QCOM · 10-K · 2026A · Full report

Handset Market Demand Trends

QUALCOMM INC/DE · 2026-11-04 · Importance 60 · Surprise 40

QCT handset revenue fell $3.721 billion year over year to $24.072 billion, primarily because chipset shipments to certain major OEMs declined. Customers adjusted build plans to reduce inventory amid memory supply constraints and related price increases. Qualcomm expects current memory constraints and pricing increases to adversely affect demand from several handset OEMs, with the impact dependent on memory availability, device pricing and end-consumer demand.

Key facts

• QUALCOMM INC/DE expects current memory supply constraints and related price increases to adversely affect demand from several handset OEMs and negatively impact its financial results; impact depends on future memory supply availability, memory and device pricing, and end-consumer demand. source
• QUALCOMM INC/DE's fiscal 2026 handset revenues declined primarily because chipset shipments to certain major OEMs were lower, as customers adjusted build plans to reduce inventory in response to memory supply constraints and related price increases. source