Qualcomm’s 2026 net profit more than doubled, phone business fell 26%, Huawei license renewed
Qualcomm’s net profit for fiscal 2026 grew 146%, while phone revenue fell 26%. The company renewed its license agreement with Huawei and forecasts that chip business revenue will grow by more than 60% in 2027, as its data center business ramps up.
Qualcomm’s net profit for fiscal 2026 grew 146%, while phone revenue fell 26%. The company renewed its license agreement with Huawei and forecasts that chip business revenue will grow by more than 60% in 2027, as its data center business ramps up.