QUALCOMM (QCOM) — Q3 FY2026 Earnings Preview
Key Points
| Factor | Details |
|---|---|
| Consensus Revenue (Q3 FY26) | $9,667M (-10% YoY, -9% QoQ) |
| Guidance Revenue (Q3 FY26) | $9,200M–$10,000M |
| Consensus EPS (Q3 FY26, GAAP) | $1.40 |
| Guidance EPS (Q3 FY26, Non-GAAP) | $2.10–$2.30 |
| QCT Handset Revenue Guidance | ~$4,900M (bottoming in Q3, sequential growth expected in Q4) |
| QCT Automotive Guidance | ~+50% YoY growth in Q3; record Q2 ($1,326M, +38% YoY) |
| QCT IoT Guidance | High single-digit YoY growth expected |
| QTL Guidance | $1,150M–$1,350M revenue; EBT margin 67%–71% |
| Key Watch Items | Memory supply constraints, China Android bottoming, Apple share step-down, Data Center |
| Prior Year Q3 Actual Revenue | $10,366M (+10% YoY in Q3 FY25) |
| Prior Year Q3 Actual EPS (GAAP) | $2.43 |
