Qualcomm Reports Third Quarter Fiscal 2026 Results and Business Outlook

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The company highlighted strong growth in its QCT Automotive and IoT segments, with combined revenues growing 28% year-over-year. Qualcomm also completed the acquisition of Modular Inc., creating an open software foundation for generative and agentic AI. The company expects non-handset revenues to accelerate from 24% in fiscal 2026 to over 60% in fiscal 2027. Qualcomm returned $2.3 billion to stockholders during the quarter, including cash dividends and share repurchases.

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About Qualcomm Inc.

Qualcomm Inc. is a global leader in the semiconductor and telecommunications equipment industries, primarily renowned for its advancements in wireless technology. The company is pivotal in developing and commercializing digital communication technologies, including 3G, 4G, and the latest 5G standards. Qualcomm's portfolio includes Snapdragon processors and modems, which are integral to the performance and connectivity features of many modern smartphones and other smart devices. With a presence in mobile, automotive, and IoT sectors, Qualcomm's innovations have a profound impact on enhancing wireless communication capabilities and powering connected experiences around the world. Additionally, Qualcomm licenses its vast array of patents to numerous device manufacturers, playing a crucial role in the evolution and deployment of new telecommunications technologies. As such, Qualcomm Inc. holds a significant position in the global technology market, driving the infrastructure for cutting-edge connectivity solutions.