Qualcomm

QCOM · Information Technology · Market cap $160B

Q3 FY26 Mar 30 – Jun 28, 2026 reported Jul 29, 2026

Revenue$9.9B −4% year over year

Gross profit$5.3B

Operating profit$1.6B

Net profit$2B 20% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Jun 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	9.9	100%	−4%
QCT	8.5	86%
QTL	1.3	13%
Other Operating Segment	0.2	2%
Cost of revenue	−4.7	47%
Gross profit	5.3	53% margin	−3pp
Research & development	−2.7	26%	+5pp
SG&A	−1	10%	+2pp
Operating profit	1.6	16% margin	−10pp
Tax	−0.4
Net profit	2	20%	−6pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 29, 2026).
Item	Value	Share of revenue	Year over year
Revenue	10.6	100%	−3%
QCT	9.1	86%
QTL	1.4	13%
Other Operating Segment	0.1	1%
Cost of revenue	−4.9	46%
Gross profit	5.7	54% margin	−1pp
Research & development	−2.5	23%	+3pp
SG&A	−0.9	8%	+2pp
Operating profit	2.3	22% margin	−7pp
Net profit	7.4	70%	+44pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	12.3	100%	+5%
Qct	10.6	86%	+5%
Qtl	1.6	13%	+4%
Cost of revenue	−5.6	46%
Gross profit	6.7	55% margin	−1pp
Research & development	−2.4	20%	+1pp
SG&A	−0.9	7%	+1pp
Operating profit	3.4	27% margin	−3pp
Tax	−0.6
Net profit	3	25%	−3pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Sep 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11.3	100%	+10%
Qct	9.8	87%	+13%
Qtl	1.4	12%	−7%
Cost of revenue	−5	44%
Gross profit	6.2	55% margin	−1pp
Research & development	−2.4	21%	−1pp
SG&A	−0.9	8%	+1pp
Operating profit	2.9	26% margin	+1pp
Tax	−6
Net profit	-3.1	-28%	−56pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Mar 30 – Jun 28, 2026	Jul 29, 2026	$9.9B	−4%	16%	$2B	20%
Q2 FY26	Mar 29, 2026	Apr 29, 2026	$10.6B	−3%	22%	$7.4B	70%
Q1 FY26	Sep 29 – Dec 28, 2025	Feb 4, 2026	$12.3B	+5%	28%	$3B	25%
Q4 FY25	Jun 30 – Sep 28, 2025	Nov 5, 2025	$11.3B	+10%	26%	$-3.1B	-28%