earnings
confidence high
sentiment neutral
materiality 0.75
Qualcomm Q1 FY2026: Record $12.3B revenue; Non-GAAP EPS $3.50 +3% YoY; buys Alphawave Semi
QUALCOMM INC/DE
2026-Q1 EPS reported
$2.78
revenue$12,252,000,000
- Record total revenues $12.25B (+5% YoY); record QCT revenues and QCT auto revenues >$1B for 2nd straight quarter.
- GAAP diluted EPS $2.78 (-2% YoY); Non-GAAP diluted EPS $3.50 (+3% YoY).
- Completed acquisition of Alphawave Semi to expand data center chip portfolio.
- CEO: strong AI momentum offset by memory supply constraints; FY2029 revenue goals on track.