Filing Flows › Qualcomm (QCOM) › Q4 FY26 › vs Q4 FY25
Qualcomm (QCOM) Q4 FY26 vs Q4 FY25 (year over year)
Qualcomm's revenue fell $949M (-8%) from $11.3B in Q4 FY25 to $10.3B in Q4 FY26. Operating margin 13.1% against 25.9% (-12.8 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 13.1% | 25.9% | -12.8 pts |
| Net margin | 12.1% | -27.7% | +39.8 pts |
| Free cash flow margin | 17.7% | 31.8% | -14.2 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $10.3B | $11.3B | −$949M | -8% |
| Operating profit | $1.4B | $2.9B | −$1.6B | -54% |
| Costs & expenses | $9.0B | $8.4B | $613M | +7% |
| Pre-tax earnings | $1.2B | $3.0B | −$1.8B | -61% |
| Other expense, net | $183M | −$53.0M | $236M | — |
| Cost of revenue | $5.1B | $5.0B | $50.0M | +1% |
| Research & development | $2.7B | $2.4B | $314M | +13% |
| SG&A | $963M | $910M | $53.0M | +6% |
| Other operating costs | $235M | $39.0M | $196M | +503% |
| Income tax benefit | $78.0M | −$6.1B | $6.2B | — |
| Net earnings | $1.3B | −$3.1B | $4.4B | — |
| Depreciation & amortization | $428M | $371M | $57.0M | +15% |
| Share-based compensation | $873M | $663M | $210M | +32% |
| Working capital & other | $188M | $6.1B | −$5.9B | -97% |
| Operating cash flow | $2.7B | $4.0B | −$1.3B | -31% |
| Free cash flow (OCF − capex) | $1.8B | $3.6B | −$1.8B | -49% |
| Capital expenditures | $916M | $407M | $509M | +125% |
Questions
How much did Qualcomm's revenue grow year over year in Q4 FY26?
Qualcomm's revenue fell $949M (-8%) from $11.3B in Q4 FY25 to $10.3B in Q4 FY26. Operating margin 13.1% against 25.9% (-12.8 pts).