Q3
QCOM — Q3 FY2026 Financial Report Analysis
Qualcomm revenue fell 4% to $9.95bn in fiscal Q3 2026 but operating income dropped 41% as memory-driven handset inventory cuts took $1.24bn off chipset sales and input-cost inflation squeezed gross margin, with $726m of one-off IPO gains absorbing most of the damage below the operating line.