Slide 1: Second Quarter Fiscal 2026 Earnings
Second Quarter Fiscal 2026 Earnings April 29, 2026 Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. References in this presentation to “Qualcomm” may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or bus
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: our growth and dive
Slide 3: Q2FY26 Highlights
Q2FY26 Highlights
Slide 4: Second Quarter Fiscal 2026 Results
Second Quarter Fiscal 2026 Results “We are pleased to deliver results in line with our guidance, reflecting solid execution as we navigate a challenging memory environment. We are in a period of profound industry transformation — the rise of AI agents is reshaping our roadmap across every platform w
Slide 5: Investor Day 2026
Investor Day 2026 June 24, 2026 Ziegfield Ballroom, New York Qualcomm’s executive leadership will provide an update on our growth and diversification strategy, including opportunities in Data Center and Physical AI. The event will include live Q&A followed by a cocktail reception and product demos.
Slide 6: Update on Memory Environment
Update on Memory Environment SUMMARY Last quarter, we highlighted that increasing demand for memory in AI data centers was driving uncertainty in memory supply and price increases to handset OEMs, and as a result, handset OEMs, particularly in China, were taking a cautious approach by reducing han
Slide 7: Qualcomm Increases Quarterly Cash Dividend and Announces New $20 Billion Stock Repurchase Authorization
Qualcomm Increases Quarterly Cash Dividend and Announces New $20 Billion Stock Repurchase Authorization March 2026 Press Release - link SUMMARY Qualcomm announced that its Board of Directors has approved an increase in the Company’s quarterly cash dividend from $0.89 to $0.92 per share of common s
Slide 8: Q2FY26 Financial Summary
Q2FY26 Financial Summary (in millions, except per share data and percentages) Q2FY26 Q2FY25 YoY ∆ Non-GAAP Revenues $10,599 $10,836 -2% EBT $3,246 $3,694 -12% EPS $2.65 $2.85 -7% QCT Revenues $9,076 $9,469 -4% Handsets $6,024 $6,929 -13% Automotive $1,326 $959 +38% IoT $1,726 $1,581 +9% EBT $2,465 $
Slide 9: Financial Results and Guidance
Financial Results and Guidance As of April 29, 2026 Our guidance for the third quarter of fiscal 2026 includes the estimated impact of memory supply constraints and related pricing on demand from several handset OEMs. We now estimate that QCT handset revenues from Chinese customers will reach a bott
Slide 10: U.S. Tax Legislation
U.S. Tax Legislation SUMMARY In Q4FY25, we recognized a $5.7B non-cash charge to establish a valuation allowance against our U.S. federal deferred tax assets as a result of U.S. tax legislation in the One Big Beautiful Bill Act (OBBB). In Q2FY26, we recorded a $5.7B non-cash GAAP tax benefit fro
Slide 11: Key Announcements
Key Announcements
Slide 12: Qualcomm and Wayve Advance Production-Ready End-to-End AI for ADAS and Automated Driving
Q CT AU TO MOT IV E Key Announcements Qualcomm and Wayve Advance Production-Ready End-to-End AI for ADAS and Automated Driving – link HIGHLIGHTS Qualcomm and Wayve announced a collaboration to deliver a pre-integrated advanced driver assistance and automated driving system (ADAS/AD) for automakers
Slide 13: 10 Million+ Cockpit Computers Delivered
Q CT AU TO MOT IV E Key Announcements Bosch and Qualcomm Expand Collaboration to Strategic ADAS Solutions – link HIGHLIGHTS Bosch and Qualcomm aim to make ADAS solutions for enhanced safety and comfort available to everyone. New programs leverage Bosch’s vehicle computer architecture powered by th
Slide 14: Qualcomm Unveils the Snapdragon 8 Elite Gen 5 for Galaxy
