Qualcomm — Jul 29, 2026 release

“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 $2,192 $2,671 (18%) $881 $942 (6%) EBT as % of revenues 26% 30% -4 points 69% 71% -2 points Qualcomm Announces Third Quarter Fiscal 2026 Results Page 2 of 8 QCT Revenue Streams 1 (in millions, except percentages) Q3 Fiscal 202