Handset revenue decline tied to memory supply constraints
QCT handset revenues decreased $1.2 billion, or 20%, primarily due to lower chipset shipments as major OEMs reduced inventory in response to recent memory supply constraints and related price increases.
Automotive revenue surge on new vehicle launches and favorable mix
Automotive revenues jumped $604 million, or 61%, driven by higher shipments from new vehicle launches with Snapdragon digital cockpit and ADAS products, and a $381 million increase in revenue per unit from favorable mix and higher ASPs.
Strategic shift to equity compensation for non-executive leadership
R&D and SG&A increases were partly due to higher share‑based compensation after replacing annual cash incentives for fiscal 2026‑2027 with a two‑year equity award, aimed at retaining talent and aligning with the long‑term diversification strategy.