QCOM · Earnings call · 2026Q3T · Full report

Automotive Connectivity Partnership

QUALCOMM INC/DE · 2026-11-04 · Importance 53 · Surprise 60 · In source text

Qualcomm said SpaceX selected it to power Starlink Mobile’s nationwide terrestrial 5G network in the United States under a multiyear agreement, with deployment beginning in 2027. Its Dragonwing infrastructure platforms will combine massive MIMO, purpose-built RAN processing, and commercial-grade Layer 1 software. Management described the deployment as expected to be one of the largest 5G deployments in the country and said the agreement was a significant infrastructure win. It later clarified that revenue would begin appearing as fiscal 2027 ends and would be primarily a fiscal 2028 story.

Key facts

• QUALCOMM INC/DE reached a strategic agreement with SpaceX to power Starlink Mobile's nationwide terrestrial 5G network in the United States.
• QUALCOMM INC/DE was selected by SpaceX to power Starlink Mobile's nationwide terrestrial 5G network in the United States.
• QUALCOMM INC/DE said SpaceX Starlink-related revenue should begin appearing as it exits fiscal 2027 and is primarily a fiscal 2028 revenue story.
• QUALCOMM INC/DE will provide silicon content for radio, including massive MIMO, an accelerator for the digital unit, and Layer 1 software for the Starlink terrestrial network.
• QUALCOMM INC/DE's multiyear SpaceX agreement provides for deployment beginning in 2027.
• QUALCOMM INC/DE's Dragonwing infrastructure platforms for the Starlink network will combine massive MIMO, purpose-built RAN processing, and commercial-grade Layer 1 software.
• QUALCOMM INC/DE said the Starlink deployment is expected to be one of the largest 5G deployments in the United States.

Impact estimates