Filing Flows › Qualcomm (QCOM) › Q2 FY26
Qualcomm (QCOM) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 29, 2026
Qualcomm (QCOM) reported revenue of $10.6B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and -13% from the quarter before. Operating margin was 21.8%, net earnings $7.4B (69.5% of revenue).
Qualcomm, Q2 FY26: revenue $10.6B (-4% year over year), operating margin 21.8%, net earnings $7.4B, operating cash flow $2.4B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6B | -13% | -3% |
| Operating profit | $2.3B | -31% | -26% |
| Net earnings | $7.4B | +145% | +162% |
| Operating cash flow | $2.4B | -51% | -4% |
| Free cash flow | $1.9B | -57% | -18% |
What changed
Revenue was $10.6B in Q2 FY26, down 3% year over year and down 13% from the previous quarter.
Operating profit was $2.3B, a 21.8% margin (down 6.6 points year over year). Total costs grew 5% against a revenue fall of 3%. The fastest-growing cost line was SG&A (+27%). Net earnings were $7.4B, up 162% year over year. The tax line was a benefit of $5.1B on pre-tax earnings of $2.2B.
Operating cash flow was $2.4B (down 4% year over year), 33% of net earnings. Non-cash charges added back $0.41B of depreciation and amortization and $0.86B of share-based compensation. Working capital and other items used $6.2B. Capital expenditures of $0.53B left free cash flow of $1.9B.
Questions
What was Qualcomm's revenue in the second quarter fiscal 2026?
Qualcomm (QCOM) reported revenue of $10.6B for the second quarter fiscal 2026 (Q2 FY26), -3% from a year earlier and -13% from the quarter before.
Was Qualcomm profitable in the second quarter fiscal 2026?
Operating profit was $2.3B (21.8% of revenue) and net earnings $7.4B.
Source: Qualcomm 10-Q on SEC EDGAR.