Qualcomm FY Q2 2026 earnings highlight a mobile industry under pressure from the memory shortage
androidcentral.com Apr 30, 2026

Qualcomm FY Q2 2026 earnings highlight a mobile industry under pressure from the memory shortage

AI-summarised brief · reviewed before publication

Qualcomm reported a 3% decrease in revenue for fiscal year Q2 2026, reaching $10.6 billion. The decline aligns with expectations and suggests the company is feeling the effects of the ongoing RAM shortage. Qualcomm's QCT division saw a 13% year-over-year revenue decline, while Automotive and IoT segments increased by 38% and 9%, respectively. The company's FY Q3 guidance fell below analyst expectations due to lower channel inventory from OEMs, particularly in China.

💡 Why It Matters

  • · The memory shortage is not only affecting Qualcomm's revenue but also driving up prices for smartphones, making it harder for consumers to afford them.
  • · As companies like Motorola raise prices across their lineups, it's clear that the shortage is having a profound impact on the industry, and it remains to be seen when it will end.