QCOM · News · 20260805N

Revenue Performance and Mix

QUALCOMM INC/DE · 2026-08-05 · Importance 47 · Surprise 48

Qualcomm’s Handsets segment declined 20% year over year amid weakness in the smartphone market. Automotive revenue increased 61% year over year, while IoT revenue grew 9% year over year. The mix shift toward Automotive and IoT supports Qualcomm’s target of accelerating non-handset revenue growth through 2029, although handset weakness continues to pressure overall revenue and earnings.

Key facts

• QUALCOMM's Handsets segment declined 20% year-over-year, Automotive grew 61% year-over-year, and IoT grew 9% year-over-year. source
• According to Seeking Alpha, management targets accelerated non-handset revenue growth and ambitious expansion into data centers, AI, and automotive markets (statement of strategic target). source