Bloomberg Talks Qualcomm CEO Cristiano Amon Talks Earnings, Component Shortages
Feb 5, 2026
Cristiano Amon, CEO of Qualcomm, leads the company’s push into automotive, IoT, robotics and data centers while overseeing smartphone chip and licensing businesses. He discusses how memory shortages are reshaping handset plans. He talks about resilience in the premium phone tier, timing uncertainty for coming quarters, and Qualcomm’s diversification into automotive and data center strategies.
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Memory, Not Demand, Is Defining The Market
- Demand for handsets is strong but the market is being sized by memory supply rather than consumer demand.
- OEMs now plan builds around available memory, making supply the limiting factor for growth.
Premium Phones Will Be Prioritized
- OEMs will prioritize premium and high-tier phones when memory is constrained because they are more resilient to price increases.
- Qualcomm expects premium tiers to be less impacted while mass-tier devices face bigger cuts.
Avoid Firm Forecasts Without Memory Visibility
- Be cautious making firm Q3/Q4 predictions because memory availability and pricing will define handset market size.
- Monitor memory supply trends closely before projecting revenue or build plans.