QCOM Q3 FY2026 earnings: EPS missed by 0.5%, revenue beat by 2.6%
Qualcomm reported Q3 FY2026. EPS came in at $2.21 against a $2.22 consensus, missed by 0.5%. Revenue was $9.9B versus $9.7B expected, beat by 2.6%. Gross margin was 53.1%, down 70 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $2.21 | $2.22 | missed by 0.5% |
| Revenue | $9.9B | $9.7B | beat by 2.6% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $9.9B | -6.2% | -4.0% |
| Gross profit | $5.3B | -7.4% | -8.4% |
| Operating income | $1.6B | -29.6% | -41.1% |
| Net income | $2.0B | -72.8% | -24.9% |
| Diluted EPS | $1.87 | -72.8% | -23.0% |
| Gross margin: 53.1%. |
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The trend
Revenue is down 4.0% from the same quarter last year. Gross margin sits at 53.1%, 330 bps off its 8-quarter high.
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How it stacks up
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