Qualcomm — Apr 29, 2026 release

: $2.65 —Record Quarterly QCT Automotive Revenues— —Diversification: Combined QCT Automotive and IoT Revenues Grew 20% Year-Over-Year— —Completed $5.4B of Share Repurchases in First Half of Fiscal 2026 and Announced New $20B Authorization— SAN DIEGO - April 29, 2026 - Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal second quarter ended March 29, 2026. “We are pleased to deliver results in line with our guidance, reflecting solid execution as we navigate a challenging memory environment,” said Cristiano Amon, President and CEO of Qualcomm Incorporated. “We are in a period of profound industry transformation — the rise of AI agents is reshaping our roadmap across every platform we develop. We are equally excited by our entry into the data center, where a leading hyperscaler custom silicon engagement is on track for initial shipments later this calendar year. We look forward to providing an update on our growth initiatives, including opportunities in Data Center and Physical AI, at our Investor Day on June 24.” Second Quarter Results 1,2 GAAP Non-GAAP (in millions, except per share data and percentages) Q2 Fiscal 2026 Q2 Fiscal 2025 Change Q2 Fiscal 2026 Q2 Fiscal 2025 Change Revenues $10,599 $10,979 (3%) $10,599 $10,836 (2%) Earnings before taxes (EBT) $2,232 $3,105 (28%) $3,246 $3,694 (12%) Net income $7,370 $2,812 +162% $2,840 $3,172 (10%) Diluted earnings per share (EPS) $