Overview
- Fiscal Q4 revenue reached $11.27 billion with adjusted earnings of $3.00 per share, topping Wall Street expectations.
- For the current quarter, Qualcomm guided to a midpoint of $12.2 billion in revenue and $3.40 in adjusted EPS, both above consensus.
- A $5.7 billion non‑cash charge tied to new U.S. tax legislation produced a GAAP net loss of $3.12 billion, with the company saying adjusted results were unchanged and future cash taxes should be lower.
- Handset sales rose 14% to $6.96 billion, automotive increased 17% to $1.05 billion, IoT grew 7% to $1.81 billion, and licensing revenue declined 7% to $1.41 billion.
- Qualcomm outlined AI accelerator plans with AI200 targeted for 2026 and AI250 for 2027 in rack‑scale systems, as analysts raised price targets but flagged risks from heavy China exposure and the potential loss of Apple modem volumes.