Neutral
Qualcomm teases 'Dual 8 Elite' chips ahead of Snapdragon Summit
Qualcomm has announced plans to unveil two new Snapdragon 8 Elite series chips at its upcoming Snapdragon Summit in September. The teaser highlights advancements in connectivity, camera functionality, and GPU performance, aiming to enhance immersive gaming experiences. While specific details are limited, the chips are expected to target high-end smartphones, with the Pro version potentially featuring a 2+3+3 CPU configuration and utilizing TSMC’s 2nm process.
Key points
- Qualcomm's automotive revenue surged 61% to a record $1.59 billion, lifting its 2026 annualized exit outlook to $7 billion.
- Handset revenue declined 20% to $5.09 billion, with major OEMs reducing chipset purchases amid memory supply constraints and higher memory prices.
- Qualcomm forecasts Q4 segment margins between 23%-25%, anticipating higher costs and lower revenues to impact profitability.
Sources
AI-generated from public news sources. Not financial advice.
