• Qualcomm fiscal Q2 2026 earnings call on April 29 featured prepared remarks from CEO Cristiano Amon and CFO/COO Akash Palkhiwala, with SVP IR Brett Simpson moderating; SVP/GM Alex Rogers joined Q&A with analysts from TD Cowen, JPMorgan, Wolfe Research, Bernstein, UBS, Morgan Stanley, Deutsche Bank, and BofA.
• Quarter results showed revenue of USD 10.6 billion, non-GAAP EPS of USD 2.65; QCT revenue reached USD 9.1 billion, QTL revenue totaled USD 1.4 billion.
• Guidance for fiscal Q3 called for revenue of USD 9.2-10 billion, non-GAAP EPS of USD 2.1-2.3; QCT handset revenue seen at about USD 4.9 billion on memory-driven OEM build cuts and channel inventory drawdowns.
• Management projected China QCT Android handset revenue bottoms in fiscal Q3, citing visibility into handset sell-through from licensing data and expectation inventory drawdown impact fades in following quarter.
• Data center strategy highlighted custom silicon ramp with a leading hyperscaler, with initial shipments expected in December quarter; CFO flagged custom engagement as accretive at operating margin level.
• Automotive business posted record USD 1.3 billion revenue, up 38% year over year; CFO forecast about 50% growth in fiscal Q3.
• CEO reiterated Samsung premium smartphone framework at greater than 70% Snapdragon share for this year and next; CFO maintained Apple assumption of 20% share of phones launching in fall with no product relationship beyond that.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Qualcomm Inc. published the original content used to generate this news brief on May 01, 2026, and is solely responsible for the information contained therein.