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Qualcomm’s automotive surge puts handset weakness in the rear-view mirror

Qualcomm’s fiscal 2026 results exposed a sharp split in its business: handset revenue fell heavily, while automotive reached a record US$2 billion quarter and management reiterated its US$5 billion data-centre target. Reported profit was lifted by a large tax benefit, making non-GAAP earnings the clearer measure of underlying performance.
Victor Sage
5 Nov 2026