QUALCOMM Incorporated (QCOM)

QUALCOMM beat revenue consensus, while adjusted EPS came in below estimates in the third fiscal quarter of 2026, reported July 29. Revenue fell 4.0% to about $10.0 billion from roughly $10.4 billion a year ago and still topped the about $9.7 billion consensus by 2.6%, while adjusted EPS of $2.21 versus the $2.23 estimate (-0.9%) was down 20.2% from $2.77 a year ago. Net income dropped 24.9% to about $2.0 billion from roughly $2.7 billion a year ago. Operating income came to about $1.6 billion as operating margin settled near 16%, while gross margin held around 53%. Operating cash flow was roughly $991 million, the company repurchased about $1.4 billion of stock, and it paid roughly $973 million in dividends. Consensus for the next period calls for EPS of $2.38 on revenue of $10.07 billion.