Filing Flows › Qualcomm (QCOM) › Q1 FY26
Qualcomm (QCOM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Qualcomm (QCOM) reported revenue of $12.3B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +9% from the quarter before. Operating margin was 27.5%, net earnings $3.0B (24.5% of revenue).
Qualcomm, Q1 FY26: revenue $12.3B (+5% year over year), operating margin 27.5%, net earnings $3.0B, operating cash flow $5.0B. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3B | +9% | +5% |
| Operating profit | $3.4B | +15% | -5% |
| Net earnings | $3.0B | — | -6% |
| Operating cash flow | $5.0B | +24% | +8% |
| Free cash flow | $4.4B | +23% | +2% |
What changed
Revenue was $12.3B in Q1 FY26, up 5% year over year and up 9% from the previous quarter.
Operating profit was $3.4B, a 27.5% margin (down 3.0 points year over year). Operating profit fell $0.19B even though revenue rose $0.58B versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 5%. The fastest-growing cost line was SG&A (+20%). Net earnings were $3.0B, down 6% year over year. The effective tax rate was 15.3%.
Operating cash flow was $5.0B (up 8% year over year), 165% of net earnings. Non-cash charges added back $0.39B of depreciation and amortization and $0.89B of share-based compensation. Working capital and other items added $0.68B. Capital expenditures of $0.55B left free cash flow of $4.4B.
Questions
What was Qualcomm's revenue in the first quarter fiscal 2026?
Qualcomm (QCOM) reported revenue of $12.3B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +9% from the quarter before.
Was Qualcomm profitable in the first quarter fiscal 2026?
Operating profit was $3.4B (27.5% of revenue) and net earnings $3.0B.
Source: Qualcomm 10-Q on SEC EDGAR.