Qualcomm's fiscal Q3 earnings met analyst expectations with $2.21 EPS and $9.95 billion revenue, but the company issued cautious guidance for the current quarter due to ongoing supply shortages, especially in memory chips. CEO Cristiano Amon announced a price increase for chips starting September 1 to offset rising costs and plans to streamline the supply chain. While handset chip sales dropped 20% year-over-year, automotive and IoT segments showed growth, with automotive sales hitting $1.59 billion. Qualcomm aims to diversify beyond smartphones, targeting 60% of revenue from non-smartphone products next year and expanding in AI data center infrastructure and automotive markets.
US stock futures rose following strong earnings from Microsoft, which surged nearly 9% in pre-market trading after beating revenue and earnings forecasts. This helped technology stocks recover from a sharp sell-off triggered by the Federal Reserve's ...
Qualcomm is trading at a low valuation of 12.9x forward GAAP earnings, below sector and historical averages, making it an attractive buy. While its handset segment faces a 20% revenue decline due to memory supply issues, the company’s pivot to automo...
In Q2 2026, Aristotle Capital's Global Equity WM Composite achieved a net return of 6.40%, falling short of the MSCI ACWI Index's 14.93% and MSCI World's 13.76%. The firm adjusted its portfolio by selling Danaher, Dolby Laboratories, and Tokyo Centur...
Qualcomm reported $9.95 billion in revenue, beating expectations by 2.44%, but its earnings per share slightly missed estimates due to rising costs. The company issued a cautious outlook for the next quarter with expected adjusted EPS between $2.05 a...
Qualcomm reported mixed Q3 earnings with revenue of $9.95 billion surpassing estimates, but earnings per share (EPS) of $2.21 fell slightly short of the $2.22 forecast and declined from last year. The company faces rising operational costs and a glob...
