Qualcomm: Fiscal Q3 Earnings Snapshot
- On Wednesday, Qualcomm Inc reported third-quarter revenue of $9.9 billion, surpassing Wall Street estimates of $9.67 billion, though adjusted earnings per share reached $2.21, missing the $2.23 estimate.
- Handset revenue fell 20% to $5.1 billion, while the company's automotive segment surged 61% to $1.59 billion, marking the 23rd consecutive quarter of double-digit growth for QCT.
- Qualcomm CEO Cristiano Amon noted revenue from Apple products will decline faster than expected in the fourth quarter, as supply constraints reduced its component share to well below the initial 20 percent estimate.
- Fourth-Quarter guidance projects revenue between $9.70 billion and $10.50 billion, with adjusted earnings per share between $2.05 and $2.25, as Amon warned rising supply chain costs necessitate price increases starting September 1.
- Qualcomm remains on track to reach $40 billion in non-handset revenue by fiscal 2029, with year-over-year growth in Data Center revenues accelerating from 24% in fiscal 2026 to over 60% in fiscal 2027.
26 Articles
26 Articles
Qualcomm won’t be a big datacenter player anytime soon
Qualcomm has predicted its entry to the datacenter market will yield $15 billion of annual revenue by FY 2029 – huge growth, but also a modest number compared to its more established rivals. The chip design firm dangled the $15 billion figure on Wednesday along with its Q3 results, which included a warning that revenue from its business selling modems to Apple is about to crater. Execs told investors that supply chain constraints mean Qualcomm e…
Apple's reliance on Qualcomm could decline faster than expected after Q4 2026
The 2026 iPhone lineup could divest further from Qualcomm as Apple increases use of its in-house C-series modem, though Qualcomm blames supply constraints on a faster-than-expected transition.iPhone 17e uses an Apple C-series modemQualcomm and Apple's relationship has been in question since Apple's release of an in-house C-series modem. While a contract between the companies is set to end in March 2027, Qualcomm is looking to use AI data centers…
Qualcomm says supply constraints are shrinking its Apple business
After Qualcomm released its quarterly report and projected weaker-than-expected profit for the current quarter, the company’s CEO told Reuters that supply constraints would cause its revenue from Apple products to decline faster than expected. Here are the details.
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