Qualcomm Incorporated announced its fiscal third quarter results ended June 28, 2026. "Despite a challenging memory and supply environment, our third quarter results reflect solid execution of our growth strategy, with quarterly revenues at the high end of guidance," stated Cristiano Amon, President and CEO. He added that Qualcomm is well-positioned to achieve its vision of nearly doubling total non-handset revenues to $40 billion by fiscal 2029.

In the near term, the company anticipates year-over-year growth in non-handset revenues, including Data Center, to accelerate significantly. This growth is expected to jump from 24% in fiscal 2026 to greater than 60% in fiscal 2027, marking a key inflection point for their growth strategy.

During the third quarter of fiscal 2026, Qualcomm returned $2.3 billion to stockholders through cash dividends and share repurchases. The company is also addressing increased input costs in the semiconductor industry by adjusting product pricing, expecting these changes to improve gross margins over time.