Qualcomm to Raise Chip Prices Starting September, with Double-Digit Increase
2026-07-30 04:16
During Qualcomm's earnings conference call, CEO Cristiano Amon stated that the company plans to raise chip product prices starting September 1, with a double-digit percentage increase, in order to drive profit margins back to historical levels.
Amon noted that this price hike is primarily due to rising costs across the entire supply chain, rather than being solely driven by memory chip price increases. Qualcomm will engage in pricing negotiations with each customer individually.
He stated that there is currently a temporary mismatch between costs and product pricing, leading to a slight short-term decline in gross margins.