QCT HANDSETS Key Announcements Qualcomm Unveils the Snapdragon 8 Elite Gen 5 for Galaxy, Driving Unprecedented Performance in the Galaxy S26 Series – link HIGHLIGHTS Qualcomm and Samsung’s decades-long strategic partnership strengthens with Snapdragon 8 Elite Gen 5 for Galaxy powering the Galaxy S
Slide 15: Personal AI
WEARABLE AI Key Announcements Qualcomm Powers the Rise of Personal AI with New Snapdragon Wear Elite Platform – link HIGHLIGHTS Powering Snapdragon Wear Elite platform powers Personal AI experiences Personal AI - enabling personalized interactions and insights across diverse form factors including
Slide 16: Arduino Announces Arduino VENTUNO Q, Powered by Qualcomm Dragonwing IQ8 Series
QCT INDUSTRIAL IOT Key Announcements Arduino Announces Arduino VENTUNO Q, Powered by Qualcomm Dragonwing IQ8 Series – link HIGHLIGHTS Ahead of Embedded World, Arduino announced the upcoming launch of its newest platform to democratize edge AI, Arduino® VENTUNO Q. This board builds upon a dual-br
Slide 17: Featuring Qualcomm Cloud AI 100 Ultra
QCT INDUSTRIAL IOT Key Announcements Qualcomm Brings On-Premises Industrial AI and Connectivity to a Siemens Factory Model at MWC Barcelona – link HIGHLIGHTS At MWC Barcelona, Qualcomm Technologies demonstrated the use of AI in industrial applications based on a Siemens Autonomous Production model
Slide 18: NEURA Robotics and Qualcomm Enter Strategic Collaboration to Advance Physical AI
QCT INDUSTRIAL IOT Key Announcements NEURA Robotics and Qualcomm Enter Strategic Collaboration to Advance Physical AI and Cognitive Robotics – link HIGHLIGHTS NEURA Robotics and Qualcomm formed a long-term strategic collaboration to advance next-generation robotics and physical AI and to work join
Slide 19: Qualcomm and Other Industry Leaders Commit to 6G Trajectory
Q UALCOMM TECHNOLOGY LE ADERSHIP MO MENTUM Key Announcements Qualcomm and Other Industry Leaders Commit to 6G Trajectory Towards Commercialization Starting from 2029 Onwards – link HIGHLIGHTS Qualcomm announced a new strategic coalition with leading industry partners to accelerate the development
Slide 20: Key Announcements
• Qualcomm Appoints Brett Simpson as Senior Vice President of Investor Relations – Link • Qualcomm Commits Up To $150 Million for Strategic AI Venture Fund in India – Link • Qualcomm Unveils the Snapdragon 8 Elite Gen 5 for Galaxy, Driving Unprecedented Performance in the Galaxy S26 Series – Link •
Slide 21: Reconciliations
Reconciliations
Slide 22: Note Regarding Use of Non-GAAP Financial Measures
Note Regarding Use of Non-GAAP Financial Measures The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a resul
Slide 23: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Second Quarter Fiscal 2026 Results Less Share- GAAP Based Less Other Non-GAAP (in millions, except per share data) Results Less QSI Compensation Items(1) Results Revenues $10,599 $— $— $— $10,599 EBT $2,232 ($30) ($860) ($124) $3,246 Net income
Slide 24: Business Outlook
Business Outlook Q2FY26 Q3FY26 Guidance(1) Guidance(2) Revenues $10.2B - $11.0B $9.2B - $10.0B GAAP diluted EPS $1.69 - $1.89 $1.26 - $1.46 Less diluted EPS attributable to QSI $— $— Less diluted EPS attributable to share-based compensation ($0.68) ($0.68) Less diluted EPS attributable to other item
Slide 25: Operating Expenses Effective Tax Rates
Operating Expenses Q2FY26 Q2FY26 Q3FY26 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$3,450 $3,361 ~$3,450 Less QSI N/P $3 N/P Less share-based compensation N/P $836 N/P Less other items(3) N/P $8 N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A e