Filing Flows › Qualcomm (QCOM) › Q3 FY26 › vs Q3 FY25
Qualcomm (QCOM) Q3 FY26 vs Q3 FY25 (year over year)
Qualcomm's revenue fell $418M (-4%) from $10.4B in Q3 FY25 to $9.9B in Q3 FY26. Operating margin 16.3% against 26.6% (-10.3 pts).
Qualcomm, Q3 FY26: revenue $9.9B (-4% year over year), operating margin 16.3%, net earnings $2.0B, operating cash flow $991M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 16.3% | 26.6% | -10.3 pts |
| Net margin | 20.1% | 25.7% | -5.6 pts |
| Free cash flow margin | 5.0% | 24.9% | -19.9 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $9.9B | $10.4B | −$418M | -4% |
| Other income, net | $836M | $190M | $646M | +340% |
| Operating profit | $1.6B | $2.8B | −$1.1B | -41% |
| Costs & expenses | $8.3B | $7.6B | $718M | +9% |
| Pre-tax earnings | $2.5B | $3.0B | −$490M | -17% |
| Cost of revenue | $4.7B | $4.6B | $64.0M | +1% |
| Research & development | $2.6B | $2.2B | $381M | +17% |
| SG&A | $976M | $771M | $205M | +27% |
| Net earnings | $2.0B | $2.7B | −$664M | -25% |
| Income tax | $460M | $286M | $174M | +61% |
| Operating cash sources | $3.2B | $3.7B | −$495M | -13% |
| Depreciation & amortization | $396M | $398M | −$2.0M | -0.5% |
| Share-based compensation | $830M | $659M | $171M | +26% |
| Working capital & other | $2.2B | $848M | $1.4B | +164% |
| Operating cash flow | $991M | $2.9B | −$1.9B | -66% |
| Free cash flow (OCF − capex) | $495M | $2.6B | −$2.1B | -81% |
| Capital expenditures | $496M | $294M | $202M | +69% |
Questions
How much did Qualcomm's revenue grow year over year in Q3 FY26?
Qualcomm's revenue fell $418M (-4%) from $10.4B in Q3 FY25 to $9.9B in Q3 FY26. Operating margin 16.3% against 26.6% (-10.3 pts).