Filing Flows › Qualcomm (QCOM) › Q4 FY26 › vs Q3 FY26
Qualcomm (QCOM) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Qualcomm's revenue rose $375M (+4%) from $9.9B in Q3 FY26 to $10.3B in Q4 FY26. Operating margin 13.1% against 16.3% (-3.2 pts).
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 draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Operating margin | 13.1% | 16.3% | -3.2 pts |
| Net margin | 12.1% | 20.1% | -8.0 pts |
| Free cash flow margin | 17.7% | 5.0% | +12.7 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $10.3B | $9.9B | $375M | +4% |
| Operating profit | $1.4B | $1.6B | −$270M | -17% |
| Costs & expenses | $9.0B | $8.3B | $645M | +8% |
| Pre-tax earnings | $1.2B | $2.5B | −$1.3B | -52% |
| Other expense, net | $183M | −$836M | $1.0B | — |
| Cost of revenue | $5.1B | $4.7B | $414M | +9% |
| Research & development | $2.7B | $2.6B | $77.0M | +3% |
| SG&A | $963M | $976M | −$13.0M | -1% |
| Other operating costs | $235M | $68.0M | $167M | +246% |
| Income tax benefit | $78.0M | −$460M | $538M | — |
| Net earnings | $1.3B | $2.0B | −$751M | -38% |
| Depreciation & amortization | $428M | $396M | $32.0M | +8% |
| Share-based compensation | $873M | $830M | $43.0M | +5% |
| Working capital & other | $188M | −$2.2B | $2.4B | — |
| Operating cash flow | $2.7B | $991M | $1.7B | +176% |
| Free cash flow (OCF − capex) | $1.8B | $495M | $1.3B | +268% |
| Capital expenditures | $916M | $496M | $420M | +85% |
Questions
How much did Qualcomm's revenue grow quarter over quarter in Q4 FY26?
Qualcomm's revenue rose $375M (+4%) from $9.9B in Q3 FY26 to $10.3B in Q4 FY26. Operating margin 13.1% against 16.3% (-3.2 pts).