Qualcomm guides first-quarter non-GAAP EPS of $2.15 to $2.35

Qualcomm has reported fiscal fourth-quarter non-GAAP earnings of $2.17 a share for the period ended September 27, 2026. The company guides first-quarter fiscal 2027 non-GAAP earnings to $2.15 to $2.35 a share.

Fourth-quarter revenue fell from a year earlier. GAAP revenue was $10,322 million, down 8% from $11,270 million. Non-GAAP revenue was $10,442 million, down 7%. GAAP diluted earnings were $1.17 a share. Non-GAAP earnings of $2.17 a share were down 28% from $3.00 a share a year earlier.

Handset sales dropped. Automotive set a quarterly record. QCT handset revenue was $5,137 million, down 26%. Automotive revenue was $1,990 million, up 89%, which Qualcomm calls its first $2 billion automotive quarter. IoT revenue was $1,888 million, up 4%. Total QCT revenue was $9,015 million, down 8%.

The next-quarter outlook is a range, not a point. Qualcomm guides first-quarter fiscal 2027 revenue to $10.4 billion to $11.2 billion. GAAP diluted earnings guidance is $1.03 to $1.23 a share. The non-GAAP range is $2.15 to $2.35. Cristiano Amon, president and chief executive, said fourth-quarter non-GAAP revenue came in "at the high end of our guidance."

The company restated two fiscal 2027 targets. Amon said non-handset revenue is projected to grow by more than 60% year over year, and the company is reiterating a fiscal 2027 data-center revenue target of $5 billion. Both figures are projections, not results. The release does not state an after-hours share move.