QCOM · Earnings call · 2026Q3T · Full report

Automotive Market Expansion

QUALCOMM INC/DE · 2026-11-04 · Importance 81 · Surprise 64 · No source text

Qualcomm said automotive revenue reached an approximately $8 billion annualized run rate exiting fiscal 2026, ahead of its prior expectation, and fourth-quarter automotive revenue grew nearly 90% year over year. Commercial shipments of its fifth-generation Snapdragon Digital Chassis began in the September quarter and were expected to ramp through fiscal 2027. Management said the platform delivers a substantial generation-to-generation content increase and that products are evolving from SoCs to integrated compute modules. It attributed much of automotive growth to share gains as design wins convert to revenue, citing an eightfold increase in silicon content between Ford’s third-generation platform and the fifth-generation platform.

Key facts

• QUALCOMM INC/DE delivered its first $2 billion QCT automotive revenue quarter in fiscal Q4 2026, growing 89% year over year.
• QUALCOMM INC/DE fiscal Q4 2026 automotive revenue grew nearly 90% year over year.
• QUALCOMM INC/DE reported fiscal Q4 2026 QCT automotive revenue of $2 billion, up 89% year over year.
• QUALCOMM INC/DE's automotive business exited fiscal 2026 at an approximately $8 billion annualized revenue run rate, $1 billion ahead of expectations.
• QUALCOMM INC/DE said the silicon content in cars using Ford's third-generation platform is 8 times the silicon content versus the fifth generation.
• QUALCOMM INC/DE said its automotive growth is largely share gains as design wins convert into revenue, with a step-function increase in SoC revenue expected to continue.

Impact estimates