Company Earnings: Qualcomm Q4 2025

Qualcomm warns of a mobile slowdown as Q4 2025 results highlight rising memory costs that pressure smartphone demand despite resilient flagships.

Calendar year Q4 2025 quarterly earnings results and commentary on Qualcomm Inc. correspond to its fiscal Q1 2026. With the specter of tight mobile memory supply and higher costs, Qualcomm, along with its counterparts in the mobile chipset industry, is warning of a significant slowdown in the mobile segment as BOM cost increases due to memory are expected to lower demand for overall smartphone builds. While flagship devices are better positioned to weather the cost increases in 2026, the net effect combined with slowing smartphone growth will keep downward pressure on the overall smartphone industry.