Qualcomm, Inc. (NASDAQ: QCOM), a leading manufacturer and supplier of digital wireless communication products, on Wednesday reported stronger-than-expected revenue and earnings for the first quarter of fiscal 2026.
Revenues increased to $12.3 billion in the first quarter from $11.67 billion in the year-ago quarter, exceeding estimates. Revenue from the CDMA Technologies division grew 5%, and Technology Licensing revenue rose 4% YoY.
On a reported basis, the company posted net income of $3.0 billion or $2.78 per share for Q1, compared to $3.2 billion or $2.83 per share in the corresponding quarter last year. Adjusted profit was $3.50 per share in the December quarter, compared to $3.41 per share in Q1 2025.
“Our momentum across personal, industrial, and physical AI is growing, as evidenced by recent product announcements at CES and customer traction. While our near-term handsets outlook is impacted by industry-wide memory supply constraints, we are encouraged by end-consumer demand for premium and high-tier smartphones, and remain on track to achieve our fiscal 2029 revenue goals,” said Cristiano Amon, CEO of Qualcomm.
