Qualcomm renews Apple license: Qualcomm stock gains 2.20 percent

Published on 10/01/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 4.00 percent to USD 9.95 billion in fiscal third quarter 2026. Qualcomm stock costs EUR 165.54 on October 1, 2026 versus prior close EUR 161.97.

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Qualcomm (ISIN US7475251036) was trading at EUR 165.54 at Lang & Schwarz on October 1, 2026 at 11:14 a.m. CEST, up 2.20 percent versus the prior close of EUR 161.97. On September 24, 2026, PR Newswire reported that Qualcomm announced renewal of its global patent license agreement with Apple, effective April 1, 2027. The combination gives the stock a fresh licensing anchor while the latest operating figures show pressure in handsets.

Apple agreement protects royalty visibility

The renewed agreement matters because Qualcomm's licensing business remains tied to Apple's device ecosystem even as Apple works to reduce reliance on Qualcomm modem chips. Reuters reported on September 24, 2026 that the current agreement ends on March 31, 2027, with an option to extend it by two years. That timing makes the April 1, 2027 effective date a meaningful marker for the royalty stream.

Automotive growth offsets handset pressure

Qualcomm reported USD 9.95 billion of revenue and GAAP diluted earnings per share of USD 1.87 for the third quarter of fiscal 2026, ended June 28, 2026. TradingView reported that revenue fell 4.00 percent from USD 10.37 billion a year earlier, while combined automotive and Internet of Things revenue grew 28.00 percent year over year.

The mix was uneven. Automotive revenue rose 61.00 percent year over year to USD 1.59 billion, while handset revenue fell 20.00 percent to USD 5.09 billion. For investors, the figures frame Qualcomm's diversification story as a measurable tradeoff rather than a simple smartphone recovery.

Stock rises during October 1 trading

The Lang & Schwarz quote stood at EUR 165.54 on October 1, 2026 at 11:14 a.m. CEST, compared with a prior close of EUR 161.97, producing a plus 2.20 percent daily change. The primary Nasdaq listing had a USD 121.99 to USD 259.92 52-week range and a market capitalization of USD 193.2 billion as of September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Qualcomm stock.