UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________ (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Delaware 95-3685934 ...

(1) Discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included at the end of this news release in the sections labeled "Note Regarding Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP Results to Non-GAAP Results." Qualcomm Announces First Quarter Fiscal 2026 Results Record Revenues: $12.3 billion GAAP EPS: $2.78, Non-GAAP EPS: $3.50 —Record Quarterly Total Company and QCT Revenues— —Record QCT Automotive Revenues: 2nd Consec ...

Market on close. We will have our eyes on Qualcomm earnings after the bell with expectations for adjusted EPS of $3.39% on revenue of 12.28% billion. Profit expected to decline slightly year-over-year as Apple has started manufacturing more components inhouse.Shares are down about 10% so far this year. It's of course time for options corner Rick Dat, our lead market technician, joining us now to take a closer look at Qualcomm ahead of their earnings report following the close today. Now Rick, as we take a l ...

Good morning. This is Bloomberg Daybreak Europe. I'm sure a lot of research with your top stories.Software stocks sync a new tool from anthropic fuels Disruption fears wiping $285 billion from software, financial services and asset management shares. Meanwhile, Bitcoin falls to its lowest level since Donald Trump's election win. UBS reports a fourth quarter profit beats and reveals plans to buyback $3 billion of its own shares.We'll bring you our interview with the CEO, Sir Roger, later this morning. Plus, ...

JOUMANNA: GOOD MORNING. THIS IS HORIZONS MIDDLE EAST & AFRICA. ASIAN STOCKS SLIDE AS A TECH ROUTE IN THE U.S. SPARKS A RAPID ROTATION INTO CYCLICAL SECTORS.OIL RISING FOR A SECOND DAY AS TENSIONS RESURFACED AFTER THE U.S. SHOOTS DOWN AND IRANIAN DRONE IN THE ARABIAN SEA, BUT U.S. PRESIDENT TRUMP REITERATES DIPLOMATIC TALKS ARE STILL CONTINUING. PLUS, DAY TWO OF THE WORLD GOVERNMENT SUMMIT AND WE ARE JOINED BY STEVE PAGLIUCA. 9:00 A.M. ACROSS THE EMIRATES, I'M JOUMANNA BERCETCHE IN THE EMIRATES. WALL STREET ...

Key Takeaways Qualcomm's Snapdragon Elite platform powers ECARX Zenith for intelligent vehicle applications.The platform integrates CPU, GPU, and AI for infotainment, ADAS, and digital cockpit functions.Qualcomm partners with Hyundai, Volkswagen, and Bosch to advance software-defined and autonomous vehicles.Qualcomm Incorporated’s (QCOM) Snapdragon Elite platform (SA8797) for automotive will power ECARX Holdings Inc.’s (ECX) Zenith computing platform, featuring high performance, flexibility, and support for ...

Core Insights - Intel's shares increased by 25.9% in January, following an impressive 84% rally in 2025, driven by a new product launch rather than just sentiment changes [1][2] - The January surge was attributed to the release of Intel's Panther Lake CPU, which is the first product built on the new 18A manufacturing node [2][3] Product Performance - Panther Lake is critical for Intel, as former CEO Pat Gelsinger emphasized its importance, stating he "bet the company" on this product [3] - Early reviews of Panther Lake laptops have been positive, indicating that Intel successfully executed the product launch [3][6] Technological Advancements - The 18A node features innovative technologies such as RibbonFET transistors and backside power delivery, which enhances transistor density [5] - Unlike TSMC's 2nm technology, Intel's 18A may utilize high-NA EUV lithography for some layers, although this has not been officially confirmed [5] Competitive Edge - Reviewers highlighted Panther Lake's superior integrated graphics performance, outperforming competitors AMD and Qualcomm in gaming [6] - The battery life of Panther Lake laptops is exceptional, lasting 22 hours during 4K video playback and 14 hours under office work simulation, marking a significant improvement [6] - Panther Lake offers approximately 50% higher multi-threaded performance compared to Intel's previous generation Lunar Lake chip [6] - For AI tasks, Panther Lake's neural processing unit (NPU) achieves 180 TOPS, which is 50% higher than Lunar Lake's 120 TOPS [6]

Qualcomm Incorporated (NASDAQ:QCOM) is set to release its quarterly earnings with an anticipated EPS of $3.37 and revenue of approximately $12.1 billion.The company faces antitrust investigations in China, potentially impacting its short-term financial outlook.Despite challenges, Qualcomm's strong financial metrics, including a P/E ratio of 30.19 and a current ratio of 2.82, highlight its market position and financial health.Qualcomm Incorporated, listed as NASDAQ:QCOM, is a leading player in the semiconduc ...

