Handset semi (QCOM,QRVO,SWKS,MTK): high-end solid, low-/mid-end deteriorates further in Mar & Apr 2026

Based on the feedback from 12 handset OEM experts, premium phones outperformed in a stagnant market in 1Q, but low- and mid-end phone demand deteriorated further in Mar & Apr. QCOM, SWKS, and QRVO could guide more cautiously when they report in the coming weeks.