QCOM · 8-K · 20261104PR000127

Gross Margin Drivers

QUALCOMM INC/DE · 2026-11-04 · Importance 31 · Surprise 32

Fiscal 2026 cost of revenues increased 2% to $20.222 billion while GAAP revenue declined 3% to $43.120 billion. Q4 cost of revenues was $5.084 billion, up from $5.033 billion, as revenue declined 8% to $10.322 billion. Qualcomm said higher wafer fabrication, assembly, test, advanced packaging, memory and materials costs were prompting product-pricing actions, with the full expected benefit to QCT gross margins in the second half of fiscal 2027.

Key facts