Qualcomm Q4 Revenue Falls 8% to $10.3B; Q1 FY27 Guided to $10.4B-$11.2B
QCOM sits 38% above its 52-week low of $121.99.
Summary
Qualcomm reported Q4 revenue of $10.3B (down 8%) and non-GAAP EPS of $2.17 (down 28%) as handset chips fell 26%, offset by record automotive revenue up 89%. It guided Q1 FY27 to $10.4B-$11.2B in revenue and $2.15-$2.35 non-GAAP EPS while reiterating a $5B FY27 data center target.
Key Events · Earnings and Guidance · QCOM
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Q4 Revenue Down 8% to $10.3B
GAAP revenues were $10,322M versus $11,270M a year ago; non-GAAP revenues were $10,442M, down 7%. QCT handset revenue fell 26% to $5,137M.
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Non-GAAP EPS Falls 28%
Q4 non-GAAP diluted EPS was $2.17 versus $3.00 a year ago; GAAP EPS was $1.17. FY26 non-GAAP EPS was $10.54 versus $12.03.
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Automotive Record, Data Center Target Reiterated
QCT Automotive hit a record $1,990M in Q4, up 89% YoY, and $6,004M for FY26, up 52%. Management reiterated the $5B FY27 data center revenue target and projected non-handset revenue growth above 60%.
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Q1 FY27 Guidance Set
Revenue guided to $10.4B-$11.2B with QCT $9.0B-$9.6B and QTL $1.3B-$1.5B; non-GAAP diluted EPS guided to $2.15-$2.35.
Analysis · QCOM · Manufacturing
The core handset business is shrinking fast: Q4 handset chip revenue fell 26% to $5.1B, total revenue dropped 8% to $10.3B, and non-GAAP EPS fell 28% to $2.17. What keeps the story from being purely negative is the mix shift. Automotive hit a record $2.0B quarter, up 89%, and management reiterated a $5B FY27 data center revenue target while projecting non-handset revenue growth above 60%. Investors will trade against the Q1 FY27 guide of $10.4B-$11.2B and $2.15-$2.35 non-GAAP EPS. Management also flagged rising wafer, packaging and memory input costs that will pressure QCT gross margins until pricing actions fully land in the second half of fiscal 2027. Note that the headline FY26 GAAP EPS of $12.70 is flattered by a $5.7B tax valuation-allowance release; the non-GAAP $10.54 is the cleaner read.
How filings like this one have moved
In the 30 days to Nov 5, 2026, 33.4% of the 2397 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QCOM was trading at $168.94 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $184.9B. The 52-week trading range was $121.99 to $259.92. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.