Qualcomm Q3 2026 Earnings: Revenue Beat, EPS Miss, and a Double-Digit Chip Price Hike
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23. The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier...
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Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23.
The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier costs, severe memory (DRAM/NAND) shortages, and AI infrastr...
Qualcomm is offsetting the loss of Apple modem revenue by diversifying into automotive (61% YoY growth) and IoT (9% YoY growth), positioning itself as a broader computing and connectivity company.
What did Qualcomm report in its fiscal third-quarter earnings, including its revenue and adjusted EPS versus estimates, its weaker-than-expeQualcomm reported Q3 2026 revenue of $9.9 billion, beating estimates, but adjusted EPS of $2.21 narrowly missed. The company also announced double-digit chip price hikes starting September 1.
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Create a landscape editorial hero image for this Studio Global article: What did Qualcomm report in its fiscal third-quarter earnings, including its revenue and adjusted EPS versus estimates, its weaker-than-expe. Article summary: Here is a full breakdown of Qualcomm's fiscal Q3 2026 earnings report and the key strategic issues surrounding it.. Topic tags: general, news, general web, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clickbait thumbnails, icons, and tiny thumbnail layouts. Make it useful as an illustrati
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Qualcomm (QCOM) reported its fiscal third-quarter 2026 earnings on July 29, 2026, delivering a revenue beat but a slight miss on earnings per share. The company also issued weaker-than-expected guidance for the fourth quarter, announced a double-digit chip price increase starting September 1, and revealed that revenue from Apple products is declining faster than previously forecast. Here is a full breakdown of the report and the strategic picture.
Qualcomm reported fiscal third-quarter 2026 revenue of $9.9 billion, down 4% year-over-year from $10.365 billion, but beating the consensus estimate of roughly $9.67 billion . Non-GAAP (adjusted) earnings per share came in at , which was slightly below the Wall Street consensus of $2.23 and down 20% from $2.77 a year earlier . GAAP EPS was $1.87, down 23% year-over-year . In short, revenue beat expectations, but EPS narrowly missed.
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What is the short answer to "Qualcomm Q3 2026 Earnings: Revenue Beat, EPS Miss, and a Double-Digit Chip Price Hike"?
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23.
What are the key points to validate first?
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23. The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier costs, severe memory (DRAM/NAND) shortages, and AI infrastr...
What should I do next in practice?
Qualcomm is offsetting the loss of Apple modem revenue by diversifying into automotive (61% YoY growth) and IoT (9% YoY growth), positioning itself as a broader computing and connectivity company.
Qualcomm Q3 2026 Earnings: Revenue Beat, EPS Miss, and a Double-Digit Chip Price Hike
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23. The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier...
Published byEdited with DeepSeek-V4-FlashImages generated with GPT Image 1.5
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23.
The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier costs, severe memory (DRAM/NAND) shortages, and AI infrastr...
Qualcomm is offsetting the loss of Apple modem revenue by diversifying into automotive (61% YoY growth) and IoT (9% YoY growth), positioning itself as a broader computing and connectivity company.
What did Qualcomm report in its fiscal third-quarter earnings, including its revenue and adjusted EPS versus estimates, its weaker-than-expeQualcomm reported Q3 2026 revenue of $9.9 billion, beating estimates, but adjusted EPS of $2.21 narrowly missed. The company also announced double-digit chip price hikes starting September 1.
AI Prompt
Create a landscape editorial hero image for this Studio Global article: What did Qualcomm report in its fiscal third-quarter earnings, including its revenue and adjusted EPS versus estimates, its weaker-than-expe. Article summary: Here is a full breakdown of Qualcomm's fiscal Q3 2026 earnings report and the key strategic issues surrounding it.. Topic tags: general, news, general web, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clickbait thumbnails, icons, and tiny thumbnail layouts. Make it useful as an illustrati
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Qualcomm (QCOM) reported its fiscal third-quarter 2026 earnings on July 29, 2026, delivering a revenue beat but a slight miss on earnings per share. The company also issued weaker-than-expected guidance for the fourth quarter, announced a double-digit chip price increase starting September 1, and revealed that revenue from Apple products is declining faster than previously forecast. Here is a full breakdown of the report and the strategic picture.
Qualcomm reported fiscal third-quarter 2026 revenue of $9.9 billion, down 4% year-over-year from $10.365 billion, but beating the consensus estimate of roughly $9.67 billion . Non-GAAP (adjusted) earnings per share came in at , which was slightly below the Wall Street consensus of $2.23 and down 20% from $2.77 a year earlier . GAAP EPS was $1.87, down 23% year-over-year . In short, revenue beat expectations, but EPS narrowly missed.
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What is the short answer to "Qualcomm Q3 2026 Earnings: Revenue Beat, EPS Miss, and a Double-Digit Chip Price Hike"?
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23.
What are the key points to validate first?
Qualcomm reported fiscal Q3 2026 revenue of $9.9 billion (beating estimates of $9.67 billion) but adjusted EPS of $2.21 narrowly missed the consensus of $2.23. The chip price hike — a double digit percentage increase for products shipped after September 1 — is driven by Qualcomm's inability to absorb higher supplier costs, severe memory (DRAM/NAND) shortages, and AI infrastr...
What should I do next in practice?
Qualcomm is offsetting the loss of Apple modem revenue by diversifying into automotive (61% YoY growth) and IoT (9% YoY growth), positioning itself as a broader computing and connectivity company.
