earnings
Automotive Revenue Records: Qualcomm Diversifies Beyond Handsets (QCOM Q2 2026 Earnings Call)
Qualcomm Incorporated delivered stable fiscal second-quarter performance, driven by a record expansion in automotive and robust IoT sales that successfully offset industry-wide memory headwinds. The company is actively executing on its long-term diversification strategy, transitioning from a smartphone-focused provider into an edge computing leader. This ongoing transition is powered by structural growth in agentic artificial intelligence workloads running continuously across connected devices.