𝗤𝘂𝗮𝗹𝗰𝗼𝗺𝗺 𝗤𝟯’𝟮𝟲: 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗮𝘁 𝗛𝗶𝗴𝗵 𝗘𝗻𝗱 𝗼𝗳 𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲; 𝗔𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝗮𝗻𝗱 𝗜𝗼𝗧 𝗢𝗳𝗳𝘀𝗲𝘁 𝗛𝗮𝗻𝗱𝘀𝗲𝘁 𝗗𝗲𝗰𝗹𝗶𝗻𝗲 @Qualcomm reported Q3 revenue of $10.4 billion, at the high end of its guidance. Handset revenue declined 26% YoY, although this was partly offset by strong growth in the Automotive and continued expansion in the IoT segment. 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • Auto revenue grew by 89% YoY to reach $2 billion in Q3, marking a quarterly inflection point, whereas Qualcomm’s automotive annualized fiscal run rate reached $8 billion, $1 billion more than the guidance provided last quarter. • IoT segment revenue reached $1.9 billion, driven by growth in the industrial networking and robotics category, reflecting continued momentum in its industrial AI portfolio. • Qualcomm has partnered with @SpaceX to supply Dragonwing Cellular Infrastructure platforms for powering Starlink Mobile’s terrestrial base stations. • The handset business remained under pressure from industry-wide memory constraints impacting global smartphone demand. QCT handset revenue stood at $5.1 billion in Q3. • Data Center will be the next major growth driver for Qualcomm, with a revenue target of $5 billion for FY 2027. • Qualcomm expects Q1 FY2027 revenue of $10.4 billion–$11.2 billion (-9% to -15% YoY decline). Handset revenue is projected to decline by a mid-single-digit percentage sequentially, whereas the QCT non-handset segment will be the next growth driver for Qualcomm. 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗳 𝗤𝘂𝗮𝗹𝗰𝗼𝗺𝗺’𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆, 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝘀 𝗶𝘁 𝗯𝘂𝗶𝗹𝗱𝘀 𝗮 𝗳𝘂𝗹𝗹-𝘀𝘁𝗮𝗰𝗸 𝗔𝗜 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝘀𝗽𝗮𝗻𝗻𝗶𝗻𝗴 𝗱𝗮𝘁𝗮 𝗰𝗲𝗻𝘁𝗲𝗿𝘀 𝘁𝗼 𝗱𝗲𝘃𝗶𝗰𝗲𝘀: 𝗔𝗹𝘀𝗼 𝗿𝗲𝗮𝗱 𝗼𝘂𝗿 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗼𝗻 𝗤𝘂𝗮𝗹𝗰𝗼𝗺𝗺’𝘀 𝗛𝗕𝗖 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗮𝗻𝗱 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗵𝗼𝘄 𝗵𝗶𝗴𝗵-𝗯𝗮𝗻𝗱𝘄𝗶𝗱𝘁𝗵 𝗺𝗲𝗺𝗼𝗿𝘆 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝘂𝗹𝗱 𝗵𝗲𝗹𝗽 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝘁𝗵𝗲 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝗺𝗲𝗺𝗼𝗿𝘆 𝗯𝗼𝘁𝘁𝗹𝗲𝗻𝗲𝗰𝗸 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗜 𝗲𝗿𝗮: #Qualcomm# #Earnings# #Semiconductors# #AutomotiveTechnology# #IoT# #IndustrialAI# #AIInfrastructure# #DataCenter# $QCOM

$MU Micron has signed Strategic Customer Agreements (SCA) with 7 key players in the automotive ecosystem: Qualcomm, Hyundai Mobis, Harman, Visteon, Denso, Astemo, and Joynext. Qualcomm President & CEO Cristiano Amon: “As the industry shifts to software-defined vehicles (SDV), automakers need technology platforms that integrate high-performance computing, memory, and networking. Through collaboration with Micron, we will be able to provide outstanding automotive technology platforms to our customers.” Harman Automotive Division President Christian Sobotka: “By partnering with Micron, we have strengthened our ability to secure the memory solutions needed to reliably deliver intelligent SDV platforms. This will provide a solid foundation for automakers to bring new vehicle technologies to market.” Hyundai Mobis President Lee Kyu-seok: “Automakers are accelerating the development of intelligent vehicle platforms based on ADAS to enhance safety and driver trust. To support these platforms, long-term technology planning and a flexible supply ecosystem are essential.” Micron CEO Sanjay Mehrotra: “The next stage of automotive innovation depends on the strength of the ecosystem that supports it. Through SCA, we will support the securing of memory solutions needed for future vehicle platforms to deliver superior, safer, and more intelligent experiences.”

Ford CEO Jim Farley says that solving affordability challenges in the U.S. goes beyond cheaper cars, and involves encouraging people to learn skilled trades like automotive technology and welding.