Overview

* Qualcomm ( QCOM ) Q4 revenue grows 10% yr/yr, beating analyst expectations

* Adjusted EPS for Q4 beats consensus, driven by strong QCT segment performance

* Company reports GAAP net loss due to non-cash tax charge

Outlook

* Company forecasts Q1 FY26 revenue between $11.8 bln and $12.6 bln

* Qualcomm ( QCOM ) expects Q1 FY26 GAAP EPS of $2.55 to $2.75

* Company projects Q1 FY26 Non-GAAP EPS between $3.30 and $3.50

Result Drivers

* QCT GROWTH - QCT segment revenues increased 13% yr/yr, driven by strong performance in automotive and IoT sectors

* NON-CASH TAX CHARGE - GAAP net income impacted by a non-cash $5.7 bln tax charge due to new U.S. tax legislation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $11.27 $10.79

Revenue bln bln (27

Analysts

)

Q4 Beat $3 $2.88

Adjusted (25

EPS Analysts

)

Q4 EPS -$2.89

Q4 Net -$3.12

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 19 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Qualcomm Inc ( QCOM ) is $177.15, about 2.4% above its November 4 closing price of $172.84

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)