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Qualcomm’s Snapdragon deal with Samsung will continue, and Apple’s licensing arrangement now runs through 2027.

Qualcomm’s Q1 2024 earnings presentation has wrapped up, with revenue of $9.9 billion and net income of $2.77 billion that’s up compared to last year.

But more notably, analyst Ben Bajarin points out that execs revealed Apple extended the licensing deal they signed in 2019 for an additional two years. It now runs through 2027, aligning with reports that Apple’s own 5G modem tech isn’t ready, while Samsung has added “several years” to a multiyear deal for Snapdragon chips in Galaxy phones.

Slide from Qualcomm presentation announced it has extended a Snapdragon platform agreement with Samsung.
Qualcomm Q1 2024 earnings presentation slide
Image: Qualcomm