QCOM · 8-K · 20260729PR000085
Guidance / Outlook
QUALCOMM INC/DE · 2026-07-29 · Importance 90 · Surprise 84 · Contradicted
Qualcomm forecast fourth-quarter fiscal 2026 revenue of $9.7 billion to $10.5 billion. The guidance includes QCT revenue of $8.4 billion to $9.0 billion and QTL revenue of $1.2 billion to $1.4 billion. GAAP diluted EPS is expected to be $1.22 to $1.42, while non-GAAP diluted EPS is expected to be $2.05 to $2.25. Management said non-handset revenue growth is expected to accelerate from 24% in fiscal 2026 to more than 60% in fiscal 2027, with total non-handset revenue targeted at $40 billion by fiscal 2029.
Key facts
- Qualcomm expects total non-handset revenues to grow to $40 billion by fiscal 2029 source
- Q4 FY26 Revenues guidance: $9.7 billion to $10.5 billion source
- Q4 FY26 QCT revenues guidance: $8.4 billion to $9.0 billion source
- Qualcomm expects 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 source
- Q4 FY26 QTL revenues guidance: $1.2 billion to $1.4 billion source
- Q4 FY26 GAAP diluted EPS guidance: $1.22 to $1.42 source
- Q4 FY26 Non-GAAP diluted EPS guidance: $2.05 to $2.25 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +74.3% | Q4 FY26 QCT revenues guidance: $8.4 billion to $9.0 billion |
| revenue | positive | committed | +11.1% | Q4 FY26 QTL revenues guidance: $1.2 billion to $1.4 billion |
| revenue | positive | probable | — | Qualcomm expects total non-handset revenues to grow to $40 billion by fiscal 2029 |
| revenue | positive | committed | — | Q4 FY26 Revenues guidance: $9.7 billion to $10.5 billion |
| revenue | positive | probable | — | Qualcomm expects year-over-year growth in non-handset revenues, including Data Center, to accelerate from 24% in fiscal 2026 to greater… |
| net_income | unclear | committed | — | Q4 FY26 GAAP diluted EPS guidance: $1.22 to $1.42 |
| net_income | unclear | committed | — | Q4 FY26 Non-GAAP diluted EPS guidance: $2.05 to $2.25 |