Qualcomm Q4: $10.44B revenue, non-handset chips to grow 60%+ and become majority in FY27
ryanshrout · x · 2026-11-05
Ryan Shrout recaps Qualcomm's earnings:
- Q4 FY26 non-GAAP revenue $10.44B (high end of guide), EPS $2.17; December quarter guided to a $10.8B midpoint vs $10.48B estimate
- FY27 guidance: non-handset chip revenue to grow more than 60% and become the majority of revenue
- Automotive posted its first $2B quarter: $1.99B, up 89% YoY; IoT at $1.89B, non-handset now 43% of QCT
- Handsets fell 26% to $5.14B as memory supply weighed on Android; Qualcomm says China Android OEM revenue has bottomed, matching industry chatter — but doesn't say when growth returns
- Data center is the key watch item: >$650M expected in the December quarter with growth every quarter after, reiterating a $5B fiscal-year target
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