# Qualcomm reported second-quarter revenue of $10.60 billion, down 2% year-over-year.

*semiconductor · news · 2026-04-29 · Benzinga*

## Key points

- Qualcomm's QCT automotive revenue hit a record $1.33 billion, up 38% year-over-year.
- A new $20 billion share buyback program has been announced by Qualcomm.
- Qualcomm confirmed initial data center chip shipments for a leading hyperscaler later this year.
- An Investor Day on June 24 will detail Qualcomm's Data Center and Physical AI growth plans.

**Companies:** Qualcomm Inc

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/04/52149152/qualcomm-q2-highlights-double-beat-ceo-says-ai-opportunity-reshaping-our-roadmap-data-center-details-coming)

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