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In Q2'26, Qualcomm's revenue reached $10.6B USD, marking a decline from the previous quarter's $12.3B USD and the first year-over-year drop in the series at -3.5%. Over the period from Q3'23 to Q2'26, revenue exhibited an overall upward trend, growing from $8.5B USD to a peak of $12.3B USD in Q1'26, with consistent increases driven by strong performance in later quarters like Q4'24 (+18.7% YoY) and Q1'25 (+17.5% YoY). However, early quarters showed volatility, including negative YoY growth in Q3'23 (-22.7%) and Q4'23 (-24.3%), followed by stabilization and acceleration in 2024-2025 before the recent Q2'26 downturn, suggesting potential headwinds in demand or market conditions.