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(Investorideas.com
Newswire) a go-to platform for big investing ideas, including tech
stocks, issues market commentary on trending stock tech (Nasdaq: QCOM).
With big tech stocks leading the charge today, QUALCOMM Incorporated
(Nasdaq: QCOM) is trading at $181.19 +25.19 (+16.15%) following
second-quarter results, with AI playing a key role.
Second Quarter Fiscal 2026 Results
Revenues: $10.6 billion
GAAP EPS: $6.88, Non-GAAP EPS: $2.65
—Record Quarterly QCT Automotive Revenues—
—Diversification: Combined QCT Automotive and IoT Revenues
Grew 20% Year-Over-Year—
—Completed $5.4B of Share Repurchases in First Half of Fiscal
2026 and Announced New $20B Authorization—
“We are pleased to deliver results in line with our guidance,
reflecting solid execution as we navigate a challenging memory
environment,” said Cristiano Amon, President and CEO of
Qualcomm Incorporated.
“We are in a period of profound industry
transformation—the rise of AI agents is reshaping our
roadmap across every platform we develop. We are equally excited
by our entry into the data center, where a leading hyperscaler
custom silicon engagement is on track for initial shipments later
this calendar year.
“We look forward to providing an update on our growth initiatives,
including opportunities in Data Center and Physical AI, at our
Investor Day on June 24.”
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