Qualcomm (QCOM) Q3 FY2026 Earnings Overview: Soft $2.15 EPS Outlook Triggers a 2.62% Decline
Qualcomm's Q3 FY2026 results beat revenue expectations but slightly missed adjusted EPS, while Q4 non-GAAP EPS guidance came in below consensus, driving a 2.62% post-earnings decline. Strong automotive (up 61%) and IoT growth only partially offset a 20% handset revenue drop and margin pressure from input-cost inflation. Near-term focus shifts to handset demand recovery, pricing pass-through, and reduced Apple modem share impacting QCT profitability.
AI Insight · NCSKQCOM2USD/USDTAI Insight
▼ Bearish
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Qualcomm reported Q3 FY2026 revenue of $9.947 billion and non-GAAP EPS of $2.21, with automotive and IoT growth offsetting a sharp handset decline. This earnings analysis reviews segments, Q4 guidance, the 2.62% post-earnings stock fall and verified technical levels for August 2026.