QCOM · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
QUALCOMM INC/DE · 2026-07-29 · Importance 49 · Surprise 32 · In source text
Third-quarter fiscal 2026 revenue was $9.947 billion, down $418 million, or 4%, from $10.365 billion in the year-ago quarter. QCT revenue declined $489 million, or 5%, to $8.504 billion, while QTL licensing revenue declined $40 million, or 3%, to $1.278 billion. QCT handset revenue fell $1.242 billion, or 20%, to $5.086 billion, partially offset by automotive revenue growth to $1.588 billion and IoT revenue growth to $1.830 billion. First-nine-month revenue decreased $215 million to $32.798 billion, as QCT and prior-period licensing settlement declines exceeded $182 million of incremental Data Center revenue from Alphawave and $80 million of higher QTL revenue.
Key facts
- QCT handset revenues for the three months ended June 28, 2026 were $5,086 million compared to $6,328 million in the year ago quarter. source
- QCT EBT for the three months ended June 28, 2026 was $2,192 million compared to $2,671 million in the year ago quarter. source
- QCT IoT revenues for the three months ended June 28, 2026 were $1,830 million compared to $1,681 million in the year ago quarter. source
- Equipment and services revenues for the three months ended June 28, 2026 were $8,475 million compared to $8,893 million in the year ago quarter. source
- Licensing revenues for the three months ended June 28, 2026 were $1,472 million, unchanged from the year ago quarter. source
- QCT total revenues for the three months ended June 28, 2026 were $8,504 million compared to $8,993 million in the year ago quarter. source
- Revenues for the third quarter of fiscal 2026 were $9.9 billion, a decrease of 4% compared to the year ago quarter. source
- QCT revenues decreased by 5% in the third quarter of fiscal 2026 compared to the year ago quarter due to lower handset revenues, partially offset by higher automotive and IoT revenues. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -12.5% | QCT handset revenues for the three months ended June 28, 2026 were $5,086 million compared to $6,328 million in the year ago quarter. |
| revenue | negative | realized | -4.9% | QCT total revenues for the three months ended June 28, 2026 were $8,504 million compared to $8,993 million in the year ago quarter. |
| operating_income | negative | realized | -4.8% | QCT EBT for the three months ended June 28, 2026 was $2,192 million compared to $2,671 million in the year ago quarter. |
| revenue | negative | realized | -4.2% | Equipment and services revenues for the three months ended June 28, 2026 were $8,475 million compared to $8,893 million in the year ago… |
| revenue | positive | realized | +1.5% | QCT IoT revenues for the three months ended June 28, 2026 were $1,830 million compared to $1,681 million in the year ago quarter. |
| revenue | unclear | realized | 0.0% | Licensing revenues for the three months ended June 28, 2026 were $1,472 million, unchanged from the year ago quarter. |