QCOM · 10-Q · 2026Q2 · Full report

Market Demand Trends

QUALCOMM INC/DE · 2026-07-29 · Importance 71 · Surprise 48

QCT handset revenue declined by $1.242 billion year over year in the third quarter and by $1.897 billion in the first nine months of fiscal 2026. Several major handset OEMs reduced chipset shipments and adjusted build plans to lower inventories because of memory supply constraints and related price increases. Management expects these conditions to continue adversely affecting demand from several handset OEMs, with the impact dependent on memory availability, device pricing and end-consumer demand.

Key facts

• We expect recent memory supply constraints and related pricing increases to adversely affect demand from several handset OEMs and negatively impact our financial results in the next several quarters. source