Qualcomm issued a fiscal fourth-quarter 2026 outlook that disappointed investors:
EPS guidance: $2.05–$2.25, versus the consensus estimate of $2.23 .
Revenue guidance: $9.7 billion–$10.5 billion .
The company blamed the soft profit outlook on rising memory costs and broader semiconductor input inflation that are squeezing margins . The stock fell roughly 8% in after-hours trading on the news .
Chip Price Hike: Double-Digit Increase Starting September 1
Qualcomm notified customers in July that it will raise chip prices by double-digit percentages for products shipped after September 1, 2026. The reasons given for the price increase:
Rising supplier costs — Qualcomm said it has "fully exhausted its ability to absorb escalating supplier costs" and could not find sufficient alternative vendors .
Memory and component shortages — A severe supply crunch for computer parts, especially memory (DRAM/NAND), has pushed up input costs across the supply chain .
AI infrastructure demand — High demand for AI data center hardware is cannibalizing manufacturing capacity and driving up fab and substrate costs, which are being passed down to Qualcomm .
Apple-Related Revenue: Accelerated Decline
Qualcomm said revenue from Apple products is declining faster than previously forecast. As Apple continues its multi-year transition to in-house modem chips, Qualcomm's Apple modem revenue stream is shrinking more rapidly than earlier projections anticipated .
Offsetting the Apple Revenue Loss
Qualcomm is offsetting the decline in Apple-related revenue by aggressively diversifying into non-handset markets:
Automotive revenue surged 61% year-over-year to $1.6 billion, making it the fastest-growing segment .
IoT and other adjacent markets are also contributing to growth, with the company emphasizing "diversification accelerates amid headwinds" .
Handset Chip Revenue Performance
Handset (smartphone) chip revenue was a notable weak spot:
$5.1 billion in QCT handset revenue, down 20% year-over-year.
The decline reflects both a sluggish smartphone replacement cycle and the loss of Apple modem business .
Automotive Revenue Performance
Automotive was a standout segment:
$1.6 billion in revenue, up 61% year-over-year.
This was the primary driver of growth within Qualcomm's QCT segment.
Outlook on Non-Handset Revenue Growth
Qualcomm is positioning itself as a diversified computing and connectivity company beyond smartphones. On the earnings call, management highlighted "solid execution of growth strategy" and pointed to automotive, IoT, and PC/Windows-on-Snapdragon as key growth vectors . The company's narrative is that non-handset revenue streams — particularly automotive and IoT — will increasingly buffer the cyclical downturns in the smartphone market and the structural loss of Apple modem revenue over time. The stock remains under pressure in the near term due to margin compression from rising memory costs, but the price hike is a direct effort to restore margins starting in Q4 .
Qualcomm issued a fiscal fourth-quarter 2026 outlook that disappointed investors:
EPS guidance: $2.05–$2.25, versus the consensus estimate of $2.23 .
Revenue guidance: $9.7 billion–$10.5 billion .
The company blamed the soft profit outlook on rising memory costs and broader semiconductor input inflation that are squeezing margins . The stock fell roughly 8% in after-hours trading on the news .
Chip Price Hike: Double-Digit Increase Starting September 1
Qualcomm notified customers in July that it will raise chip prices by double-digit percentages for products shipped after September 1, 2026. The reasons given for the price increase:
Rising supplier costs — Qualcomm said it has "fully exhausted its ability to absorb escalating supplier costs" and could not find sufficient alternative vendors .
Memory and component shortages — A severe supply crunch for computer parts, especially memory (DRAM/NAND), has pushed up input costs across the supply chain .
AI infrastructure demand — High demand for AI data center hardware is cannibalizing manufacturing capacity and driving up fab and substrate costs, which are being passed down to Qualcomm .
Apple-Related Revenue: Accelerated Decline
Qualcomm said revenue from Apple products is declining faster than previously forecast. As Apple continues its multi-year transition to in-house modem chips, Qualcomm's Apple modem revenue stream is shrinking more rapidly than earlier projections anticipated .
Offsetting the Apple Revenue Loss
Qualcomm is offsetting the decline in Apple-related revenue by aggressively diversifying into non-handset markets:
Automotive revenue surged 61% year-over-year to $1.6 billion, making it the fastest-growing segment .
IoT and other adjacent markets are also contributing to growth, with the company emphasizing "diversification accelerates amid headwinds" .
Handset Chip Revenue Performance
Handset (smartphone) chip revenue was a notable weak spot:
$5.1 billion in QCT handset revenue, down 20% year-over-year.
The decline reflects both a sluggish smartphone replacement cycle and the loss of Apple modem business .
Automotive Revenue Performance
Automotive was a standout segment:
$1.6 billion in revenue, up 61% year-over-year.
This was the primary driver of growth within Qualcomm's QCT segment.
Outlook on Non-Handset Revenue Growth
Qualcomm is positioning itself as a diversified computing and connectivity company beyond smartphones. On the earnings call, management highlighted "solid execution of growth strategy" and pointed to automotive, IoT, and PC/Windows-on-Snapdragon as key growth vectors . The company's narrative is that non-handset revenue streams — particularly automotive and IoT — will increasingly buffer the cyclical downturns in the smartphone market and the structural loss of Apple modem revenue over time. The stock remains under pressure in the near term due to margin compression from rising memory costs, but the price hike is a direct effort to restore margins starting in Q4 .
