QUALCOMM (QCOM) Q1 FY26 earnings call

Qualcomm delivered record Q1 FY26 revenues and EPS, driven by strong performance in QCT, particularly in automotive and flagship handsets. The company is advancing its diversification strategy across automotive, IoT, and data centers. However, the near-term handset market faces significant headwinds from an industry-wide memory shortage, leading to cautious OEM build plans and impacting Q2 guidance.