Qualcomm's adjusted revenue for the fourth fiscal quarter was US$10.44 billion, down 7.3% year on year, higher than expected; adjusted earnings per share were US$2.17, or US$3 for the same period last year, slightly exceeding expectations. Automotive business revenue was US$1.99 billion, up 89% year on year; IoT revenue was US$1.89 billion, up 4.5% year on year. Adjusted operating profit was US$2.77 billion, down 27% year over year. Capital expenditure for the year was $2.49 billion, higher than expected. Guidance for the next fiscal quarter: Revenue of US$10.4 billion to US$11.2 billion, adjusted earnings per share of US$2.15-2.35, weak earnings guidance. CEO Anmon stated: Non-mobile phone revenue will begin to increase rapidly in FY2027. It is expected to increase by more than 60% year on year, maintaining the data center business revenue target of 5 billion US dollars; product price increases to hedge costs, and the benefits will be reflected in QCT gross profit margin in the second half of fiscal year 2027.

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