Qualcomm Reports Q4 2026 Results with Strong Automotive Growth Amid Handset Decline
Qualcomm (QCOM) reported fourth-quarter non-GAAP revenue of $10.4 billion, hitting the high end of management's guidance despite a significant drop in earnings per share to $2.17 from $3.00 in the prior year. The results highlight a major strategic shift as the company diversifies away from its traditional handset core; while QCT Handset revenue fell 26% due to industry-wide memory dynamics and Apple transitions, the Automotive segment saw an explosive 89% increase to $2 billion. Looking ahead, Qualcomm is aggressively pivoting toward data center and AI infrastructure. Management provided optimistic guidance for fiscal 2027, projecting non-handset QCT revenue growth of over 60%. The company also highlighted a massive potential $60 billion opportunity with Amazon regarding custom silicon for AI inference. While custom silicon engagements may temporarily dilute gross margins, the long-term focus remains on scaling automotive and data center run rates.
Tickers: $AAPL $AMZN $META $QCOM
Topics: automotive segment guidance handset revenue decline iot growth revenue growth
Read the full article at Motley Fool
Part of the story Qualcomm Reports Q4 2026 Results with Strong Automotive Growth Amid Handset Decline (4 articles)