Free · no account · quoted from the filing

What changed in QCOM's 10-Q

Source: 10-Q filed 2026-04-29 · compared against 10-Q 2026-02-04. Every passage below is quoted verbatim from the filing itself.

Financial Results

This filing

Revenues for the second quarter of fiscal 2026 were $10.6 billion, a decrease of 3% compared to the year ago quarter, with net income of $7.4 billion, an increase of 162% compared to the year ago quarter.

Tax Items

This filing

We recorded a $5.7 billion income tax benefit to release a valuation allowance in the second quarter of fiscal 2026 as we now expect to realize substantially all of our existing federal deferred tax assets

Balance Sheet

This filing

Short-term debt 498

Segments

This filing

QCT revenues decreased by 4% in the second quarter of fiscal 2026 compared to the year ago quarter due to lower handset revenues

Guidance

This filing

partially offset by an increase in inventory reflecting certain customer demand impacts from memory supply constraints

Cash Flows

This filing

$5.4 billion in payments to repurchase 34 million shares of our common stock

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.