Qualcomm (QCOM) Posts Stellar Q2, Soars 15%

Qualcomm Inc. (NASDAQ:QCOM) is one of the 10 Stocks Delivering Eye-Popping Gains.

Qualcomm climbed by 15.12 percent on Thursday to finish at $179.58 apiece, as investors took heart from the company’s strong earnings performance in the second quarter of fiscal year 2026.

In an updated report, Qualcomm Inc. (NASDAQ:QCOM) said that its GAAP net income in the quarter ending March 2026 soared by 162 percent to $7.37 billion from $2.8 billion in the same period last year, despite revenues dipping by 3 percent to $10.6 billion from $10.98 billion year-on-year.

A Qualcomm employee on the job. Photo from Qualcomm website

Diluted earnings per share ended at $6.88, or 173 percent higher than the $2.52 in the same period a year earlier.

“We are pleased to deliver results in line with our guidance, reflecting solid execution as we navigate a challenging memory environment,” Qualcomm Inc. (NASDAQ:QCOM) President and CEO Cristiano Amon said.

“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,” he added.

Qualcomm Inc. (NASDAQ:QCOM) said that further details about its growth initiatives, including opportunities in data center and AI, are set to be released at its Investor Day on June 24.

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