Qualcomm completed several significant acquisitions to enhance its technological capabilities and market position. In June 2025, Qualcomm finalized the acquisition of Israeli V2X chipmaker Autotalks, integrating its technology into the Snapdragon Digital Chassis. This acquisition was part of Qualcomm's strategy to strengthen its automotive communications portfolio. Additionally, Qualcomm acquired Alphawave IP Group for approximately $2.4 billion, a move aimed at bolstering its data center and AI infrastructure capabilities. The acquisition was completed ahead of schedule, allowing Qualcomm to enhance its high-speed connectivity solutions. Furthermore, Qualcomm acquired Arduino, an open-source hardware and software company, to expand its edge computing and robotics capabilities, while also integrating its technologies into the broader Qualcomm ecosystem. In terms of financial performance, Qualcomm reported record first-quarter revenue of $12.25 billion for fiscal Q1 2026, reflecting a 5% year-over-year increase driven by strong demand in its QCT and QTL segments. Despite this growth, Qualcomm faced challenges, including a 6% decline in net income year-over-year, attributed to a significant non-cash tax charge. Overall, Qualcomm's strategic acquisitions and revenue growth indicate a robust position in the market, although it is navigating some financial pressures.