Qualcomm FY26 Q3 GAAP EPS drops 23% to $1.87; revenue falls 4% to $9.95 billion - QCOM News | RalliesQualcomm FY26 Q3 GAAP EPS drops 23% to $1.87; revenue falls 4% to $9.95 billion
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QCOM• Qualcomm reports lower fiscal Q3 revenue and earnings
- Qualcomm fiscal Q3 revenue fell 4% to USD 9.95 billion; GAAP diluted EPS dropped 23% to USD 1.87.
- Net income slid 25% to USD 2 billion; QCT revenue eased 5% to USD 8.5 billion.
- Handsets revenue sank 20% to USD 5.09 billion, while automotive jumped 61% to USD 1.59 billion.
- Non-GAAP diluted EPS declined 20% to USD 2.21; CEO Cristiano Amon cited a “challenging memory and supply environment.”
- Q4 guidance calls for revenue of USD 9.7 billion-USD 10.5 billion, with GAAP diluted EPS of USD 1.22-USD 1.42.
