Qualcomm reported third quarter fiscal 2026 revenues of $9.9 billion, a 4% decline year-over-year, with GAAP diluted EPS of $1.87 and Non-GAAP diluted EPS of $2.21. QCT segment revenues fell 5% to $8.5 billion, driven by a 20% drop in handset sales, while Automotive and IoT combined grew 28%. The company returned $2.3 billion to stockholders via $973 million in dividends and $1.4 billion in share repurchases. Management provided Q4 fiscal 2026 revenue guidance of $9.7 billion to $10.5 billion and Non-GAAP EPS guidance of $2.05 to $2.25, citing higher input costs that are being offset by product pricing adjustments. Qualcomm operates in the semiconductor industry, designing wireless technologies, processors, and licensing intellectual property for mobile devices, automotive systems, and IoT applications.
