Qualcomm reported Q3 adjusted EPS of $2.21, slightly below expectations, with revenue of $9.95 billion, beating estimates but down 4% year-over-year. Net income fell 25% on a GAAP basis, reflecting challenges in memory and supply costs. The company saw 28% growth in automotive and IoT revenue but issued a cautious Q4 profit outlook below analyst forecasts due to rising industry input costs. Qualcomm plans to offset these costs through product pricing to maintain gross margins.
Qualcomm's stock fell over 9% recently following its earnings report, but Wall Street remains optimistic with 14 analysts issuing ratings. Baird raised its 12-month price target to $400, suggesting a 172.6% upside, citing reduced reliance on Apple an...
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...
