# Qualcomm’s smartphone chip sales miss estimates, shares fall

- URL: https://talkfuse.com/story/qualcomms-smartphone-chip-sales-miss-estimates-shares-fall/
- Published: 2026-11-04T21:05:55+00:00
- Updated: 2026-11-05T03:37:28+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/qualcomms-smartphone-chip-sales-miss-estimates-shares-fall-6525471
- Topics: Business, Gadgets, Markets, Technology, World

## Key points

- Qualcomm’s handset revenue fell 26 per cent to $5.14 billion.
- Smartphone shipments hit a 14-year low in the September quarter.
- The company expects data-centre growth to offset lost Apple sales.

## Summary

Qualcomm’s fourth-quarter smartphone chip sales missed analysts’ estimates, and its shares fell more than 6 per cent in extended trading. Weak handset demand and declining revenue linked to Apple weighed on its core business, overshadowing a stronger forecast for its emerging data-centre segment.

Handset revenue fell 26 per cent to $5.14 billion, while revenue from Qualcomm’s chip segment declined 8 per cent to $9.02 billion. Counterpoint Research estimated global smartphone shipments dropped 20 per cent in the September quarter to a 14-year low, amid rising memory costs. Qualcomm expects first-quarter revenue of $10.4 billion to $11.2 billion and says its forecast assumes no further Apple sales; it is targeting $15 billion in annual data-centre revenue by fiscal 2029.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.