QUALCOMM Quarterly Income Statement
NASDAQ: QCOMTechnologyRadio And Television Broadcasting And Communications EquipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
QUALCOMM revenue and earnings
In the quarter ended Jun 28, 2026, QUALCOMM generated $9.95 billion in revenue, down 4.0% from the same quarter a year earlier. Net income was $2.00 billion (-24.9% year over year), for a net margin of 20.1% versus a median of 25.6% in the prior 5 quarters. Gross margin was 53.1% (down from 55.6%) and operating margin 16.3%.
Diluted earnings per share came in at $1.87, down from $2.43.
Summary generated from market data by MetaCap's automated system. Methodology
QUALCOMM income statement (quarterly)
| Quarter (USD) | Q3 20262026-06-28 | Q2 20262026-03-29 | Q1 20262025-12-28 | Q4 20252025-09-28 | Q3 20252025-06-29 | Q2 20252025-03-30 | Q1 20252024-12-29 | Q4 20242024-09-29 | Q3 20242024-06-23 | Q2 20242024-03-24 | Q1 20242023-12-24 | Q4 20232023-09-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.95B | 10.60B | 12.25B | 11.27B | 10.37B | 10.98B | 11.67B | 10.24B | 9.39B | 9.39B | 9.94B | 8.63B |
| Revenue growth (YoY) | -4.03% | -3.46% | +5.00% | +10.03% | +10.35% | +16.93% | +17.45% | +18.69% | +11.15% | +1.23% | +4.99% | -24.26% |
| Cost of Revenue | 4.67B | 4.90B | 5.57B | 5.03B | 4.61B | 4.94B | 5.16B | 4.47B | 4.17B | 4.11B | 4.31B | 3.88B |
| Gross Profit | 5.28B | 5.70B | 6.68B | 6.24B | 5.76B | 6.04B | 6.51B | 5.78B | 5.22B | 5.28B | 5.62B | 4.75B |
| Operating Expenses | 3.65B | 3.39B | 3.32B | 3.32B | 3.00B | 2.92B | 2.95B | 3.19B | 3.00B | 2.94B | 2.69B | 3.34B |
| Research & Development | 2.61B | 2.46B | 2.45B | 2.37B | 2.23B | 2.22B | 2.23B | 2.30B | 2.26B | 2.24B | 2.10B | 2.13B |
| Selling, General & Admin | 976.00M | 898.00M | 865.00M | 910.00M | 771.00M | 706.00M | 723.00M | 761.00M | 664.00M | 707.00M | 627.00M | 629.00M |
| Operating Income | 1.63B | 2.31B | 3.37B | 2.92B | 2.76B | 3.12B | 3.56B | 2.58B | 2.22B | 2.34B | 2.93B | 1.41B |
| Interest Expense | 178.00M | 171.00M | 169.00M | 171.00M | 168.00M | 163.00M | 163.00M | 180.00M | 168.00M | 172.00M | 178.00M | 173.00M |
| Other Income (Expense) | 1.01B | 94.00M | 350.00M | 224.00M | 358.00M | 148.00M | 243.00M | 194.00M | 226.00M | 330.00M | 212.00M | 183.00M |
| Pretax Income | 2.46B | 2.23B | 3.55B | 2.97B | 2.95B | 3.10B | 3.63B | 2.60B | 2.28B | 2.50B | 2.96B | 1.42B |
| Income Tax | 460.00M | -5.14B | 543.00M | 6.09B | 286.00M | 293.00M | 455.00M | -319.00M | 171.00M | 223.00M | 151.00M | -209.00M |
| Net Income | 2.00B | 7.37B | 3.00B | -3.12B | 2.67B | 2.81B | 3.18B | 2.92B | 2.13B | 2.33B | 2.77B | 1.49B |
| Net Income growth (YoY) | -24.91% | +162.09% | -5.53% | -206.75% | +25.22% | +20.89% | +14.93% | +95.97% | +18.08% | +36.50% | +23.80% | -48.14% |
| EPS (Basic) | 1.89 | 6.92 | 2.81 | -2.80 | 2.44 | 2.55 | 2.86 | 2.62 | 1.91 | 2.08 | 2.48 | 1.33 |
| EPS (Diluted) | 1.87 | 6.88 | 2.78 | -2.77 | 2.43 | 2.52 | 2.83 | 2.57 | 1.88 | 2.06 | 2.46 | 1.32 |
| Shares Outstanding (Basic) | 1.06B | 1.07B | 1.07B | — | 1.09B | 1.10B | 1.11B | — | 1.12B | 1.12B | 1.12B | — |
| Shares Outstanding (Diluted) | 1.07B | 1.07B | 1.08B | — | 1.10B | 1.11B | 1.12B | — | 1.13B | 1.13B | 1.13B | — |
| EBITDA | 2.02B | 2.72B | 3.76B | 3.29B | 3.16B | 3.52B | 3.99B | 3.02B | 2.64B | 2.75B | 3.37B | 1.87B |
| Gross Margin | 53.05% | 53.77% | 54.55% | 55.34% | 55.56% | 55.03% | 55.77% | 56.39% | 55.56% | 56.27% | 56.60% | 55.05% |
| Operating Margin | 16.35% | 21.79% | 27.47% | 25.89% | 26.65% | 28.42% | 30.47% | 25.20% | 23.65% | 24.92% | 29.47% | 16.34% |
| Net Margin | 20.13% | 69.53% | 24.52% | -27.66% | 25.72% | 25.61% | 27.25% | 28.50% | 22.67% | 24.77% | 27.85% | 17.26% |
This table shows 12 quarterly periods of QUALCOMM's income statement, from Q3 2026 back to Q4 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow QCOM's reporting calendar. What is a income statement?