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Qualcomm (QCOM) operating margin by quarter

Qualcomm's operating margin was 13.1% in Q4 FY26 (fourth quarter fiscal 2026), -3.2 pts from Q3 FY26. Over the last 6 quarters it ranged from 13.1% (Q4 FY26) to 28.4% (Q2 FY25).

Qualcomm operating margin by quarterQualcomm operating margin by quarter28.4%Q2 FY2526.6%Q3 FY2527.5%Q1 FY2621.8%Q2 FY2616.3%Q3 FY2613.1%Q4 FY26
QuarterOperating marginQ/QY/Y
Q4 FY2613.1%-3.2 pts—
Q3 FY2616.3%-5.4 pts-10.3 pts
Q2 FY2621.8%-5.7 pts-6.6 pts
Q1 FY2627.5%+0.8 pts—
Q3 FY2526.6%-1.8 pts—
Q2 FY2528.4%——

Q4 FY26 at a glance

Qualcomm, Q4 FY26: revenue $10.3B (-8% year over year), operating margin 13.1%, net earnings $1.3B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.

Questions

What is Qualcomm's operating margin?

Qualcomm's operating margin was 13.1% in Q4 FY26 (fourth quarter fiscal 2026), -3.2 pts from Q3 FY26.

How has Qualcomm's operating margin changed?

Over the last 6 quarters it ranged from 13.1% (Q4 FY26) to 28.4% (Q2 FY25).

Q4 FY26 results → · How Qualcomm makes money →