QCOM · News · 20260807N

Market Demand Trends

QUALCOMM INC/DE · 2026-08-07 · Importance 51 · Surprise 64

Qualcomm’s Handsets segment was reported down 20% year over year, indicating continued contraction in its core smartphone market. Automotive revenue increased 61% year over year, reflecting stronger demand for Qualcomm technologies in vehicle platforms. IoT revenue rose 9% year over year, providing additional diversification but not matching automotive’s growth rate. The company is targeting faster expansion in non-handset markets, including automotive, data centers, AI, and connected devices.

Key facts

• Qualcomm Inc (QCOM) stock rose by 3.30% on August 7, driven by stronger-than-expected fiscal third-quarter earnings and significant growth in the smartphone and AI hardware markets. source