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Qualcomm
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Updated Jul 29, 2026
Qualcomm reports Q3 FY26 revenue $9.9B (-4% YoY); targets 60%+ non-handset growth in FY27
Qualcomm delivered Q3 FY26 revenues of $9.9 billion, down 4% year-over-year, as handset weakness offset automotive strength. The company projects a significant inflection in FY27, with non-handset revenues expected to accelerate from 24% growth in FY26 to greater than 60% in FY27, driven by data center expansion and the strategic acquisition of Modular Inc. to build an open software foundation for agentic AI. Management expects input cost headwinds from wafer fabrication, assembly, test, advanced packaging, and memory to persist, with pricing actions gradual in their margin benefit.
Tone: cautiousRevenue
$44.3B
QCOM 10-K · FY 2025
Employees
52,000
Revenue FY2024
$39B
Founded
1985
Profile
QCOM 10-K Item 1 · Nov 5, 2025Qualcomm is a global semiconductor and intellectual property licensing company that develops foundational technologies for on-device AI, high-performance computing, and advanced wireless connectivity. Its chips power mobile devices, automotive systems, and IoT products worldwide under the Snapdragon and Dragonwing platform families. Revenue is generated principally through integrated circuit product sales (QCT segment) and patent licensing (QTL segment).
Read filing description ↓ Collapse description ↑
We are a global technology leader, helping to bring intelligent computing everywhere through the development and commercialization of foundational technologies, including on-device artificial intelligence (AI), high-performance and low-power computing and advanced wireless connectivity. Our platforms help power intelligent devices that people and businesses rely on every day across industries and applications from handsets to other areas, including automotive and the internet of things (IoT). In automotive, our Snapdragon Digital Chassis platforms, including connectivity, digital cockpit and advanced driver assistance and automated driving (ADAS/AD), are helping to connect the car to its environment and the cloud, creating unique in-cabin experiences and enabling a comprehensive assisted and automated driving solution. In IoT, our inventions have helped power technology advancements in industries and applications such as consumer (including personal computers (PCs), extended reality (XR) and other personal computing devices), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, tracking and logistics and utilities). We derive revenues principally from sales of integrated circuit products, including our Snapdragon and Qualcomm Dragonwing families of highly-integrated, system-based solutions, and licensing of our intellectual property, including patents and other rights. We have three reportable segments: QCT (semiconductor products), QTL (technology licensing), and QSI (strategic investments). We also have nonreportable segments including QGOV and a Data Center business. For 40 years, we have been a leader in helping set industry standards and creating era-defining technology breakthroughs.
Primary products
- Snapdragon mobile platforms
- Snapdragon compute platforms
- Snapdragon automotive platforms
- Snapdragon Digital Chassis
- Qualcomm Dragonwing industrial and edge networking IoT solutions
- Qualcomm Oryon CPU
Business segments
End markets
Geographies
Named customers
In fiscal 2025, revenues from Apple, Samsung and Xiaomi each comprised 10% or more of our consolidated revenues.
Named competitors
“Although we have attained a significant position in the semiconductor industry, many of our current and potential competitors may have advantages over us.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Revenues increased by 14% in fiscal 2025 compared to fiscal 2024, driven primarily by a $5.1 billion increase in QCT equipment and services revenue.
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