Qualcomm Q4 phone revenue falls 26%, autos and data center take over: what are the key facts?

Qualcomm reported GAAP revenue of $10.3 billion for the fourth quarter of fiscal 2026, down 8.4% year over year.

Qualcomm Q4 phone revenue falls 26%, autos and data center take over: what are the key facts?

Handset revenue for the quarter was $5.14 billion, down 26.2% year over year and below market expectations.

Qualcomm Q4 phone revenue falls 26%, autos and data center take over: what are the key facts?

Automotive revenue reached $1.99 billion, up 89% year over year, as the fifth-generation Snapdragon digital chassis began shipping.

Qualcomm Q4 phone revenue falls 26%, autos and data center take over: what are the key facts?

The company guided data center revenue above $650 million for next quarter, with a full-year target of $5 billion.

Qualcomm Q4 phone revenue falls 26%, autos and data center take over: what are the key facts?

Qualcomm expects revenue of $10.4 billion to $11.2 billion for the first quarter of fiscal 2027, broadly in line with expectations.

Physix Frontier · News Briefing Card (enbrief · Nov 8, 2026)

Qualcomm Q4 phone revenue falls 26%, autos and data center take over

KEY FACTS

Qualcomm reported GAAP revenue of $10.3 billion for the fourth quarter of fiscal 2026, down 8.4% year over year.
Handset revenue for the quarter was $5.14 billion, down 26.2% year over year and below market expectations.
Automotive revenue reached $1.99 billion, up 89% year over year, as the fifth-generation Snapdragon digital chassis began shipping.
The company guided data center revenue above $650 million for next quarter, with a full-year target of $5 billion.
Qualcomm expects revenue of $10.4 billion to $11.2 billion for the first quarter of fiscal 2027, broadly in line with expectations.

KEY DATA

$10.3 billionGAAP revenue

$5.14 billionHandset revenue

$1.99 billionAutomotive revenue

Above $650 millionNext-quarter data center revenue guidance

PHYSIX OBSERVATION

Qualcomm's handset base business is being squeezed from both sides by Apple's modem exit and memory price hikes, leaving little room for a near-term rebound. Autos and data center are ramping fast, but custom chips carry lower gross margins and actually drag down overall profitability. The real test is whether the fiscal 2027 price increases materialize and whether the $5 billion data center target lands on schedule.

Source: enbrief original report ↗