Qualcomm posts record $12.3 billion Q1 revenue; GAAP EPS falls 2% to $2.78
Qualcomm reported record first-quarter fiscal 2026 revenue of $12.3 billion, up 5%, but GAAP diluted EPS fell 2% to $2.78, while non-GAAP EPS rose 3% to $3.50. The company guided second-quarter revenue to $10.2 billion to $11.0 billion, citing the impact of memory supply constraints on handset customers' demand, which signals a lower near-term outlook for shareholders.
Key points
- Q1 fiscal 2026 revenues were $12,252 million, up 5% from $11,669 million a year earlier; QCT automotive revenue rose 15% to $1,101 million.
- GAAP diluted EPS was $2.78 versus $2.83 a year earlier; non-GAAP diluted EPS was $3.50 versus $3.41.
- Q2 fiscal 2026 guidance: revenues of $10.2 billion to $11.0 billion and non-GAAP diluted EPS of $2.45 to $2.65, including the estimated impact of memory supply constraints.
- During the quarter, the company returned $3.6 billion to stockholders, including $2.6 billion of share repurchases of 15 million shares.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.