高通发布2026财年Q1财报，营收增长但毛利率承压

Core Viewpoint - Qualcomm reported its Q1 FY2026 earnings with revenue of $12.25 billion, a 5% year-over-year increase, meeting expectations, but gross margin declined by 1.2 percentage points to 54.6% [1] Recent Events - The company expects Q2 revenue to be between $10.2 billion and $11 billion, below market expectations, with the mobile business potentially facing a double-digit decline. Ongoing storage shortages continue to impact hardware shipment volumes and gross margins [2] Business Progress - Qualcomm is diversifying through data centers and the automotive market to reduce reliance on its mobile business. AI chips are expected to begin mass production in 2026, and the company is collaborating with a Saudi AI startup to deploy computing power. The AI PC platform is partnering with Microsoft and Dell to challenge the x86 monopoly, although its market share remains low in the short term [3]