Qualcomm reported record revenues of USD 12.25 billion for the first quarter (Q1) of fiscal 2026, reflecting a 5% increase. GAAP earnings per share $(EPS)$ for the period were USD 2.78, while non-GAAP EPS stood at USD 3.50. The company achieved record quarterly revenues for both total company and its QCT segment, with QCT Automotive revenues exceeding USD 1 billion for the second consecutive quarter. Qualcomm completed the acquisition of Alphawave Semi during the quarter, supporting its expansion into data centers. The company highlighted growing momentum across personal, industrial, and physical AI, and noted continued strong demand for premium and high-tier smartphones despite industry-wide memory supply constraints. For the second quarter (Q2) of fiscal 2026, Qualcomm provided revenue guidance of USD 10.2 billion to USD 11 billion, with QCT revenues expected between USD 8.8 billion and USD 9.4 billion, QTL revenues between USD 1.2 billion and USD 1.4 billion, and GAAP diluted EPS projected to range from USD 1.69 to USD 1.89.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Qualcomm Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000804328-26-000016), on February 04, 2026, and is solely responsible for the information contained therein.