QCOM · News · 20261105N

Handset Market Demand Trends

QUALCOMM INC/DE · 2026-11-05 · Importance 45 · Surprise 48 · No source text

Qualcomm’s QCT handset revenue fell 26.2% year over year to $5.14 billion in fiscal fourth-quarter 2026. Reports attributed the decline to industrywide memory constraints and higher memory prices, as well as reduced chipset demand and modem demand. The weakness highlights pressure in Qualcomm’s core smartphone market.

Key facts

• Qualcomm's Q4 handset chip revenue fell 26% year over year to $5.14 billion, reflecting higher memory costs and reduced modem demand as Apple continues to develop its own technology. source
• Qualcomm shares fell 10% after quarterly smartphone-chip division revenue dropped 26% to $5.14 billion due to high memory costs. source
• Q4 handset revenue dropped 26% to $5.14 billion. source
• Q4 handset revenue fell 26.2% to $5.14 billion, reflecting industrywide memory constraints, higher prices, and reduced chipset demand. source
• Q4 handset sales fell 26% to $5.14 billion. source
• Qualcomm shares fell more than 9% in extended U.S. trading after Q4 handset chip revenue missed expectations. source
• Q4 fiscal 2026 QCT handset revenue was $5.1 billion, reflecting industry-wide memory dynamics in the global smartphone market. source

Impact estimates