You will need to convert the input frame pixel by pixel from YUV( yes, YUV ), to RGB( meaning you store the pixel data to a QImage or QPixmap ).
Information about conversion formulas you can find here:
http://en.wikipedia.org/wiki/YUY2,
http://www.fourcc.org/fccyvrgb.php, and here
http://www.fourcc.org/fccyvrgb.php.
First you need to initialize the QImage to the dimensions of the frame, Next you just process the frame starting from the first pixel, and set the RGB data at the corresponding location in the QImage.
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