QCOM · News · 20260827N

Market Demand Trends

QUALCOMM INC/DE · 2026-08-27 · Importance 32 · Surprise 24

Qualcomm continues to face handset-market pressure, including expected mixed handset metrics in fiscal fourth quarter 2026 and fiscal 2027. Apple customer attrition and a memory and storage supply crunch are identified as additional headwinds for handset demand. Accelerating data-center and automotive monetization are expected to increasingly offset handset weakness, supporting Qualcomm’s diversification toward non-handset markets.