QCOM · Earnings call · 2026Q3T · Full report

QTL Licensing Agreement Renewals

QUALCOMM INC/DE · 2026-11-04 · Importance 46 · Surprise 42

Qualcomm completed long-term QTL license agreements with Apple, Huawei, and Transsion during fiscal 2026. Management said the QTL revenue run rate and long-term revenue forecast remain unchanged following the renewals. The company said it has no upcoming license renewals with major handset OEMs for the next several years, and the next renewal cycle begins in fiscal 2030. Management described the agreements as providing stability for QTL as the industry moves toward 6G.

Key facts

• QUALCOMM INC/DE renewed QTL licensing agreements with Apple, Huawei, and Transsion.
• QUALCOMM INC/DE completed long-term license agreements with Apple, Huawei, and Transsion and has no upcoming license renewals with major handset OEMs for the next several years.
• QUALCOMM INC/DE said the next QTL renewal cycle begins in fiscal 2030.
• QUALCOMM INC/DE said its QTL revenue run rate remained unchanged following the licensing renewals.
• QUALCOMM INC/DE's QTL long-term revenue forecast remained unchanged following its license agreements with Apple, Huawei, and Transsion.
• QUALCOMM INC/DE said its QTL revenue run rate and long-term revenue forecast remained unchanged after the completed long-term license agreements.