As of Q1'26 (ending December 28, 2025), QCOM reported operation income of USD 3.37B, representing a slight year-over-year decline of -5.3%. This marks a decrease from the previous quarter, Q4'25, when operation income was USD 2.92B with a YoY growth of 13%. From Q2'23 to Q1'26, QCOM's operation income exhibited significant volatility. The company faced substantial declines through 2023, with YoY decreases exceeding -45%, but rebounded strongly in 2024, peaking at USD 3.56B in Q1'25 and achieving YoY growth as high as 83% in Q4'24. However, after this peak, growth moderated, and by Q1'26, operation income slightly contracted year-over-year, indicating a potential stabilization following the strong recovery phase.