Neutral
Qualcomm agrees to pay Huawei for patents in historic licensing deal
Qualcomm has entered into a multi-year cross-licensing agreement with Huawei, marking the first time Qualcomm will pay Huawei for patent rights. The deal covers 5G, AI, compute, and networking technologies, with Qualcomm also set to purchase some of Huawei's U.S. patents, pending regulatory approval. This agreement signifies a significant shift in their 25-year relationship, during which Huawei had previously paid Qualcomm for patent use.
Key points
- Qualcomm's QCT Automotive and IoT revenues grew 28% year-over-year, with Automotive up 61% and IoT up 9%.
- Qualcomm's stock price is currently at $177.12, down 2.19% from the previous close.
- Qualcomm's Q3 FY2026 revenue was $9.95 billion, with GAAP EPS of $1.87 and Non-GAAP EPS of $2.21.
Sources
AI-generated from public news sources. Not financial advice.
