Q3 2026 Earnings

Reported July 29, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

Free Cash Flow

Income Statement

Cash Flow Statement

Balance Sheet

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

Customer/Licensee (x) Revenue Concentration
23.0%
Concentrations. A significant portion of our revenues are concentrated with a small number of customers/licensees of our QCT and QTL segments. The comparability of customer/licensee concentrations for the periods presented are impacted by the timing of customer/licensee device launches and/or innovation cycles and other seasonal trends, among other fluctuations in demand. Revenues from each customer/licensee that were 10% or greater of total revenues were as follows: Three Months Ended | | | Nine Months Ended June 28, 2026 | | | June 29, 2025 | | | June 28, 2026 | | | June 29, 2025 Customer/licensee (x) | | 23 | | % | | | 18 | | % | | | 24 | | % | | | 20 | | % Customer/licensee (y) | | 20 | | | | 21 | | | | 20 | | | | 21 Customer/licensee (z) | | * | | | 13 | | | | * | | | 13 *Less than 10%
Customer/Licensee (y) Revenue Concentration
20.0%
Concentrations. A significant portion of our revenues are concentrated with a small number of customers/licensees of our QCT and QTL segments. The comparability of customer/licensee concentrations for the periods presented are impacted by the timing of customer/licensee device launches and/or innovation cycles and other seasonal trends, among other fluctuations in demand. Revenues from each customer/licensee that were 10% or greater of total revenues were as follows: Three Months Ended | | | Nine Months Ended June 28, 2026 | | | June 29, 2025 | | | June 28, 2026 | | | June 29, 2025 Customer/licensee (x) | | 23 | | % | | | 18 | | % | | | 24 | | % | | | 20 | | % Customer/licensee (y) | | 20 | | | | 21 | | | | 20 | | | | 21 Customer/licensee (z) | | * | | | 13 | | | | * | | | 13 *Less than 10%
QCT EBT Margin
26.0%
QCT Segment (in millions, except percentages) Three Months Ended | | | Nine Months Ended June 28, 2026 | | | June 29, 2025 | | | Change | | | June 28, 2026 | | | June 29, 2025 | | | Change Revenues Handsets $ | | 5,086 | | | | $ | | 6,328 | | | | $ | | (1,242) | | | | $ | | 18,934 | | | | $ | | 20,831 | | | | $ | | (1,897) Automotive 1,588 | | | | 984 | | | | 604 | | | | 4,015 | | | | 2,904 | | | | 1,111 IoT (internet of things) 1,830 | | | | 1,681 | | | | 149 | | | | 5,244 | | | | 4,811 | | | | 433 Total revenues (1) $ | | 8,504 | | | | $ | | 8,993 | | | | $ | | (489) | | | | $ | | 28,193 | | | | $ | | 28,546 | | | | $ | | (353) EBT (2) $ | | 2,192 | | | | $ | | 2,671 | | | | $ | | (479) | | | | $ | | 7,959 | | | | $ | | 8,774 | | | | $ | | (815) EBT as a % of revenues | | 26 | | % | | | 30 | | % | | | -4 points | | | 28 | | % | | | 31 | | % | | | -3 points (1) Descriptions of our three QCT revenue streams can be found in this Quarterly Report in “Notes to Condensed Consolidated Financial Statements, Note 2. Composition of Certain Financial Statement Items.” (2) Earnings before income taxes.

QCT Earnings Before Income Taxes

$2.19B

QCT Segment (in millions, except percentages) Three Months Ended | | | Nine Months Ended June 28, 2026 | | | June 29, 2025 | | | Change | | | June 28, 2026 | | | June 29, 2025 | | | Change Revenues Handsets $ | | 5,086 | | | | $ | | 6,328 | | | | $ | | (1,242) | | | | $ | | 18,934 | | | | $ | | 20,831 | | | | $ | | (1,897) Automotive 1,588 | | | | 984 | | | | 604 | | | | 4,015 | | | | 2,904 | | | | 1,111 IoT (internet of things) 1,830 | | | | 1,681 | | | | 149 | | | | 5,244 | | | | 4,811 | | | | 433 Total revenues (1) $ | | 8,504 | | | | $ | | 8,993 | | | | $ | | (489) | | | | $ | | 28,193 | | | | $ | | 28,546 | | | | $ | | (353) EBT (2) $ | | 2,192 | | | | $ | | 2,671 | | | | $ | | (479) | | | | $ | | 7,959 | | | | $ | | 8,774 | | | | $ | | (815) EBT as a % of revenues | | 26 | | % | | | 30 | | % | | | -4 points | | | 28 | | % | | | 31 | | % | | | -3 points (1) Descriptions of our three QCT revenue streams can be found in this Quarterly Report in “Notes to Condensed Consolidated Financial Statements, Note 2. Composition of Certain Financial Statement Items.” (2) Earnings before income taxes.