QCOM · News · 20261105N
Gross Margin Drivers
QUALCOMM INC/DE · 2026-11-05 · Importance 36 · Surprise 40 · No source text
QCT's earnings-before-tax margin narrowed to 24% from 29% year over year. QCT revenue fell 8% to $9.0 billion as handset revenue dropped 26% to $5.14 billion. The report attributed handset weakness to higher memory costs and reduced modem demand, while describing margins as under pressure.
Key facts
- QCT EBT margin narrowed to 24% from 29%, while QCT revenue fell 8% to $9.0 billion. source
- Q4 fiscal 2026 QCT EBT margin was 24%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | negative | realized | -5.0% | QCT EBT margin narrowed to 24% from 29%, while QCT revenue fell 8% to $9.0 billion. |