News Summary:
On May 2, 2026, April's AnTuTu rankings indicated Qualcomm's sustained influence on flagship mobile performance, reflecting average benchmark scores from devices tested in China. Earlier the same day, analysis of the company's fiscal second-quarter results, reported in late April, highlighted how higher-margin businesses such as automotive, IoT, and AI-related custom silicon drove profitability. These results showed revenue of $10.599 billion, broadly flat year-on-year, with net income rising to $7.370 billion and diluted EPS from continuing operations reaching $6.88. This followed the official earnings release on May 1, where Qualcomm reported $10.60 billion in revenue and a non-GAAP $2.65 earnings per share (EPS) for the quarter, surpassing analysts’ consensus estimates of $2.56 by $0.09. The market reacted positively to the earnings, with the company's stock experiencing investor favor earlier in the week, partly due to the CEO announcing a notable data center client. The fiscal Q2 results, which closed April 30, 2026, also detailed QCT Automotive revenue at $1.3 billion, a 38% year-over-year increase, and QCT IoT revenue at $1.7 billion, up 9% year-over-year. Qualcomm provided Q3 FY2026 guidance, projecting revenue between $9.2 billion and $10.0 billion, and non-GAAP EPS between $2.10 and $2.30.
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