Qualcomm faces the loss of Apple’s business and the negative impact of high memory costs on overall smartphone demand Qualcomm has had to deal with the negative effects of higher memory-component prices, which can eat into profits. via Qualcomm is going through a period of reinvention — at the same time that the broader consumer-electronics industry reckons with higher memory costs. The company on Wednesday said it saw revenue fall 7% from a year ago, coming in at $10.4 billion, though that was above the $10.1 billion that analysts tracked by FactSet had been expecting. Qualcomm’s handsets business saw revenue fall 26% to $5.1 billion amid weak smartphone demand.
That unit slightly missed expectations for $5.2 billion in revenue. Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 These stocks soared the most today after the Democrats trounced Trump Microsoft and Amazon combined to see a $424 billion market-cap boost —and these factors show why Big Tech is driving a historic divide in the S&P 500.
Why investors need to take notice. Dow scores its best day in 18 months in a broad relief rally after Democrats sweep to power in Congress Britney Nguyen is a tech reporter covering Nvidia, chips and AI. You can find her on X at @britneycath.
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