As of Q1'26 (2025-12-28), Qualcomm's net income reached USD 3B, following a significant rebound from a sharp loss of USD -3.1B in the previous quarter (Q4'25). The latest year-over-year growth rate stands at -5.5%, indicating a slight decline compared to the same period last year. Over the period from Q2'23 to Q1'26, Qualcomm's net income exhibited considerable volatility. After a period of moderate growth through 2024, the company experienced a dramatic downturn in Q4'25, posting a substantial net loss. However, this was immediately followed by a strong recovery in Q1'26. Year-over-year growth rates fluctuated accordingly, with negative growth dominating 2023, a return to positive territory in 2024, and a pronounced dip in Q4'25 before partially stabilizing. This pattern highlights both the cyclical nature and the sensitivity of Qualcomm's earnings to market or operational disruptions.