QUALCOMM (QCOM) reported non-GAAP earnings of $2.17 per share, above the $2.16 Zacks Consensus Estimate, and revenue of $10.44 billion, above $10.15 billion. CEO Cristiano Amon said data center revenue should reach $5 billion in fiscal 2027, starting with more than $650 million in the first quarter of that ramp, mainly from two hyperscaler relationships including Amazon. Automotive revenue reached an approximately $8 billion annualized run rate, and quarterly automotive revenue was $2 billion, up 89% year over year. For handsets, management assumes global units will be flat to down in calendar 2027 and sees the June quarter as the bottom for China Android before sequential growth. For the first quarter of fiscal 2027, Qualcomm guided revenue to $10.4 billion-$11.2 billion and kept its long-term QCT margin target at 30%.
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Qualcommsemiconductorsearningsdata centerssmartphones
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• NeutralApple Inc.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
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