Filing Flows › Qualcomm (QCOM) › Q3 FY26
Qualcomm (QCOM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 29, 2026
Qualcomm (QCOM) reported revenue of $9.9B for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and -6% from the quarter before. Operating margin was 16.3%, net earnings $2.0B (20.1% of revenue).
Qualcomm, Q3 FY26: revenue $9.9B (-4% year over year), operating margin 16.3%, net earnings $2.0B, operating cash flow $991M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9B | -6% | -4% |
| Operating profit | $1.6B | -30% | -41% |
| Net earnings | $2.0B | -73% | -25% |
| Operating cash flow | $991M | -60% | -66% |
| Free cash flow | $495M | -74% | -81% |
What changed
Revenue was $9.9B in Q3 FY26, down 4% year over year and down 6% from the previous quarter.
Operating profit was $1.6B, a 16.3% margin (down 10.3 points year over year). Total costs grew 9% against a revenue fall of 4%. The fastest-growing cost line was SG&A (+27%). Net earnings were $2.0B, down 25% year over year. The effective tax rate was 18.7%. Non-operating items added $0.84B, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.0B (down 66% year over year), 50% of net earnings. Non-cash charges added back $0.40B of depreciation and amortization and $0.83B of share-based compensation. Working capital and other items used $2.2B. Capital expenditures of $0.50B left free cash flow of $0.49B.
Questions
What was Qualcomm's revenue in the third quarter fiscal 2026?
Qualcomm (QCOM) reported revenue of $9.9B for the third quarter fiscal 2026 (Q3 FY26), -4% from a year earlier and -6% from the quarter before.
Was Qualcomm profitable in the third quarter fiscal 2026?
Operating profit was $1.6B (16.3% of revenue) and net earnings $2.0B.
Source: Qualcomm 10-Q on SEC EDGAR.