Core Viewpoint - Qualcomm is set to report its first-quarter fiscal 2026 earnings on February 4, with revenue and earnings estimates at $12.23 billion and $3.37 per share, respectively. However, earnings estimates for fiscal 2026 have declined by 1.2% to $12.00 per share over the past 60 days, and estimates for fiscal 2027 have also decreased from $12.60 to $12.33 per share [1][6]. Earnings Estimates - The current earnings estimates for Q1 fiscal 2026 stand at $3.37 per share, with revenue estimates at $12.23 billion. Over the past 60 days, earnings estimates have seen a decline of 1.23% for fiscal 2026 and 2.14% for fiscal 2027 [2][6]. - The earnings surprise history shows an average surprise of 6% over the last four quarters, with the last reported quarter achieving a surprise of 4.2% [2][3]. Product Launches - Qualcomm launched AI200 and AI250 chip-based AI accelerator cards and racks during the fiscal first quarter, which are expected to boost revenues due to their advanced features for data centers [7]. - The company also introduced the Qualcomm Dragonwing IQ-X Series, an industrial-grade processor aimed at enhancing smart manufacturing, which is likely to contribute to higher revenues [8]. Regulatory Challenges - Qualcomm is facing antitrust probes in China, which could impact its operations and revenue, as the country represents a significant portion of its market. The investigation stems from Qualcomm's failure to notify Chinese regulators about its acquisition of Autotalks [9][10]. - The ongoing trade tensions between the U.S. and China pose additional risks to Qualcomm's performance, particularly given its substantial revenue dependence on the Chinese market [10][15]. Market Performance - Over the past year, Qualcomm's stock has declined by 12%, underperforming the industry growth of 41.5%, with competitors like Broadcom and Hewlett Packard showing significant gains [11]. - From a valuation perspective, Qualcomm's shares are trading at a forward P/E ratio of 12.57, which is lower than the industry average of 33.44 and its historical mean of 16.84, indicating a relatively cheaper valuation [13]. Strategic Focus - Qualcomm aims to maintain its leadership in 5G and mobile connectivity through innovative product launches, including AI chips and industrial processors [14]. - Despite its efforts in AI, Qualcomm faces challenges in sustaining operations in China due to escalating tariffs and regulatory scrutiny, which may affect its long-term viability in the region [15][16].

Financial Data and Key Metrics Changes - The company reported record high sales for both the quarter and the full year, with consolidated sales exceeding $2.8 billion, an 8% increase year-over-year [7][21] - Adjusted operating income for Q4 decreased by 4% to $337 million, with an adjusted operating margin of 12%, down 140 basis points from the previous year [7][21] - Free operating cash flow for 2025 reached $734 million, an increase of over $230 million compared to the previous year, driven by higher profitability and disciplined capital management [6][24] - Earnings per share rose to above $9, with an 18% increase year-over-year, reflecting higher net profit and reduced share count from repurchase activities [24][25] Business Line Data and Key Metrics Changes - Sales to Chinese OEMs surged nearly 40% in the quarter, significantly contributing to the company's growth [5] - India represented nearly half of the company's global organic growth, showcasing exceptional performance in that market [5] - The adjusted operating income for the full year increased by 11% to $1.1 billion, with an adjusted operating margin of 10.3% compared to 9.7% in 2024 [24] Market Data and Key Metrics Changes - Global light vehicle production for Q4 increased by 1.3%, exceeding expectations, with production in China coming in 8 percentage points above expectations [10] - The regional production mix has shifted, with a larger share coming from lower content per vehicle markets in Asia, impacting overall profitability [9][10] - The company outperformed the market by 3 percentage points globally, despite an unfavorable regional light vehicle production mix [12][19] Company Strategy and Development Direction - The company is focusing on expanding its role in the autonomous vehicle ecosystem, highlighted by the development of the first foldable steering wheel for autonomous vehicles [7] - Strategic agreements, such as the one with Qualcomm, are aimed at enhancing the company's position in advanced automotive safety electronics [16] - The company expects to continue to significantly outperform light vehicle production in both China and India in 2026, despite facing headwinds from market conditions [5][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver attractive shareholder returns, with a debt leverage ratio reduced to 1.1 times [6] - The outlook for 2026 anticipates flat organic sales overall, with growth in China, India, and South America offset by declines in North America and Europe [33] - Geopolitical uncertainties and trade restrictions are identified as significant risks to the 2026 light vehicle production outlook [32] Other Important Information - The company returned approximately $590 million to shareholders through dividends and share buybacks in 2025 [29] - The operating cash flow for Q4 totaled $544 million, an increase of $124 million compared to the previous year, driven by positive working capital effects [25] - The company has achieved $100 million of the $130 million in structural cost savings targeted [41] Q&A Session Summary Question: Can you frame the major puts and takes regarding margins? - Management quantified raw material headwinds at about $10 million for 2025, expecting it to increase to around $30 million in 2026, primarily due to non-ferrous metals like gold [40][41] Question: Is there any impact from Hyundai's airbag recall? - Management indicated no current indication of impact on their products and is working with the customer [44][45] Question: Why is the 2026 outperformance guidance only 1%? - Management explained that the outperformance is consistent with their organic growth components and reflects a neutral mix effect for 2026 [50][51] Question: How is the company performing with exports and production in Europe from Chinese OEMs? - Management confirmed strong growth with Chinese OEMs and noted a significant order for production in Europe, although high volumes of localized production are still developing [54][55] Question: What is the current market share in the industry? - Management reported a stable market share of 44% globally, with strong growth in China and India [59][60] Question: How was the raw material headwind for 2026 calculated? - Management stated it is based on a mix of long-term agreements and updated contracts, with the largest impact expected from gold [62][64]