Qualcomm — Jul 29, 2026 release

“Despite a challenging memory and supply environment, our third quarter results reflect solid execution of our growth strategy, with quarterly revenues at the high end of guidance,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “We are well positioned to execute on the vision we outlined at our recent Investor Day, with total non-handset revenues growing to $40 billion by fiscal 2029 – nearly double the target we shared in November 2024. In the near term, we expect year-over-year growth in non-handset revenues, including Data Center, to accelerate from 24% in fiscal 2026 to greater than 60% in fiscal 2027 – a significant inflection point in the execution of our growth strategy.” Third Quarter Results 1 GAAP Non-GAAP (in millions, except per share data and percentages) Q3 Fiscal 2026 Q3 Fiscal 2025 Change Q3 Fiscal 2026 Q3 Fiscal 2025 Change Revenues $9,947 $10,365 (4%) $9,947 $10,365 (4%) Earnings before taxes (EBT) $2,462 $2,952 (17%) $2,693 $3,544 (24%) Net income $2,002 $2,666 (25%) $2,356 $3,040 (23%) Diluted earnings per share (EPS) $1.87 $2.43 (23%) $2.21 $2.77 (20%) (1) Discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included at the end of this news release in the sections labeled “Note Regarding Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP Results to Non-GAAP Results.” Segment Results QCT QTL (in millions, except percentages) Q3 Fiscal 2026 Q3 Fiscal 2025 Change Q3 Fiscal 2026 Q3 Fiscal 2025 Change Revenues $8,504 $8,993 (5%) $1,278 $1,318 (3%) EBT