secwatch.observer — SEC 8-K summary
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Issuer:     QUALCOMM INC/DE (QCOM)
CIK:        0000804328
Form:       8-K
Filed at:   2026-07-29T20:01:35+00:00
Accession:  0000804328-26-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qualcomm Q3 revenue $9.9B, EPS down 23% YoY; acquires Modular Inc for AI
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- Revenue $9.9B, down 4% YoY; GAAP EPS $1.87 (down 23%), Non-GAAP EPS $2.21 (down 20%).
- QCT Automotive and IoT revenues grew 28% YoY; Automotive marks 23rd consecutive quarter of double-digit YoY growth.
- Completed acquisition of Modular Inc to create open software foundation for generative and agentic AI.
- CEO expects non-handset revenues to grow to $40B by fiscal 2029, with acceleration from 24% to >60% growth in FY2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/804328/000080432826000085/0000804328-26-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/804328/000080432826000085/qcom-20260729.htm
  HTML page:      https://secwatch.observer/filing/0000804328-26-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer