QCOM · 10-K · 2026A · Full report

Revenue Performance and Mix

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

Fiscal 2026 revenue was $43.120 billion, down 3% ($1.164 billion) from $44.284 billion in fiscal 2025; equipment and services revenue fell $974 million to $36.895 billion, while licensing revenue declined $190 million to $6.225 billion. QCT revenue decreased 3% to $37.208 billion, as handset revenue fell $3.721 billion to $24.072 billion, partly offset by automotive revenue growth of $2.047 billion to $6.004 billion and higher IoT revenue of $515 million to $7.132 billion. QTL licensing revenue was $5.556 billion, down $26 million, with a $194 million decrease in estimated cellular product sales and a $238 million increase in revenue per unit driven primarily by mix. Data Center equipment and services revenue increased $235 million, primarily following the Alphawave acquisition.

Key facts

• QUALCOMM INC/DE fiscal 2026 revenues were $43.1 billion, down 3% from $44.3 billion in fiscal 2025; net income was $13.6 billion, up 146% from $5.5 billion. source
• QUALCOMM INC/DE recorded $235 million of higher equipment and services revenues from its Data Center business, primarily driven by its acquisition of Alphawave in the first quarter of fiscal 2026. source
• QUALCOMM INC/DE's QCT revenues decreased 3% in fiscal 2026, due to lower handset revenues partially offset by higher automotive and IoT revenues. source
• QUALCOMM INC/DE's QTL revenues remained approximately flat in fiscal 2026 compared with fiscal 2025. source

Impact estimates