Qualcomm Technologies and Anterix (NASDAQ: ATEX) announced an expanded partnership on February 26, 2026 that will integrate Qualcomm’s Snapdragon SDX35‑3 and SDX32‑3 IoT modems into Anterix’s 900 MHz broadband platform, enabling utilities to deploy next‑generation private wireless networks across the United States.
The expansion builds on a prior collaboration that launched the 900 MHz platform in 2023. The new agreement adds Qualcomm’s edge‑AI capabilities and a broader portfolio of chipsets, allowing eight utilities that have already selected Anterix‑enabled private wireless to accelerate deployment of 4G and 5G solutions. The partnership follows the Federal Communications Commission’s decision to expand the 900 MHz band to 10 MHz, providing additional spectrum for private networks and creating a larger addressable market for both companies.
Strategically, the deal positions Qualcomm deeper in the regulated utility sector, a high‑growth market that complements its automotive, IoT and data‑center businesses. For Anterix, the collaboration validates its spectrum leadership and provides a proven, high‑performance chipset partner that can help utilities modernize grids, improve resilience and support the transition to 5G‑enabled operations.
Qualcomm’s Q1 Fiscal 2026 results, released on February 4, 2026, showed record total revenue of $12.3 billion and a non‑GAAP EPS of $3.50, beating analyst estimates of $3.38. Anterix’s Q3 FY2026 earnings report, released on February 26, 2026, reported an EPS of –$0.35, a beat over the forecasted –$0.60, and revenue of $1.57 million, underscoring the company’s ability to generate cash flow even in a challenging environment.
"By collaborating with Anterix, the market leader in private broadband connectivity for utilities, Qualcomm is reinforcing our commitment to the utility market and giving utilities access to the chipset innovation needed to build a more secure, resilient, and connected energy future," said Vivek Khanna, VP of Product Management at Qualcomm. "By joining forces with Qualcomm, we are giving utilities a clear, scalable roadmap to 5G," added Carlos L’Abbate, CTO & Engineering Officer at Anterix.
The partnership is expected to accelerate grid modernization, enhance operational efficiency, and open new revenue streams for Qualcomm while expanding Anterix’s footprint in a regulated market that is poised for significant investment. The collaboration also positions both companies to capitalize on the growing demand for secure, low‑latency connectivity in critical infrastructure, a trend that is likely to drive further investment in private wireless networks across the United States.
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