Tech Giant QUALCOMM Incorporated (Nasdaq: QCOM) Shares Surge Double Digits on Solid Q2 FY2026 Earnings Report

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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