What changed
Non-GAAP EPS of $2.21 beat consensus of $2.10 by $0.11 (+5.2%), while GAAP EPS of $1.87 missed. Revenue of $9.9B fell 4% YoY but landed at the high end of guidance, with Q4 revenue guidance in line. The key driver was surging non-handset growth: combined QCT Automotive and IoT revenues grew 28% YoY, with Automotive up 61% and Data Center growth accelerating, offsetting a 20% decline in Handsets due to a challenging memory/supply environment.
Why it matters
Non-GAAP EPS of $2.21 beat consensus of $2.10 by $0.11 (+5.2%), while GAAP EPS of $1.87 missed. Revenue of $9.9B fell 4% YoY but landed at the high end of guidance, with Q4 revenue guidance in line. The key driver was surging non-handset growth: combined QCT Automotive and IoT revenues grew 28% YoY, with Automotive up 61% and Data Center growth accelerating, offsetting a 20% decline in Handsets due to a challenging memory/supply environment.
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Aug 07, 2026 08:12 AM ET