{"id":78383,"date":"2026-05-03T19:45:36","date_gmt":"2026-05-03T16:45:36","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/qualcomm-memory-chip-shortage-q2-2026\/"},"modified":"2026-05-03T19:45:38","modified_gmt":"2026-05-03T16:45:38","slug":"qualcomm-memory-chip-shortage-q2-2026","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/qualcomm-memory-chip-shortage-q2-2026\/","title":{"rendered":"Qualcomm Reports Revenue Decline Amid Memory Chip Shortage"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Qualcomm memory chip shortage pressures the chipmaker&#8217;s fiscal outlook as it navigates slowing smartphone demand and intense competition in data centers. The company reported mixed results for fiscal Q2 2026, ending March 29, with overall revenue declining 3 percent year-on-year to $10.6 billion, though net income grew 162 percent to $7.4 billion, boosted by a one-time tax benefit of $5.7 billion.<\/p><p class=\"wp-block-paragraph\">The Qualcomm memory chip shortage stems from an industry-wide memory crunch driven by artificial intelligence hardware demand. This shortage forced smartphone manufacturers to cut production, reducing orders for Snapdragon processors. Counterpoint Research data shows the memory crisis contributed to a 6 percent year-on-year decline in smartphone shipments during calendar Q1 2026.<\/p><h2 class=\"wp-block-heading\">Mobile Revenue Decline and Forecast<\/h2><p class=\"wp-block-paragraph\">Phone-related revenue fell 13 percent to $6 billion in fiscal Q2, reflecting the broader market slowdown. Looking ahead, Qualcomm forecast fiscal Q3 revenue between $9.2 billion and $10.0 billion, falling short of LSEG analyst estimates of $10.2 billion. The company projected Q3 chip segment revenue of $7.9 billion to $8.5 billion.<\/p><p class=\"wp-block-paragraph\">CEO Cristiano Amon said the company is managing through a challenging memory environment. He indicated that China-based handset revenues are expected to reach bottom in fiscal Q3 before recovering in the following quarter, suggesting some stabilization ahead.<\/p><h2 class=\"wp-block-heading\">Growth in Automotive and IoT Segments<\/h2><p class=\"wp-block-paragraph\">Not all segments faced headwinds. Automotive sales increased 38 percent to $1.3 billion, marking Qualcomm&#8217;s strongest growth area. The <a href=\"\/category\/smart-devices\/\">Internet of Things<\/a> segment grew 9 percent to $1.7 billion, providing a counterbalance to smartphone market weakness. Overall QCT chip segment revenue declined 4 percent to $9.1 billion.<\/p><h2 class=\"wp-block-heading\">Data Center Competition and Partnerships<\/h2><p class=\"wp-block-paragraph\">Qualcomm continues pursuing the data center market, which represents the chip industry&#8217;s fastest-growing segment. However, the company remains significantly behind Nvidia in this category. Amon disclosed that a major hyperscale company is on track to adopt Qualcomm&#8217;s data center chips later in 2026.<\/p><p class=\"wp-block-paragraph\">The company&#8217;s <a href=\"\/category\/ai\/\">artificial intelligence<\/a> ambitions include a partnership established in 2025 with Humain, a Saudi government-backed AI startup. This collaboration underscores Qualcomm&#8217;s effort to strengthen its position in the rapidly expanding AI and data center sectors amid ongoing <a href=\"\/category\/computers\/\">chip market<\/a> competition.<\/p><p>The Qualcomm memory chip shortage reflects broader industry dynamics as manufacturers balance AI investment demands with near-term smartphone market softness.<\/p><!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Qualcomm&#8217;s fiscal Q2 revenue fell 3 percent amid industry memory chip shortage, with the company forecasting lower-than-expected Q3 sales as smartphone demand weakens.<\/p>\n","protected":false},"author":8,"featured_media":78382,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"{\"x_hook\":\"Qualcomm reports 3% revenue decline in Q2 2026 as memory chip shortage forces smartphone makers to slash Snapdragon orders. Company forecasts weak Q3 guidance despite data center growth.\",\"x_takeaways\":\"Key Figures:\\n\ud83d\udd39 Revenue fell 3% year-on-year to $10.6 billion\\n\ud83d\udd39 Phone revenue down 13% to $6 billion; automotive up 38% to $1.3 billion\\n\ud83d\udd39 Q3 forecast: $9.2-10.0 billion, below $10.2 billion analyst estimates\"}","_yoast_wpseo_opengraph_title":"Qualcomm Memory Chip Shortage Weighs on Revenue Outlook","_yoast_wpseo_opengraph_description":"Qualcomm reports mixed Q2 2026 results as industry-wide memory chip shortage forces smartphone makers to cut production. Revenue declined 3 percent; company forecasts lower Q3 guidance.","_yoast_wpseo_opengraph_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/05\/qualcomm-memory-chip-shortage-semiconductor.webp","_yoast_wpseo_opengraph_image_id":78382,"_yoast_wpseo_twitter_title":"Qualcomm Memory Shortage Pressures Revenue Outlook","_yoast_wpseo_twitter_description":"Qualcomm fiscal Q2 2026: $10.6B revenue (down 3%), net income $7.4B. Memory chip shortage cuts smartphone orders. Q3 forecast below analyst expectations.","_yoast_wpseo_twitter_image":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2026\/05\/qualcomm-memory-chip-shortage-semiconductor.webp","_yoast_wpseo_twitter_image_id":78382,"_yoast_wpseo_primary_category":446,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":108005,"footnotes":""},"categories":[446,24],"tags":[555,3854,3855],"class_list":["post-78383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-computers","category-economy","tag-qualcomm","tag-semiconductor-shortage","tag-smartphone-demand","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qualcomm Memory Chip Shortage | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Qualcomm memory chip shortage impacts Q2 results. 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