Qualcomm Incorporated

Qualcomm Incorporated · Semiconductor (Mobile/Auto)

Wed, April 29, 2026·After Market Close

QualcommQCOMSemiconductorAutomotiveDatacenterEarnings

01Wall Street Consensus

EPS$2.55

Revenue$10.56B

EPS$2.65+3.9%

Revenue$10.6B+0.4%

After-Hours ReactionAH +9.5%

Adj EPS $2.65 — beat consensus $2.55 by +3.9%
Revenue $10.6B — in line with consensus $10.56B
QCT revenue $9.08B (-4% YoY) — Handsets $6.02B (-13%), Auto $1.33B (+38%), IoT $1.73B (+9%)
QTL revenue $1.38B (+5% YoY)
Q2 capital return $3.7B — buybacks $2.8B (19M shares) + dividends $945M
FY26 H1 cumulative buybacks $5.4B
**New $20B buyback authorization** — reaffirms shareholder return commitment
Q3 guide revenue $9.2-10.0B (below consensus $10.26B) — handset/memory environment weakness
Datacenter entry: custom silicon partnership with major hyperscaler progressing, **first shipment expected later this year**
Management: 'Rise of AI agents reshaping all platform roadmaps — excited about datacenter entry'

Detail

Actual EPS vs Consensus — Green Beat · Red Miss

Beat1

Miss1

Beat rate50%

Detail

Beat1Miss1Beat률 50%

분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출

컨센서스 대비 실제 EPS/매출 서프라이즈 (%)

02Earnings Results

EPS$2.65+3.9%

Revenue$10.6B+0.4%

After-Hours ReactionAH +9.5%

Adj EPS $2.65 — beat consensus $2.55 by +3.9%
Revenue $10.6B — in line with consensus $10.56B
QCT revenue $9.08B (-4% YoY) — Handsets $6.02B (-13%), Auto $1.33B (+38%), IoT $1.73B (+9%)
QTL revenue $1.38B (+5% YoY)
Q2 capital return $3.7B — buybacks $2.8B (19M shares) + dividends $945M
FY26 H1 cumulative buybacks $5.4B
**New $20B buyback authorization** — reaffirms shareholder return commitment
Q3 guide revenue $9.2-10.0B (below consensus $10.26B) — handset/memory environment weakness
Datacenter entry: custom silicon partnership with major hyperscaler progressing, **first shipment expected later this year**
Management: 'Rise of AI agents reshaping all platform roadmaps — excited about datacenter entry'