QUALCOMM Incorporated (QCOM) Earnings Call Transcripts

QUALCOMM Incorporated's Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal 2026, Qualcomm (QCOM) reported revenues of $9.9 billion and non-GAAP earnings per share (EPS) of $2.21, both at the high end of guidance. The company highlighted strong automotive growth, with QCT automotive revenues reaching $1.6 billion, a 61% increase year-over-year. Management raised their fiscal 2029 revenue target for non-handset segments to $40 billion, up from $22 billion, indicating confidence in diversification efforts despite short-term headwinds from memory prices and supply chain constraints.

Reported metrics

Guidance from management

Qualcomm expects Q4 revenues of $9.7 billion to $10.5 billion and non-GAAP EPS of $2.05 to $2.25, reflecting a cautious outlook due to lower anticipated Apple revenues.

What management said

Yes. So I think as we said, the revenue starts in the December quarter, and you should expect a ramp as we go through the year. As we've said this before, we have 2 custom chip engagements, and both of these are global scale hyperscalers and we're going to expect to start seeing revenue from both of them starting in the December quarter. As you know, the December quarter is right there. And so we do have POs from the...

Sure, Joe. So the way you should think about it is this is a pricing action that we are taking broadly across different end markets. As I said earlier, there are certain places where we have a contract or we are waiting for a product cycle to come through, so it will layer in over time. But it's no different than what a lot of the peers in our industry have done, and you should expect something that the scale of the ...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising memory prices on gross margins and the potential for ongoing supply chain constraints. There were also questions about how Qualcomm plans to navigate the handset market's challenges and the implications of reduced Apple revenue share.

Main topics on the call

• Automotive Revenue Growth — Qualcomm's automotive segment achieved record revenues of $1.6 billion, reflecting a 61% year-over-year growth. Management stated, "This agreement represents a material expansion of our automotive pipeline and establishe...
• Data Center Strategy — Qualcomm is entering the data center market with plans to generate $5 billion in revenue by fiscal 2027 and $15 billion by fiscal 2029. Management emphasized the importance of their upcoming high-bandwidth compute soluti...
• Guidance for Q4 FY2026 — For the fourth quarter, Qualcomm expects revenues between $9.7 billion and $10.5 billion, with non-GAAP EPS between $2.05 and $2.25. This reflects a cautious outlook due to anticipated declines in Apple product revenues,...
• Non-Handset Revenue Growth — Management highlighted that non-handset revenues are expected to grow significantly, projecting an acceleration from 24% in fiscal 2026 to over 60% in fiscal 2027. This reflects the success of their diversification strat...

Read the full QUALCOMM Incorporated transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 77 QUALCOMM Incorporated earnings call transcripts on record, spanning January 7, 2020 to July 29, 2026. Based on this history, QUALCOMM Incorporated reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

QCOM

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

77

First call

January 7, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly