Qualcomm's September-Quarter Revenue Falls 8% as Handset Slump Outweighs Automotive Gains
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6 Articles
Qualcomm's September-quarter revenue falls 8% as handset slump outweighs automotive gains
Qualcomm's fiscal fourth quarter showed a company whose growth now comes almost entirely from outside the smartphone, but not yet at a scale that can offset a shrinking handset business. Revenue fell 8% from a year earlier to US$10.3 billion for the three months ended September 27, according to the company's November 4 earnings release, as a memory-driven downturn in phone demand weighed on its largest product line while automotive chips grew sh…
Qualcomm, the manufacturer of the Snapdragon chips we use in phones, is experiencing a sharp decline in revenue from phone sales while rapidly growing its automotive and AI data center businesses. How does this transformation mean for your phone and everyday technology?
Qualcomm's fourth-quarter results for fiscal year 2026 highlight automotive, IoT, and data center segments against a 26% decline in handset revenue. The Amazon warrant, QTL renewals, and the SpaceX deal offer new layers of visibility for investors.
Qualcomm's revenue drops 7% to $10.7 billion and financial director warns that presence on iPhones will be ever smaller.
[Digital Daily Reporter Kim Moon-ki] Despite slowing smartphone demand, Qualcomm boosted its net profit for fiscal year 2026 by 146% year-over-year, driven by the first-ever quarterly revenue of automotive semiconductors surpassing $2 billion and growth in the Internet of Things (IoT) sector. On the 4th (local time), Qualcomm announced its results for the fourth quarter and full year of fiscal year 2026, which ended September 27, reporting annu…
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