# Revenue for the quarter came in at $10.60 billion, down 2% from a year earlier.

*semiconductor · news · 2026-04-30 · Benzinga*

## Key points

- Qualcomm's third-quarter earnings guidance is below Wall Street expectations for both profit and revenue.
- The automotive segment now exceeds a $5 billion annual revenue run rate, targeting over $6 billion by 2026.
- Qualcomm has begun production of its Snapdragon X2 PC platform featuring always-on AI and significant performance gains.
- A custom silicon partnership with a major hyperscaler will yield initial data center CPU shipments later this year.
- Qualcomm expects China Android revenue to bottom in Q3 before sequentially improving.

**Companies:** Qualcomm
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/52165632/why-is-qualcomm-stock-soaring-thursday)

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