QCOM · 10-K · 2026A · Full report
Gross Margin Drivers
QUALCOMM INC/DE · 2026-11-04 · Importance 25 · Surprise 32 · In source text
Gross margin percentage decreased in fiscal 2026 primarily because QCT gross margin percentage declined. QCT’s lower gross margin was primarily driven by higher product cost, partially offset by higher average selling prices. The company reported cost of revenues of $20.222 billion in fiscal 2026, compared with $19.738 billion in fiscal 2025.
Key facts
- QUALCOMM INC/DE is taking actions to increase product pricing in response to higher costs and expects the full benefit to be reflected in gross margins in the second half of fiscal 2027. source
- QUALCOMM INC/DE's gross margin percentage decreased in fiscal 2026 primarily due to a decrease in QCT gross margin percentage. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | probable | — | QUALCOMM INC/DE is taking actions to increase product pricing in response to higher costs and expects the full benefit to be reflected in… |