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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Non-GAAP EPS: $2.17 (Est. $2.16) โ , -28% YoY.
โข GAAP Revenue: $10.32B (Est. $10.14B) โ , -8% YoY.
โข Non-GAAP Revenue: $10.44B, -7% YoY.
โข GAAP EPS: $1.17 (vs. -$2.89 YoY).
โข Non-GAAP Net Income: $2.33B, -28% YoY.
โข FY2026 Revenue: $43.12B (Est. $42.87B) โ , -3% YoY.
โข FY2026 Non-GAAP EPS: $10.54 (Est. $10.52) โ , -12% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q1 FY2027 Revenue: $10.4Bโ$11.2B, midpoint $10.8B (Est. $10.56B) โ .
โข Q1 FY2027 Non-GAAP EPS: $2.15โ$2.35, midpoint $2.25 (Est. $2.29) โ.
โข Q1 QCT Revenue: $9.0Bโ$9.6B, including Data Center.
โข Q1 QTL Revenue: $1.3Bโ$1.5B.
โข FY2027 Data Center Revenue Target: $5B, reiterated.
โข FY2027 Non-Handset Revenue Growth: >60% YoY.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q4 revenue beat consensus by ~1.8%, while adjusted EPS was essentially in line.
โข Automotive revenue surged 89% YoY to $1.99B, approaching its first $2B quarter.
โข Handset revenue declined 26% YoY to $5.14B, weighing on overall QCT performance.
โข IoT revenue increased 4% YoY to $1.89B.
โข Combined Automotive and IoT revenue grew 36% YoY.
โข QCT revenue declined 8% to $9.02B, with EBT margin contracting 500 bps to 24%.
โข Renewed long-term licensing agreements with Apple, Huawei and Transsion.
โข Announced a multi-generational AI data center product collaboration with Amazon.
โข Expects non-handset revenue to grow more than 60% in FY2027, driven partly by the Data Center ramp.
โข Rising semiconductor manufacturing and packaging costs are pressuring margins, with pricing actions expected to fully benefit QCT gross margins in H2 FY2027.
โข Returned $11.67B to shareholders in FY2026 through $7.82B in buybacks and $3.85B in dividends.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โFiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business. Non-handset revenues are projected to grow by more than 60% year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5B.โ