Insight - Qualcomm Fiscal Q2 2026 Financial Results

Qualcomm’s Q1 2026 results highlight strong automotive growth toward a $5B run rate, new AI datacenter opportunities, and a mobile business nearing a bottom.

Calendar year Q1 2026 quarterly earnings results and commentary on Qualcomm Inc., corresponding to its fiscal Q2 2026. The company spotlighted significant gains in its automotive business unit, with Qualcomm now expecting the annual run rate for automotive chips to reach $ 5B. In addition, market shifts in the AI boom have opened up new inferencing opportunities for Qualcomm in the AI datacenters with its processors, accelerators, and custom chip as a result of the recent Alphawave acquisition. As for the traditional core mobile phone business, as predicted, it is not growing due to OEM customers' response to the memory price hikes and supply chain issues. Qualcomm expects the mobile segment to “bottom out” in the June quarter and return to modest growth thereafter. Technological shifts in mobile AI and the Chinese Android ecosystem are likely to drive that anticipated growth.