Industry
Qualcomm Reports Record Q1 2026 Revenue as Snapdragon Chips Drive Android Flagship Growth
Key points
- Q1 2026 revenue: $11.7B, up 18% YoY — record quarter for Qualcomm.
- Snapdragon 8 Elite appeared in 60+ flagship models over the past 12 months.
- Automotive and IoT segments contributed 22% of total revenue, up from 15% a year prior.
- Full-year guidance raised; Snapdragon 8 Elite 2 announcement expected Q4 2026.
Summary
(AI)
Qualcomm reported record first-quarter revenue of $11.7 billion, up 18% year-over-year, driven primarily by strong demand for Snapdragon 8 Elite chips in Android flagship devices. The company attributed growth to increased adoption across Samsung, OnePlus, Xiaomi, and OPPO flagship lines, as well as expanding automotive and IoT segments.
CEO Cristiano Amon highlighted that Snapdragon-powered AI features — including on-device image processing and real-time translation — are now a key purchase driver for premium Android buyers, with the chip appearing in over 60 flagship models released in the past 12 months.