Qualcomm Q3 2026: Revenue Hits $9.9 bn as Automotive Jumps 61%, IoT Reaches $1.83 bn and AI Diversification Accelerates

Qualcomm reported fiscal third-quarter 2026 revenue of $9.9 billion, a decline of about 4 percent year over year. The results highlight a major shift in Qualcomm’s business mix as the chipmaker expands beyond smartphones into automotive, IoT, data centers and artificial intelligence. Qualcomm Sound Platforms for Audio Experience The QCT semiconductor business generated $8.504 billion, down 5 percent from $8.993 billion a year earlier.