Qualcomm says Apple revenue decline will accelerate in Q3 2026

Qualcomm said on July 29, 2026 that supply constraints will cause its revenue from Apple products to decline faster than previously expected.

TL;DR

• Qualcomm said on July 29, 2026 that its Apple-related revenue will fall faster than expected because of supply constraints.
• The statement followed Qualcomm’s quarterly report and weaker-than-expected profit forecast for the current quarter.
• Reuters attributed the comment to Qualcomm CEO Cristiano Amon.

Qualcomm made the statement after releasing its quarterly results and projecting weaker-than-expected profit for the current quarter. Reuters reported that Qualcomm CEO Cristiano Amon said supply constraints were the reason the company now expects a faster decline in revenue tied to Apple products.

The source material does not specify which Apple products are affected or quantify the expected revenue decline. The reported change is limited to Qualcomm’s outlook for its Apple business and was disclosed in comments to Reuters on July 29, 2026.

This report concerns the commercial relationship between Qualcomm and Apple rather than a new eSIM standard, device launch, or carrier deployment. The source material links the revised outlook to supply constraints and to Qualcomm’s current-quarter profit guidance.

Related questions

• What did Qualcomm say about its Apple revenue on July 29, 2026?
• Why does Qualcomm expect its Apple-related revenue to decline faster than expected?
• How did Qualcomm’s current-quarter profit forecast compare with expectations?