Qualcomm Q2 2026 Earnings: Automotive Revenue Hits Record $1.33B, QCOM Surges 13% After-Hours

# Qualcomm Q2 2026 Earnings: Automotive Revenue Hits Record $1.33B, QCOM Surges 13% After-Hours

> **Quick answer:** Qualcomm reported Q2 fiscal 2026 revenue of $10.6 billion with non-GAAP EPS of $2.65, beating analyst estimates of $2.56. Automotive revenue jumped 38% year-over-year to a record $1.33 billion, IoT rose 9% to $1.73 billion, and handsets fell 13%. QCOM surged over 13% in after-hours trading as the market confirmed that Qualcomm's diversification away from smartphones is working.

Qualcomm Q2 2026 earnings delivered the number the market had been waiting for: proof that the company's multi-year bet on automotive chips is paying off at scale. Released after the close on April 29, 2026, the results sent QCOM shares up more than 13% in after-hours trading — one of the largest single-session moves for the stock in recent memory — as investors rewarded a company that is visibly becoming something different from the smartphone chip supplier they once knew.

> **This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.**

## Qualcomm Q2 2026 Results at a Glance

The headline numbers were clean. Revenue came in at $10.6 billion, essentially in line with the $10.59 billion analyst consensus. But the EPS beat is what drove the after-hours move. Non-GAAP diluted EPS of $2.65 cleared the $2.56 estimate by $0.09 — a meaningful beat at Qualcomm's scale.