Memory pricing is squeezing phone chips from both ends: ARM royalty growth cools to 8%, Qualcomm handsets down 26%
tengyanAI · x · 2026-11-05
ARM and Qualcomm reported the same night and both flagged memory. ARM royalties grew 8% to $670M (down from 22% growth last quarter), 'partially offset by the impact of memory pricing on the smartphone market.' Qualcomm handset revenue fell 26% y/y to $5.1B, with memory on its input cost list. The author argues memory pricing is hitting phone chips from both the demand and cost sides.
Related event: Memory price surge drags on Arm royalties and Qualcomm revenue(2 posts)→
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