments

By segment

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

Versus estimates

Revenue

Q2 2026$10.6BBeat by $8.5M
Q1 2026$12.3BBeat by $131.4MQ4 2025$11.3BBeat by $500.9MQ3 2025$10.4BBeat by $33.6MQ2 2025$11.0BBeat by $334.7MQ1 2025$11.7BBeat by $758.2M

Diluted EPS

Q2 2026$2.65Beat by $0.09
Q1 2026$3.50Beat by $0.11Q4 2025$3.00Beat by $0.13Q3 2025$2.77Beat by $0.06Q2 2025$2.85Beat by $0.03Q1 2025$3.41Beat by $0.45

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Questions, answered.

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 diluted 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 diluted 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.