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Qualcomm (QCOM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2026, Qualcomm (QCOM - Free Report) reported revenue of $10.44 billion, down 7.4% over the same period last year. EPS came in at $2.17, compared to $3.00 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $10.15 billion, representing a surprise of +2.92%. The company delivered an EPS surprise of +0.46%, with the consensus EPS estimate being $2.16.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Qualcomm performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenues- QCT: $9.02 billion versus the six-analyst average estimate of $8.74 billion. The reported number represents a year-over-year change of -8.2%.
  • Revenues- QTL: $1.3 billion versus $1.3 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -7.5% change.
  • Revenues- QCT- Automotive: $1.99 billion versus the five-analyst average estimate of $1.71 billion. The reported number represents a year-over-year change of +89%.
  • Revenues- QCT- Handsets: $5.14 billion versus the five-analyst average estimate of $5.22 billion. The reported number represents a year-over-year change of -26.2%.
  • Revenues- QCT- IoT (internet of things): $1.89 billion versus the five-analyst average estimate of $1.82 billion. The reported number represents a year-over-year change of +4.5%.
  • Income / (loss) before taxes- QTL: $918 million versus the two-analyst average estimate of $907.53 million.
  • Income / (loss) before taxes- QCT: $2.14 billion versus the two-analyst average estimate of $2.09 billion.

View all Key Company Metrics for Qualcomm here>>>

Shares of Qualcomm have returned -9.2% over the past month versus the Zacks S&P 500 composite's -2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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