Qualcomm posts $10.6B fiscal Q2 revenue and guides Q3 to $9.2B to $10.0B

Qualcomm reported fiscal second-quarter revenue of $10.6 billion, down 3% from a year earlier, and non-GAAP EPS of $2.65 versus $2.85. Automotive revenue rose 38% to a record while handset revenue fell 13%. The company guided fiscal Q3 revenue to $9.2 billion to $10.0 billion and non-GAAP EPS to $2.10 to $2.30, and said a leading hyperscaler custom-silicon engagement is on track for initial shipments later in 2026.

• Revenue $10,599M, down 3% year over year; non-GAAP EPS $2.65 vs $2.85
• Handsets $6,024M (-13%); automotive $1,326M (+38%)
• QCT $9,076M (-4%); QTL $1,382M (+5%)
• Q3 guidance: revenue $9.2B to $10.0B; non-GAAP EPS $2.10 to $2.30
• First-half buybacks $5.4B; new $20B authorization announced

SEC filing 8-K · accession 0000804328-26-000060 · sec.gov ↗