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Led by big tech stocks today, Qualcomm Incorporated (NASDAQ: QCOM ) is trading at $181.19 +25.19 (+16.15%) after Q2 results, with AI playing a major role.
Results for the second quarter of fiscal year 2026
Revenue: $10.6 billion
GAAP EPS: $6.88, Non-GAAP EPS: $2.65
—Record Quarterly QCT Automotive Revenue—
—Diversification: Combined QCT Automotive and IoT revenues up 20% year-over-year—
-Completed $5.4B share repurchase in H1FY26 and announced new $20B authorization-
“We are pleased to deliver results in line with our guidance, which reflect solid execution in a challenging memory environment,” said Cristiano Amon, Chairman and CEO of Qualcomm Incorporated.
“We are in a period of profound industry transformation – the rise of AI agents is reshaping our roadmap across every platform we develop. We are equally excited by our entry into the data center, where a major hyperscaler custom silicon engagement is on track for initial shipment later this calendar year.
“We look forward to providing an update on our growth initiatives, including opportunities in data center and physical AI, at our investor day on June 24.”
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