Qualcomm Unveils Snapdragon 8 Elite Gen 5 Chip for Galaxy S26 Ultra
Qualcomm launched the Snapdragon 8 Elite Gen 5 for Galaxy to power the Galaxy S26 Ultra globally and select S26+ models with a 3rd Gen Oryon CPU, Adreno GPU, Hexagon NPU and FastConnect 7900 connectivity. Shares have fallen 5.6%, trade at 12.85x; fiscal 2026 EPS estimates declined 7.5% to $11.18.
1. Launch of Snapdragon 8 Elite Gen 5
Qualcomm expanded its partnership with Samsung by introducing the Snapdragon 8 Elite Gen 5 for Galaxy, designated to power the Galaxy S26 Ultra worldwide and selected S26+ units. This exclusive arrangement underscores Qualcomm’s role in Samsung’s flagship lineup.
2. Key Technical Features
The new chipset integrates a custom 3rd Gen Qualcomm Oryon CPU, next-generation Adreno GPU and advanced Hexagon NPU to boost performance, graphics and on-device AI. FastConnect 7900 and Smart Transmit technologies enhance 5G, Wi-Fi, Bluetooth and satellite connectivity for faster uploads and improved coverage.
3. Valuation and Consensus Estimates
Qualcomm shares have declined 5.6% over the past year and trade at a 12.85x forward P/E, well below industry peers. Analysts have reduced fiscal 2026 EPS projections by 7.5% to $11.18, reflecting tempered near-term growth expectations.