Qualcomm forecasts upbeat sales on strength in non-smartphone segments

What happened

Qualcomm forecast first-quarter fiscal 2027 revenue above Wall Street estimates, saying growth in automotive and internet-of-things products is helping offset sluggish smartphone-chip demand. CEO Cristiano Amon said the forecast assumes no further Apple sales and reported a 70% year-over-year increase in fiscal 2027 design wins, excluding Apple.

Confirmed

Global impact / market context

Growth outside phones could help Qualcomm offset weaker smartphone-chip sales and the loss of Apple revenue. If new design wins lead to orders and shipments, they could support sales; higher memory prices, meanwhile, raise consumer-electronics costs and may further weigh on smartphone demand.

Analyst inference

The article says demand for high-bandwidth storage in AI servers has pushed up memory-chip prices, raising costs for consumer electronics. It also reports global smartphone shipments fell 20% in the September quarter to a 14-year low, while Qualcomm’s CEO said Android handset sales are ticking upward.

Confirmed

What to watch

1. Track whether Qualcomm turns its reported fiscal 2027 design wins into orders and shipped products; a design win means a customer has selected its technology, not that sales have occurred. Analyst inference
2. Watch Qualcomm’s first-quarter fiscal 2027 revenue against its forecast, which is above Wall Street estimates and assumes no further sales to Apple. Confirmed
3. Follow smartphone demand and memory prices: improving Android sales could support chip orders, while costlier memory may raise device prices and discourage purchases. Analyst inference

Evidence

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