Qualcomm announced its fourth-quarter and full-year fiscal 2026 financial results on November 4. Fourth-quarter revenue came in at $10.322 billion, down 8% year over year, while net income was $1.251 billion, compared with a net loss of $3.117 billion a year earlier. Full-year revenue totaled $43.12 billion, down 3% year over year, and net income reached $13.628 billion, up 146% year over year, largely due to a $5.7 billion income tax benefit. On a non-GAAP basis, full-year revenue was $43.24 billion, down 2% year over year, and net income was $11.311 billion, down 15% year over year. By business segment, automotive full-year revenue reached $6.004 billion, up 52% year over year, while IoT revenue rose 8%. Qualcomm expects non-handset revenue to grow by more than 60% in fiscal 2027 and reiterated its target of $5 billion in data center revenue.