Qualcomm’s AI-Powered Future: Will It Dominate PCs, Smartphones, and Cars?

Qualcomm reported a strong financial performance in its latest quarter, with revenue increasing 17% year-over[1]year to $11.67 billion, surpassing analyst expectations. Growth was primarily driven by increased sales in its handset and automotive segments. Despite a broader market slowdown, Qualcomm’s handset revenue rose 13%, benefiting from higher premium-tier smartphone sales and design wins with major manufacturers like Samsung and Chinese OEMs. The company also reported a 61% increase in automotive revenue to $961 million, reflecting strong demand for its Snapdragon Digital Chassis solutions.