QCOM · Earnings call · 2026Q3T · Full report

Agentic AI Product Ecosystem

QUALCOMM INC/DE · 2026-11-04 · Importance 23 · Surprise 24

Management said consumer adoption of AI agents was increasing and cited Meta Muse reaching more than 10 million downloads in 40 days. Qualcomm identified agentic smartphones, smart glasses, and other personal AI form factors as emerging device categories, naming Meta Audio AI glasses, Muse Charm, Gemini Eyewear, and Alibaba Qwen AI glasses. It said customers were incorporating agentic features into flagship devices and that the first agentic smartphones had launched on Snapdragon. Qualcomm expected its premium-tier Android share position to strengthen as agentic smartphones increase compute content per device, with leading AI companies targeting local execution of 100-billion-parameter models with all-day battery life by 2028.

Key facts

• QUALCOMM INC/DE said the world's first agentic smartphones were launched on Snapdragon.
• QUALCOMM INC/DE said leading AI companies are targeting smartphones by 2028 that can run 100 billion-parameter models locally with all-day battery life.
• QUALCOMM INC/DE said Modular Cloud went live during the September 2026 quarter and was processing tens of trillions of tokens per month.
• QUALCOMM INC/DE said Meta Muse exceeded 10 million downloads in 40 days.