Qualcomm predicts higher than expected sales and profit due to increased premium smartphone sales, but shares drop over potential loss of Samsung business. Qualcomm supplied 100% of modem chips for Samsung’s Galaxy S25, but expects a reduced share for the next generation. The company is expanding into laptops, automobiles, and data center chips after Apple transitions to its own modems. Qualcomm is in discussions with AI computing companies for chip supply. Apple, Samsung, and Xiaomi still account for over 10% of Qualcomm’s revenue. Qualcomm announced a new series of AI data center chips and is in talks with a large customer. Non-Apple revenue grew at 18% in 2025, with handset revenue rising 14%. Handset chip sales are forecasted to exceed analyst expectations for the fiscal first quarter. For the fiscal fourth quarter, Qualcomm reported sales and adjusted profit above Wall Street expectations.

Read more at Yahoo Finance: Qualcomm forecasts solid quarter but smaller Samsung business hits shares