Short answer

Qualcomm (QCOM) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 29, 2026. Quarterly revenue was $10.6B (down 3.5% year over year) with net income of $7.4B.

Q1 2026 key financials · XBRL

Revenue: $10.6B; −3.5% YoY · −13.5% QoQ
Net income: $7.4B; +162.1% YoY · +145.4% QoQ
Operating margin: 21.8%
EPS (diluted): $6.87; +171.5% YoY · +147.1% QoQ

Source: XBRL data from the Qualcomm (QCOM) Q1 2026 10-Q on SEC EDGAR. USD.

Qualcomm Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Q2 revenue $10.599B, down $380M or 3% YoY; net income $7.4B, up 162% YoY
Gross margin 54% vs 55% YoY; effective tax rate (230%) vs 9% after $5.7B valuation-allowance benefit
Best segment QTL: revenue $1.382B, up $63M; EBT margin 72% vs 70% YoY
Worst product line handsets: QCT revenue $6.024B, down $905M; QCT EBT margin 27% vs 30% YoY
Operating cash flow $7.414B; $5.4B share repurchases, $1.9B dividends, and $1.2B acquisitions and investments in six months
Near-term headwinds: memory constraints, tariffs, wafer-cost increases, competition, and expected Apple modem insourcing

Risk Factors

No newly triggered risk identified; filing presents the existing Risk Factors Summary without quarter-specific additions
Customer concentration: Apple’s increasing modem self-supply expected to significantly reduce QCT revenue, results of operations and cash flows
Regulatory risk: May 2024 U.S. export-license revocation for Huawei eliminated expected future product revenue from the customer
Market risk: Premium-tier handset declines or share shifts could reduce Qualcomm’s higher-margin product revenue
China concentration: Government fund-flow controls may delay or restrict customer and licensee payments to Qualcomm

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other Qualcomm quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.

Start free