qualcomm

Qualcomm released its Q3 2026 fiscal year financial report, with revenue of $9.95 billion, a year-on-year decrease of 4%, slightly higher than the market expectation of $9.67 billion; adjusted earnings per share were $2.21, basically in line with expectations; net profit was $2 billion. The chip business (QCT) revenue was $8.5 billion, of which mobile-related business was $5.1 billion, a year-on-year decrease of 20%; automotive electronics business revenue reached a record $1.59 billion, a year-on-year increase of 61%, achieving double-digit year-on-year growth for 23 consecutive quarters; Internet of Things business revenue was $1.83 billion, a year-on-year increase of 9%.Qualcomm expects adjusted earnings per share for Q4 to be between $2.05 and $2.25, below analysts' expectations of $2.36. CEO Cristiano Amon stated that revenue from Apple will enter a phase of accelerated decline, and due to supply chain constraints, Qualcomm's component share in the next-generation iPhone is "far below the previously estimated 20%." To cope with the contraction of its Apple business, Qualcomm is accelerating its diversification transformation, expecting its data center business to achieve approximately $5 billion in revenue by fiscal year 2027, and has completed the acquisition of AI software company Modular. Qualcomm plans to adjust prices for some products starting September 1 to address rising costs across the entire supply chain.

According to Jinshi reports, Meta, Microsoft, Qualcomm, and ARM will announce their Q2 2026 financial reports after the US stock market closes.

According to Jinshi, U.S. stock AI chip stocks showed mixed results before the market opened, with Qualcomm rising 13%, Intel up nearly 6%, AMD up nearly 4%, while Baidu fell 2% and Google dropped 1.4%.

According to Jinshi reports, Qualcomm's stock rose over 14% after hours, and Qualcomm's CFO stated that the goal is to achieve $5 billion in revenue from AI data center business by fiscal year 2027.

Qualcomm announced that it has reached an agreement to acquire Modular to strengthen its generative AI and agent-based AI software foundation for data centers and edge environments. The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions and regulatory approvals.Qualcomm stated that Modular provides an open AI-native software stack that enables AI to run efficiently across different hardware architectures. Its unified platform supports CPU, GPU, NPU, and custom ASIC architectures without the need to rewrite models for each type of accelerator. For developers and enterprises, this means they can build once and deploy in different environments while reducing overall ownership costs.Qualcomm noted that as AI scales, efficiency rather than capability is becoming the limiting factor. Performance per watt will impact inference costs, and costs determine whether AI can scale. This acquisition will further help Qualcomm provide a chip-agnostic computing layer between devices, edge, and data centers, improving performance per watt, increasing hardware flexibility, and expanding the open developer ecosystem.

According to Jinshi, Qualcomm's stock in the U.S. night market once rose over 4%, and the current increase has narrowed to 3%. The news states that Qualcomm is in talks with ByteDance to provide customized chip design services.

According to Gate market data, U.S. chip stocks generally fell before the market opened, with Intel (INTC.O) down 7.6%, AMD (AMD.O) down more than 6%, Qualcomm (QCOM.O) down 5.4%, and TSMC (TSM.N) down more than 4%. Baidu (BIDU.O), Broadcom (AVGO.O), and NVIDIA (NVDA.O) all fell by about 3%.

According to Gate market data, the three major U.S. stock indices closed higher, with the Dow Jones rising 0.05%, the S&P 500 index up 0.58%, and the Nasdaq up 0.91%. Qualcomm rose 4.24%, Microsoft rose 3.47%, IBM rose 3.53%, and American Rare Earths rose 5.58%. Micron Technology fell 0.53%, and Li Auto fell 1.52%.

According to Gate market data, U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average initially rising 0.58%, the S&P 500 index up 0.37%, and the Nasdaq up 0.19%. Qualcomm (QCOM.O) rose 11.6%, leading the AI chip sector, while AMD (AMD.O) increased nearly 4%. The Nasdaq Golden Dragon China Index closed down 2.2%, with NIO Inc. (NIO.N) falling over 7% and Baidu (BIDU.O) down 2.58%.

According to Gate market data, U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average initially down 0.65%, the S&P 500 index down 0.67%, and the Nasdaq down 0.84%. Micron Technology (MU.O) and Intel (INTC.O) rose by 2%, while Qualcomm (QCOM.O) fell nearly 4%. The Nasdaq China Golden Dragon Index slightly declined, with JD.com (JD.O) rising over 2% and Beike (BEKE.N) rising by 5%.

According to Jinshi, Qualcomm's stock rose over 5% in pre-market trading.

According to Gate market data, Microsoft (MSFT.O) and Qualcomm fell about 3% in after-hours trading, Google (GOOG.O) rose 2%, Amazon (AMZN.O) fell 4%, and Meta Platforms (META.O) fell 6%.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.24%, the S&P 500 down 0.15%, and the Nasdaq Composite down 0.17%. Microsoft (MSFT.O) fell 0.5%, as the company announced that its licensing agreement with OpenAI would become non-exclusive and it would no longer pay revenue sharing to OpenAI. Qualcomm (QCOM.O) rose 5.2%, as it was reported that OpenAI is collaborating with MediaTek and Qualcomm to develop mobile processors.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average up 0.66%, the S&P 500 index up 0.42%, and the Nasdaq Composite index up 0.33%. Qualcomm (QCOM.O) rose 3.2% as the company approved a $20 billion stock buyback plan and increased its dividend. Micron Technology (MU.O) rose 2.5% as the company began mass production of HBM4 memory for Nvidia. The Nasdaq Golden Dragon China Index rose 0.25%.

Chain Catcher News, at the 2022 World Artificial Intelligence Conference themed forum ------ Exploration. Industry Metaverse Forum, the "White Paper on Artificial Intelligence Generated Content (AIGC)" co-authored by the China Academy of Information and Communications Technology and JD Exploration Research Institute was officially released. At the forum, the preparation work for the "Virtual Reality and Metaverse Industry Alliance (XRMA)" led by the China Academy of Information and Communications Technology was initiated, which has currently attracted nearly 200 units including Huawei, Baidu, Qualcomm, Telecom Research Institute, SenseTime, and others, covering key aspects of the metaverse ecosystem such as virtual humans, immersive audio and video, key components, infrastructure, business platforms, and innovative applications. (Daily Economic News)