QCOM · News · 20261106N
Handset Market Demand Trends
QUALCOMM INC/DE · 2026-11-06 · Importance 47 · Surprise 48
Qualcomm CDMA Technologies (QCT) revenue declined 8% year over year to $9.02 billion, while handset revenue fell 26% to $5.14 billion. The report attributes handset weakness to sluggish smartphone demand, elevated memory prices and declining Apple modem shipments. Qualcomm indicated its China Android business recovered sequentially in the September quarter after a June-quarter bottom, but expects global handset shipments to be flat to slightly lower in calendar 2027.