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- Apr 29, 202690% CONFIDENCEfrom the source
Qualcomm Q2 FY2026 Results: Hyperscaler Chip News Sends Shares Up 16%
- Revenue fell 3% to $10.60 billion; non-GAAP EPS was $2.65, while GAAP EPS of $6.88 included a $5.7 billion ($5.33 a share) tax benefit from releasing the valuation allowance set up in Q4 FY2025[1]
- QCT revenue fell 4% to $9.08 billion as handsets dropped 13% to $6.02 billion; automotive hit a record $1.33 billion (+38%) and IoT rose 9% to $1.73 billion; QTL rose 5% to $1.38 billion[1]
- Qualcomm returned $3.7 billion in the quarter, completed $5.4 billion of buybacks in the first half and had announced a new $20 billion authorization[1]
- Third-quarter guidance of $9.2-10.0 billion revenue and $2.10-2.30 non-GAAP EPS reflects memory constraints; Qualcomm expects Chinese handset revenue to bottom in the June quarter[1]
- Amon said a leading hyperscaler custom-silicon engagement is on track for initial shipments later this calendar year, and announced an Investor Day for 24 June[1][2]
- The shares fell as much as 7% after the release, then rose 16% in extended trading after Amon's comments on the call[4]
References 589% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%qualcomm.com/news/releases/2026/04/qualcomm-announces-second-quarter-fiscal-2026-resultsqualcomm.com· Posted Sep 25, 2026· Starts Apr 29, 2026 ✓· 31% of score
The release is datelined "SAN DIEGO - April 29, 2026" and Qualcomm's IR site posted it at 4:00 pm ET; the 8-K was accepted at 20:02 UTC.
- [2]85%Qualcomm Q2 FY26 earnings call transcripts204.q4cdn.com· Published Apr 30, 2026· 17% of score
Amon: initial shipments of a custom product for a leading hyperscaler in the December quarter, a multi-generation engagement.[1]
- [3]95%Qualcomm Announces Second Quarter Fiscal 2026 Results (Form 8-K, Exhibit 99.1)sec.gov· Published Apr 29, 2026· 17% of score
The filed release: revenue $10,599M, GAAP EPS $6.88 with the $5.7B tax benefit, non-GAAP $2.65, the Q3 guide and the Investor Day date.[1]
- [4]85%Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer (CNBC)cnbc.com· Published Apr 29, 2026· 17% of score
The stock first fell as much as 7% after hours, then jumped 16% after Amon said data-center chips would ship to 'a large hyperscaler' this calendar year.[1]
- [5]90%FY2026 2nd Quarter Earnings Release (Qualcomm IR PDF)s204.q4cdn.com· Published Apr 29, 2026· 17% of score
Qualcomm's[1] own PDF of the release.
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