Chips & computeNorth America

Qualcomm’s auto chip sales nearly double as handset revenue falls

Cars brought Qualcomm’s chip unit within $10 million of a $2 billion quarter. The gain still fell short of the decline in phones.

iNewsChannel IntelligenceAI-assisted reporting · Source-linked analysis

Source published: Nov 4, 2026, 9:00 PM UTC
Published: Nov 5, 2026

1 min · Reading time

Paired bars compare handset, automotive and IoT chip revenue in two fiscal fourth quarters. — Graphic: iNewsChannel | Source: Qualcomm fiscal results · Original iNewsChannel editorial graphic · Qualcomm’s figures, in billions of US dollars. Both years use the same scale.

What happened

In the quarter ended September 27, QCT handset revenue fell from $6.961 billion to $5.137 billion year over year. Automotive rose from $1.053 billion to $1.990 billion; IoT reached $1.888 billion.

iNC / Analysis

Why it matters

The auto increase covered just over half the $1.824 billion handset decline. That explains how a record for one business can coexist with an 8% fall in companywide GAAP revenue to $10.322 billion.