QUALCOMM Incorporated · QCOM · Next earnings

QUALCOMM Incorporated reports Wednesday, Feb 3, 2027

QCOM reports after market close with consensus EPS at $2.26 and revenue at $10.49B. Last quarter: Qualcomm advances diversification as memory costs pressure margins

Reports After market close90 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.26 Calendar consensus
Consensus revenue $10.49B Calendar consensus
Report date Feb 3, 2027 Wednesday, date estimated
Session After market close 90 days away

Where QCOM left off: FY2026 Q3

Full report

Qualcomm advances diversification as memory costs pressure margins

EPS surprise -0.9% Reported $2.21 vs $2.23
Revenue surprise +2.6% Reported $9.95B vs $9.69B
Stock move -2.6% Event window
Subsequent drift +8.7% Up to 20 sessions

Guidance sentiment changed from maintained in the prior quarter to raised in Q3 FY2026, with Q3 revenue and non-GAAP EPS at the top of guidance and the FY26 automotive outlook raised to approximately $7 billion.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Memory-price inflation and higher input costs could delay gross-margin recovery.
  • Wafer, testing, and other supply-chain constraints may limit growth.
  • Execution risk remains in scaling custom silicon, AI accelerators, and new automotive platforms.
  • Declining Apple share could weigh on handset revenue and seasonality.
  • Potential U.S.-China trade restrictions could affect data-center customers and demand.

Questions analysts left open

  • Timing and magnitude of QCT gross-margin recovery.
  • Revenue contribution from data-center ASIC engagements.
  • Scale of planned price increases across the product portfolio.
  • Apple share decline and its effect on handset seasonality.
  • Supply-chain constraints, wafer availability, and potential U.S.-China restrictions.

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Recent QCOM quarters

All QCOM earnings
-2.6%FY2026 Q3+15.1%FY2026 Q2-8.5%FY2026 Q1-3.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.