Qualcomm reported adjusted EPS of $2.17 and revenue of $10.32 billion, both above consensus, but handset revenue fell 26% to $5.14 billion and the 52.4% gross margin missed the 53.2% analysts expected. Automotive revenue jumped 89% to a record, and management said rising wafer, packaging and memory costs are prompting price increases across its products. For Q1 FY2027, Qualcomm guided EPS to $2.15 to $2.35, with a $2.25 midpoint below the $2.32 consensus, while its revenue range of $10.4 billion to $11.2 billion sits above the $10.6 billion consensus midpoint. The company repeated a $5 billion fiscal 2027 data center revenue target. The stock fell 11% to $153.54, while Arm Holdings dropped 7% to $177.80 and Skyworks Solutions slid 2% to $81.53.
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| Market | US stocks |
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