Slide 1: First Quarter Fiscal 2026 Earnings
First Quarter Fiscal 2026 Earnings February 4, 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 bu
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: Q1FY26 Highlights
Q1FY26 Highlights
Slide 4: Q1FY26 Highlights
Q1FY26 Highlights Delivered record revenues and Non-GAAP(1) EPS(2) Revenues up 5% YoY to $12.3B and Non-GAAP EPS up 3% YoY to $3.50. QCT achieved record revenues of $10.6B, including records for Handset and Automotive revenues. QCT Automotive delivered record quarterly revenues of $1.1B, up 15
Slide 5: First Quarter Fiscal 2026 Results
First Quarter Fiscal 2026 Results Record revenues and Non-GAAP EPS Revenues GAAP EPS Non-GAAP EPS $12.3B $2.78 $3.50 QCT QTL OTHER Record revenues of EBT(2) of Revenues of Returned Announced our upcoming $10.6B $3.3B $1.6B $3.6B 2026 Annual Meeting of at midpoint of guidance with EBT at high end of
Slide 6: Q1FY26 Financial Summary
Q1FY26 Financial Summary (in millions, except per share data and percentages) Q1FY26 Q1FY25 YoY ∆ Non-GAAP Revenues $12,252 $11,669 +5% EBT $4,372 $4,427 -1% EPS $3.50 $3.41 +3% QCT Revenues $10,613 $10,084 +5% Handsets $7,824 $7,574 +3% Automotive $1,101 $961 +15% IoT $1,688 $1,549 +9% EBT $3,302 $
Slide 7: Impact of Memory Industry Dynamics on Guidance
Impact of Memory Industry Dynamics on Guidance SUMMARY The fundamentals of our handset business remain favorable (stable global economic environment, total handset shipments exceeding expectations in the December quarter, especially in the premium and high tiers, and a strong design win pipeline f
Slide 8: Financial Results and Guidance
Financial Results and Guidance As of February 4, 2026 Quarterly Results and Guidance Q1FY26 Guidance(1) Q1FY26 Results Q2FY26 Guidance(2) Revenues $11.8B - $12.6B $12.3B $10.2B - $11.0B Non-GAAP diluted EPS $3.30 - $3.50 $3.50 $2.45 - $2.65 (3) Non-GAAP operating expenses ~$2.45B $2.35B ~$2.60B GAAP
Slide 9: Key Updates
Key Updates
Slide 10: Snapdragon Digital Chassis Momentum and Agentic AI for Major Global Automakers
Q CT AU TO MOT IV E Key Update Qualcomm Drives the Future of Mobility with Strong Snapdragon Digital Chassis Momentum and Agentic AI for Major Global Automakers Worldwide – link Snapdragon Ride Flex Platform Accelerating the shift to centralized compute by unifying digital cockpit and ADAS workloads
Slide 11: Volkswagen Group and Qualcomm Sign Letter of Intent
Q CT AU TO MOT IV E Key Update Volkswagen Group and Qualcomm Sign Letter of Intent to Power Next Generation Driving Experiences – link HIGHLIGHTS Volkswagen Group and Qualcomm Technologies announced a Letter of Intent for a long-term supply agreement to deliver advanced infotainment and connectivi
Slide 12: Snapdragon Digital Chassis Powers New Toyota RAV4
Q CT AU TO MOT IV E Key Update Qualcomm’s Snapdragon Digital Chassis Powers New Toyota RAV4, Delivering Unbeatable In-Vehicle Experiences – link HIGHLIGHTS Qualcomm Technologies announced that the newly launched Toyota RAV4 will be powered by cutting-edge Snapdragon Digital Chassis solutions. Wi
Slide 13: Qualcomm Expands Collaboration with Google for Automotive
Q CT AU TO MOT IV E Key Update Qualcomm Expands Decade-Long Collaboration with Google for Automotive Innovation and AI-Powered Mobility – link HIGHLIGHTS Qualcomm Technologies and Google announced an expansion of their joint efforts, building on over a decade of successful collaboration in the aut
Slide 14: Snapdragon X2 Plus Delivers Multi-Day Battery Life and Advanced AI
Version 1 QCT AI PC Key Update Empowering Professionals and Aspiring Creators, Snapdragon X2 Plus Delivers Multi-Day Battery Life, Fast Performance and Advanced AI – link HIGHLIGHTS At CES, Qualcomm Technologies announced the Snapdragon® X2 Plus platform, the newest entrant to the Snapdragon X Ser
Slide 15: Qualcomm Introduces Full Suite of Robotics Technologies
QCT INDUSTRIAL IOT Key Update Qualcomm Introduces a Full Suite of Robotics Technologies, Powering Physical AI from Household Robots up to Full-Size Humanoids – link HIGHLIGHTS Engineered for the most advanced robotics applications At CES, Qualcomm Technologies introduced a next-gen robotics compre
Slide 16: Industrial IoT Ecosystem
QCT INDUSTRIAL IOT Key Update Qualcomm’s IE-IoT Expansion Is Complete: Edge AI Unleashed for Developers, Enterprises & OEMs – link HIGHLIGHTS Industrial IoT Ecosystem At CES, Qualcomm Technologies announced its expanded IoT product portfolio, including new Qualcomm Dragonwing Product Segments Q-se
Slide 17: Qualcomm Completes Acquisition of Alphawave Semi
Q UALCOMM TECHNOLOGY LE ADERSHIP MO MENTUM Key Update Qualcomm Completes Acquisition of Alphawave Semi – link Qualcomm Acquires Ventana Micro Systems, Deepening RISC-V CPU Expertise – link ALPHAWAVE HIGHLIGHTS Qualcomm announced that it has completed its acquisition of Alphawave IP Group, approxim
Slide 18: Key Updates
• Qualcomm Launches Dragonwing IQ-X Series: Transforming Industrial PCs and Edge Intelligence – Link • Qualcomm to Establish AI Engineering Center at HUMAIN – Link • The 8-Series Reimagined: Snapdragon 8 Gen 5 Delivers Premium Performance and Experiences – Link • Qualcomm Appoints Spencer Kim as Vic
Slide 19: Reconciliations
Reconciliations
Slide 20: 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 21: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures First 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 $12,252 $— $— $— $12,252 EBT $3,547 $179 ($892) ($112) $4,372 Net income (l
Slide 22: Business Outlook
Business Outlook Q1FY26 Q2FY26 Guidance(1) Guidance(2) Revenues $11.8B - $12.6B $10.2B - $11.0B GAAP diluted EPS $2.55 - $2.75 $1.69 - $1.89 Less diluted EPS attributable to QSI $— $— Less diluted EPS attributable to share-based compensation ($0.68) ($0.68) Less diluted EPS attributable to other ite
Slide 23: Operating Expenses and Effective Tax Rates
Operating Expenses Q1FY26 Q1FY26 Q2FY26 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$3,300 $3,318 ~$3,450 Less QSI N/P $3 N/P Less share-based compensation N/P $868 N/P Less other items(3) N/P $94 N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A