Short answer
Qualcomm (QCOM) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 28, 2026. Quarterly revenue was $9.9B (down 4.0% year over year) with net income of $2.0B.
Q2 2026 key financials · XBRL
- Revenue
- $9.9B
- −4.0% YoY · −6.2% QoQ
- Net income
- $2.0B
- −24.9% YoY · −72.8% QoQ
- Operating margin
- 16.3%
- EPS (diluted)
- $1.88
- −22.6% YoY · −72.6% QoQ
Source: XBRL data from the Qualcomm (QCOM) Q2 2026 10-Q on SEC EDGAR. USD.
Qualcomm Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $9.947B, down $418M or 4% YoY
- Gross margin 53% vs 56%; net income $2.0B, down 25% YoY
- Best line automotive revenue $1.588B, up $604M; worst handsets $5.086B, down $1.242B
- Cash, equivalents and securities $8.304B vs $12.478B; operating cash flow $8.405B, down $1.611B
- Capital deployment: $6.8B buybacks, $2.9B dividends, $1.6B capex and $1.6B acquisitions
- Outlook: memory constraints, supplier costs, tariffs and Apple modem insourcing pressure demand and margins
Risk Factors
- No material-change comparison provided; customer concentration remains significant, with Apple expected to increasingly use its own modems
- U.S./China trade risk: May 2024 Huawei export-license revocation eliminates expected future product revenue from Huawei
- Licensing compliance risk: Government investigations or legal rulings could restrict patent practices and materially reduce licensing revenues
- New-initiative execution risk: Automotive expansion faces long design cycles, stringent qualification, safety, and reliability requirements
- China cash-flow risk: Chinese capital-flow policies may delay or restrict receipt of customer and licensee payments
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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