Qualcomm Q4 revenue falls 8% y/y, non-GAAP earnings down 28%
firstadopter · x · 2026-11-05
Blogger firstadopter had warned this could be Qualcomm's "Google Carbon moment" ahead of earnings — and the results confirmed the concern.
Q4 fiscal 2026 highlights (in millions):
- GAAP revenue $10,322, down 8% y/y; non-GAAP revenue $10,442, down 7%
- Non-GAAP net income $2,332, down 28% y/y; GAAP net income $1,251 (prior-year quarter had a $3,117 loss)
- Non-GAAP diluted EPS $2.17, down 28%
Non-GAAP earnings before taxes fell 30% y/y, signaling significant margin pressure.
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