BTC $63,049.09 -0.00%
ETH $1,883.99 +0.08%
BNB $605.19 -0.88%
XRP $1.00 -0.28%
SOL $75.17 -0.43%
TRX $0.3315 +0.04%
DOGE $0.0698 -0.02%
ADA $0.1782 +0.18%
BCH $203.66 -0.01%
LINK $9.46 -1.25%
HYPE $57.69 +0.77%
AAVE $86.79 +0.24%
SUI $0.6765 -0.66%
XLM $0.1573 -0.34%
ZEC $490.82 +0.23%
BTC $63,049.09 -0.00%
ETH $1,883.99 +0.08%
BNB $605.19 -0.88%
XRP $1.00 -0.28%
SOL $75.17 -0.43%
TRX $0.3315 +0.04%
DOGE $0.0698 -0.02%
ADA $0.1782 +0.18%
BCH $203.66 -0.01%
LINK $9.46 -1.25%
HYPE $57.69 +0.77%
AAVE $86.79 +0.24%
SUI $0.6765 -0.66%
XLM $0.1573 -0.34%
ZEC $490.82 +0.23%

tomo

All
Article
Flash

hot_img Qualcomm's revenue in the third quarter reached $9.95 billion, exceeding expectations, but mobile business declined by 20%, while automotive business surged by 61%, setting a record

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.
app_icon
ChainCatcher Building the Web3 world with innovations.