Qualcomm Fiscal Year 2026 Q3 Results:
Revenue of $9.947 billion, down 4% year-over-year; adjusted EPS of $2.21, down 20% year-over-year.
Cristiano Amon, President and Chief Executive Officer of Qualcomm, stated:
“Despite challenging memory and supply conditions, our third-quarter results reflect strong execution of our growth strategy, with revenue coming in at the high end of our guidance range. We are well positioned to execute on the vision outlined during our recent Investor Day—non-handset revenue is projected to reach $40 billion by fiscal year 2029, nearly double the target we set in November 2024. In the near term, we expect year-over-year growth in non-handset revenue (including data centers) to accelerate from 24% in fiscal year 2026 to over 60% in fiscal year 2027—a significant inflection point in the execution of our growth strategy.”
Capital Expenditures:
Capital expenditures totaled $1.58 billion for the first nine months of the fiscal year.
Q4 Outlook
Editor/Liam