Qualcomm reported a web revenue of $3bn for the primary quarter of fiscal 2026 (Q1 FY26), a 6% lower from the $3.18bn recorded in the identical interval of the earlier 12 months.
Regardless of the decline in web revenue, the US-based semiconductor firm achieved revenues of $12.3bn for the reported quarter, ending 28 December 2025. This marks a 5% improve from the $11.7bn reported in Q1 fiscal 2025.
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The earnings per share (EPS) for Q1 FY26 had been $2.78 on a GAAP foundation, barely down from $2.83 within the earlier 12 months, whereas the non-GAAP EPS rose by 3% to $3.50 from $3.41.
The Qualcomm CDMA Applied sciences (QCT) section, a major contributor to the corporate’s income, reported a 5% improve, reaching $10.6bn. This progress was pushed by a 3% improve in handset gross sales, which totalled $7.8bn, and a considerable 15% rise within the automotive sector, which generated $1.1bn.
The Web of Issues (IoT) division additionally noticed a 9% improve in income, contributing $1.7bn to the whole.
Within the Qualcomm Expertise Licensing (QTL) section, revenues elevated by 4% to $1.6bn, with earnings earlier than taxes rising by 6% to $1.2bn.
Qualcomm stated that it returned $3.6bn to shareholders within the first quarter, which included $949 million in money dividends and $2.6bn by way of the repurchase of 15 million shares of widespread inventory.
For the second quarter of fiscal 2026, Qualcomm anticipates challenges equivalent to reminiscence provide constraints that would have an effect on demand from a number of handset clients. The corporate’s income steerage for Q2 is estimated between $10.2bn and $11.0bn, with QCT revenues projected between $8.8bn and $9.4bn, and QTL revenues between $1.2bn and $1.4bn.
Through the reported quarter, Qualcomm accomplished the beforehand introduced $2.4bn acquisition of Alphawave Semi, a transfer aimed toward increasing its presence within the information centre market. This acquisition aligns with Qualcomm’s broader technique to diversify its enterprise operations.
Moreover, Qualcomm acquired Ventana Micro Programs to strengthen its place within the RISC-V normal and ecosystem. The acquisition goals to bolster Qualcomm’s efforts within the RISC-V normal and ecosystem, whereas additionally enhancing its CPU capabilities by way of Ventana’s experience in RISC-V ISA growth.
Qualcomm stated that it continued to give attention to innovation throughout the first quarter, notably in AI and digital transformation. The interval noticed Bytedance launch the primary agentic AI smartphone powered by the Snapdragon 8 Elite platform.
On the Client Electronics Present (CES) held final month in Las Vegas, Qualcomm offered 18 Snapdragon-powered PCs in collaboration with companions together with Asus, HP, Lenovo, and Microsoft. The Asus Zenbook A16, geared up with the Snapdragon X2 Elite Excessive platform, was recognized because the quickest among the many Snapdragon-powered laptops.
Moreover, the corporate introduced its enlargement into superior robotics, introducing a collection of robotics applied sciences and options, together with the Qualcomm Dragonwing IQ10 Collection.
Qualcomm additionally began the 12 months 2026 by signing a Letter of Intent for a long-term provide settlement with Volkswagen Group and expanded collaborations with a number of automotive firms.
Qualcomm President and CEO Cristiano Amon stated: “We’re happy to ship sturdy quarterly outcomes, with file whole firm revenues.
“Our momentum throughout private, industrial and bodily AI is rising, as evidenced by current product bulletins at CES and buyer traction.
“Whereas our near-term handsets outlook is impacted by industry-wide reminiscence provide constraints, we’re inspired by end-consumer demand for premium and excessive tier smartphones, and stay on observe to attain our fiscal 2029 income objectives.”
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