Qualcomm Q2 FY26: where the revenue came from and where it went
The whole income statement of Qualcomm for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Dec 29, 2025 – Mar 29, 2026
- Reported
- Apr 29, 2026
Revenue$10.60B
−3% year over year
Gross profit$5.70B
54% margin
Operating profit$2.31B
22% margin
Net profit$7.37B
70% margin
Net profit is larger than what operations earned, because the statement adds $5.14B below it, under Tax benefit.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 10.60 | 100% | −3% |
| QCT | 9.08 | 86% | |
| QTL | 1.38 | 13% | |
| Other operating | 0.14 | 1% | |
| Cost of revenue | −4.90 | 46% | |
| Gross profit | 5.70 | 54% margin | −1pp |
| R&D | −2.46 | 23% | +3pp |
| SG&A | −0.90 | 9% | +2pp |
| Other | −0.03 | 0% | +0pp |
| Operating profit | 2.31 | 22% margin | −7pp |
| Interest & other costs | −0.08 | ||
| Tax benefit | 5.14 | ||
| Net profit | 7.37 | 70% margin | +44pp |
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