Qualcomm Estimates Faster-Than-Expected Decline in Revenue from Apple's Modem Business
2 day ago / Read about 0 minute
Author:小编   

Chip giant Qualcomm has indicated that the decline in revenue from Apple will be faster than expected. Qualcomm CEO Cristiano Amon revealed this information following the release of the fiscal third quarter 2026 financial results. The report showed that Qualcomm's revenue for the third fiscal quarter was $9.95 billion, a 4% decrease year-over-year, with a net profit of $2 billion. Among these figures, the chip business revenue was $8.5 billion, with a 20% year-over-year decrease in revenue from mobile-related businesses, while automotive electronics business revenue increased by 61% year-over-year. Qualcomm plans to raise product prices starting from September 1 to restore its gross margin.