Overview
Semiconductor firm's fiscal Q1 revenue slightly beat analysts' expectations
Adjusted EPS beat analysts' expectations
Company completed Alphawave Semi acquisition, expanding data center capabilities
Outlook
Qualcomm expects Q2 FY26 revenue between $10.2 bln and $11.0 bln
Company anticipates Q2 FY26 GAAP EPS of $1.69 to $1.89
Qualcomm forecasts Q2 FY26 non-GAAP EPS of $2.45 to $2.65
Result Drivers
RECORD REVENUES - Qualcomm achieved record total company and QCT revenues in Q1
AUTOMOTIVE GROWTH - QCT Automotive revenues exceeded $1 bln for the second consecutive quarter
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Slight Beat* | $12.25 bln | $12.21 bln (26 Analysts) |
Q1 Adjusted EPS | Beat | $3.50 | $3.41 (25 Analysts) |
Q1 EPS | $2.78 | ||
Q1 Net Income | $3.004 bln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 20 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Qualcomm Inc is $189.56, about 28.8% above its February 3 closing price of $147.18
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)