高通发布2026财年第三季度财报，第三季度收入99.5亿美元，同比下滑4%[1]，毛利率为53.1%，同比下降2.5个百分点[1]。其中手机业务收入50.9亿美元，同比下滑19.6%[1]，成为本季度业绩下滑的主要拖累。安卓阵营出货量下滑11%[1]，导致除苹果外的手机出货量本季度同样下滑11%[1]。相比之下，苹果手机出货量同比增长接近20%[1]，显示出高端市场的分化趋势。
与手机业务形成鲜明对比的是，高通在汽车领域取得显著增长[1]。汽车业务收入15.9亿美元，同比增长61%[1]。物联网业务同样表现稳定，收入18.3亿美元，同比增长9%[1]。本季度净利润为20亿美元，但核心经营利润16.3亿美元同比下滑41%[1]。
对于后续表现，高通预期第四季度营收为97-105亿美元[1]，第四季度手机业务约52亿美元，同比下滑约25%[1]。第四季度Non-GAAP每股收益指引为2.05-2.25美元[1]。为寻求新的增长动力，高通正在AI数据中心领域布局四大产品线[1]，以应对传统手机市场的疲软。
Qualcomm released its fiscal 2026 third-quarter earnings on July 30, posting total revenue of $9.95 billion, down 4 percent year-over-year but exceeding the market consensus of $9.6 billion [1]. Gross margin contracted to 53.1 percent from the prior year, falling short of analyst expectations of 54.6 percent [1].
The smartphone business, which remains a core revenue driver, declined 19.6 percent to $5.09 billion as global handset shipments fell 6 percent to 290 million units [1]. Within the Android ecosystem, device shipments dropped 11 percent, though Apple's iPhone volumes grew nearly 20 percent year-over-year, highlighting divergent trajectories between premium and broader market segments [1]. The company projects fourth-quarter smartphone revenue of approximately $5.2 billion, representing a further 25 percent decline [1]. Net income for the quarter reached $2 billion, while core operating profit declined 41 percent to $1.63 billion [1].
Offsetting smartphone headwinds, Qualcomm's automotive division surged 61 percent to $1.59 billion, while the Internet of Things segment expanded 9 percent to $1.83 billion [1]. Looking ahead, the company guided fourth-quarter revenue between $9.7 billion and $10.5 billion, with non-GAAP earnings per share projected at $2.05 to $2.25, below the market estimate of $2.36 [1]. Research and development spending reached $2.6 billion and sales expenses totaled $980 million [1]. The company is establishing a four-product-line strategy in artificial intelligence data centers to pursue new growth avenues as smartphone demand remains pressured [1].
