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How Qualcomm (QCOM) makes money
Qualcomm (QCOM) made $10.3B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -8% from a year earlier. Of every dollar of revenue, 13¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $10.3B | 100.0% |
| Operating profit | $1.4B | 13.1% |
| Net earnings | $1.3B | 12.1% |
| Operating cash flow | $2.7B | 26.5% |
| Free cash flow | $1.8B | 17.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $10.3B | -8% |
| Q3 FY26 | $9.9B | -4% |
| Q2 FY26 | $10.6B | -4% |
| Q1 FY26 | $12.3B | +5% |
| Q4 FY25 | $11.3B | +10% |
| Q3 FY25 | $10.4B | +10% |
| Q2 FY25 | $11.0B | +17% |
From Qualcomm's 10-K filed Nov 4, 2026 (on EDGAR).
Questions
How does Qualcomm make money?
Qualcomm (QCOM) made $10.3B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), -8% from a year earlier. Of every dollar of revenue, 13¢ was left as operating profit, 12¢ was left as net earnings.
What is Qualcomm's profit margin?
Net earnings were $1.3B, 12.1% of revenue, in the fourth quarter fiscal 2026; the operating margin was 13.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.