[Qualcomm Q3 Earnings Down 4% Year-on-Year, Stock Drops Nearly 4% After Hours] BlockBeats News, July 30, Qualcomm (QCOM.O) reported fiscal year 2026 Q3 revenue of $9.95 billion, compared to $10.365 billion in the same period last year, a year-on-year decrease of 4%. Market expectations were $9.66 billion. The company forecasts Q4 revenue to be between $9.7 billion and $10.5 billion, with market expectations at $10.02 billion. Revenue from Apple-related products is expected to decline at an accelerated pace starting in Q4. In the short term, non-mobile business revenue, including data centers, is projected to grow from a 24% rate in fiscal year 2026 to over 60% in fiscal year 2027. In fiscal year 2026, unprecedented increases in memory prices and supply shortages created cyclical headwinds for the global smartphone industry. Non-mobile business revenue growth in fiscal year 2027 is expected to surpass the total revenue from Apple products in fiscal year 2026. As of the time of publication, Qualcomm's stock was down 3.97% after hours.