Qualcomm Q4 revenue beats expectations

QUALCOMM Incorporated

04/11/2026 21:13

Overview
US chipmaker's fiscal Q4 revenue beat analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company achieved record QCT automotive revenue, up 89% yr/yr

Outlook
Qualcomm expects Q1 FY27 revenue between $10.4 bln and $11.2 bln
Company projects Q1 FY27 QCT revenue of $9.0 bln to $9.6 bln
Qualcomm anticipates full benefit of higher product pricing in QCT gross margins in H2 FY27

Result Drivers
HANDSET REVENUE DECLINE - QCT handset revenue fell 26% yr/yr in Q4, weighing on overall segment performance
AUTOMOTIVE GROWTH - QCT automotive revenue reached a record $2 bln in Q4, up 89% yr/yr

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$10.44 bln
$10.11 bln (24 Analysts)
Q4 Adjusted EPS
Beat
$2.17
$2.16 (25 Analysts)
Q4 EPS
 
$1.17
 
Q4 Net Income
 
$1.25 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 14 "strong buy" or "buy", 23 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for QUALCOMM Incorporated is $180.00, about 9.5% above its November 3 closing price of $164.43
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

Reuters Recommended Reads
Nov 4 - Qualcomm forecasts upbeat sales on strength in non-smartphone segments
Nov 4 - Arm beats second-quarter revenue estimates on AI and data-center demand 
Nov 4 - AMD forecast eases AI spending fears as data-center sales surge

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)