Qualcomm Automotive Revenue Surges 61.4% Despite U.S. EV Sales Slump

Key Facts

1U.S. battery-electric vehicle sales fell 29.2% through September.

2Qualcomm's automotive revenue grew 61.4% year over year in its latest reported quarter.

Qualcomm's automotive revenue grew 61.4% year over year in its latest reported fiscal quarter, according to data from 247wallst.com. This significant growth occurred despite a 29.2% decline in U.S. battery-electric vehicle sales through September, highlighting the company's resilience in integrating technology across various vehicle powertrains.

QCOM closed at $184.87 on October 2, 2026, as the automotive segment's contribution to semiconductor revenue rose to 18.7% from 10.9% a year earlier. While pure electric vehicle sales struggled, conventional hybrid sales increased by 22.4%, supporting Qualcomm's expansion in digital cockpit and automated driving systems, such as the commercially launched Snapdragon Ride Pilot.