Industry Newsmobile socsautomotiveiotqualcomm
Qualcomm Forecasts Handset Revenue Decline, Growth In IoT
5.1
Qualcomm faces near-term headwinds from smartphone memory shortages and projects a 15.1% decline in Handset revenue for 2026. Despite softness, the Snapdragon 8 Elite Gen 5 leads multi-core benchmarks, and Qualcomm expects Automotive and IoT segments to grow at 22% and 21% CAGRs through fiscal 2029, partially offsetting handset weakness.
Key Points
- 1Projects a 15.1% Handset revenue decline in 2026 due to smartphone memory shortages.
- 2Highlights Snapdragon 8 Elite Gen 5 multi-core benchmark leadership, sustaining premium smartphone SoC competitiveness.
- 3Signals Automotive and IoT 22% and 21% CAGRs through FY2029, partially offsetting handset weakness.
Scoring Rationale
Moderate novelty and actionable segment forecasts drive score, limited by dependence on a single analyst and market uncertainty.
Sources
Public references used for this report.
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