QCOM Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2025-12-28), QCOM reported revenue of $12.3B, gross profit of $6.7B (54.6% gross margin), operating income of $3.4B, and net income of $3.0B (24.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
QCOM was profitable; revenue grew 8.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +8.7% | +196.4% | +52.2 pp |
Consensus estimate data is not available for this report.
QCOM Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.3B | 100% |
| Cost of Revenue | −$5.6B | 45.4% |
| Gross Profit | $6.7B | 54.6% |
| Research & Development | −$2.5B | 20.0% |
| Selling, General & Administrative | −$865M | 7.1% |
| Operating Income | $3.4B | 27.5% |
| Interest Expense | −$169M | 1.4% |
| Other Income, net | $350M | 2.9% |
| Income Tax Expense | −$543M | 4.4% |
| Net Income | $3.0B | 24.5% |
Source: original SEC filing (filed 2026-02-04). Accession 0000804328-26-000016. Data normalized by EarningsFyi.