(PR) Qualcomm Announces Fourth Quarter and Fiscal 2026 Results
Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal fourth quarter and year ended September 27, 2026.
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Qualcomm reported fourth quarter non-GAAP revenues at the upper end of its projected range for the fiscal year ending September 27, 2026. The company achieved 36 percent year-over-year growth in combined automotive and IoT revenues during the period.
The company projects non-handset revenues will expand by more than 60 percent year-over-year in fiscal 2027. This growth is expected to be driven partly by expansion in the data center segment, where Qualcomm is maintaining its fiscal 2027 revenue target of $5 billion.
Qualcomm characterizes fiscal 2027 as the beginning of a shift toward non-handset revenue growth. The company's guidance reflects anticipated increases across multiple business segments beyond its traditional smartphone processor business.
What happened
Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal fourth quarter and year ended September 27, 2026. Cristiano Amon, President and CEO of Qualcomm Incorporated "We are pleased to deliver fourth quarter non-GAAP revenues at the high end of our guidance, along with 36% year-over-year growth in combined QCT Automotive and IoT revenues," "Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business. Non-handset revenues are projected to grow by more than 60% year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5B." Read full story
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