Qualcomm (QCOM) Q1 FY26 earnings results beat revenue and EPS expectations

Qualcomm stock took a dive in after hours trading.

Semiconductor and software designer Qualcomm (QCOM) has published its Q1 2026 earnings report, showing a beat on revenue and EPS expectations, with some notable asterisks. The stock is down as a result of the complex results.

Qualcomm’s revenue for Q1 was $12.252 billion, which just narrowly beats the $12.23 billion expectation. The company’s $3.50 in earnings per-share beats the analyst expectation of $3.41, but is right in line with the whisper number of $3.50.

These results were enough to spell trouble for Qualcomm (QCOM) stock. Shares fell as low as $134.66 after ending the day at $148.89. More details about the quarter can be found in the official earnings release.

In addition to Qualcomm, Google also reported its quarterly earnings today. Stick with Shacknews for the biggest tech stories out of the financial industry.

Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.