Qualcomm reported Q2 fiscal 2026 revenue of $10.6 billion and adjusted EPS of $2.65, surpassing analyst expectations. The company saw a 38% year-over-year surge in automotive revenue to $1.33 billion, with IoT also growing 9%, offsetting a 13% decline in its handset business. CEO Cristiano Amon highlighted Qualcomm's expanding AI strategy and entry into the data center market, with initial shipments expected later this year. Despite a cautious Q3 revenue outlook below estimates, Qualcomm authorized a $20 billion share buyback program, signaling confidence in its diversified growth areas.
Qualcomm has been upgraded to a buy rating due to its strategic shift towards data centers and a growing automotive segment, which are expected to drive future revenue growth. The company aims to double its non-handset revenue to $40 billion by fisca...
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
The global industrial semiconductor market, valued at $98.35 billion in 2025, is projected to grow to $329.73 billion by 2035, with a CAGR of 12.86%. Growth is fueled by increasing adoption of AI-powered industrial automation, electric vehicles, smar...
