Qualcomm forecasts weak profit as Apple component revenue set to fall sharply

Qualcomm Apple memory shortage price hike automotive chip growth

Qualcomm reported third‑quarter revenue of $9.9 billion, down about 4% year‑over‑year, and net profit of $2.0 billion, a 25% decline. Handset‑chip sales fell 20% to $5.1 billion. The company forecast fourth‑quarter revenue of $9.7‑$10.5 billion and adjusted earnings of $2.05‑$2.25 per share, both below Wall Street expectations. It warned that revenue from Apple products will decline faster, expecting its share of components in the next iPhone to drop well below the earlier 20% estimate, and announced a company‑wide price increase starting September 1, 2026. While its automotive and IoT divisions grew strongly – automotive chip sales rose 61% and IoT revenue 9% – the overall business faces pressure from soaring memory‑chip costs.

Apple is expected to post its strongest June‑quarter revenue in five years, around $108.6‑$109 billion, a 15.5% increase year‑over‑year, driven by a 3% rise in iPhone shipments that lifted its global market share to roughly 20%. The company kept iPhone prices unchanged but raised prices for iPads and MacBooks to offset higher component costs.

Both companies cite memory‑chip shortages and higher input costs as the main headwinds, while Qualcomm aims to expand non‑handset revenue through data‑center and AI‑related chips.

Entities

Apple Inc. · Arm Holdings · China · China Academy of Information and Communications Technology (CAICT) · Counterpoint Research · Cristiano Amon · Dan Morgan · Memory component prices · Qualcomm Inc. · San Diego · Smartphone chipset market · iPhone

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Apple held roughly 18% share of the Chinese smartphone market in Q2 2026.
[○ 1 SOURCE] Total smartphone shipments in China fell 15.3% year‑on‑year to 19.15 million units in June 2026.
[○ 1 SOURCE] Apple shares have risen about 25% this year, briefly pushing its market value above $5 trillion. techeconomy.ng
[○ 1 SOURCE] Apple kept iPhone prices unchanged while many competitors raised smartphone prices during the quarter. techeconomy.ng
[○ 1 SOURCE] Apple iPhone shipments in China rose 66.3% year‑on‑year to 3.28 million units in June 2026.
[○ 1 SOURCE] The quarter would represent Apple’s strongest June‑quarter revenue growth in five years. techeconomy.ng
[○ 1 SOURCE] Apple is forecast to post $108.65 billion revenue for its April‑June 2026 quarter, a 15.5% YoY increase. techeconomy.ng
[○ 1 SOURCE] Global iPhone shipments increased 3% in the quarter, raising Apple’s smartphone market share to nearly 20%. techeconomy.ng
[DISPUTED] Qualcomm's revenue for the quarter was $9.95 billion, above analyst expectations of $9.69 billion. cashcow.nl · bitfinanzas.com · www.thurrott.com
[● 3 SOURCES] Qualcomm announced a quarterly dividend of $0.92 per share, annualized to $3.68 with a 2.4 % yield. cashcow.nl · www.thurrott.com
[● 4 SOURCES] Handset chipset revenue (QCT) was $8.5 billion, down 5 % YoY. www.thurrott.com · cashcow.nl · www.sbctv.gr
[DISPUTED] Qualcomm's total revenue declined 4 % year‑over‑year to $9.9 billion. www.thurrott.com · cashcow.nl · bitfinanzas.com · www.capital.gr · www.sbctv.gr