QCOM · 10-Q · 2026Q2 · Full report

Competition and Market Share

QUALCOMM INC/DE · 2026-07-29 · Importance 64 · Surprise 42 · In source text

Qualcomm expects continued intense competition, including vertical integration by major customers such as Apple and Samsung. Apple already uses its own modem in certain smartphones instead of Qualcomm products, and Qualcomm expects Apple to increasingly use internally developed modem products in future devices. Management warns that this transition will have a significant negative impact on QCT revenues, results of operations and cash flows.

Key facts

• We expect continued intense competition, including from vertical integration by certain of our customers (for example, Apple and Samsung), and expect Apple will increasingly use its own modem products which will have a significant negative impact on our QCT revenues. source

Impact estimates