Qualcomm's quarterly adjusted EPS of $2.17 and revenue of $10.32 billion slightly beat LSEG consensus, but the stock slid in extended trading. For the current quarter, Qualcomm forecast EPS of $2.15 to $2.35 and revenue of $10.4 billion to $11.2 billion, while analysts had expected $2.27 and $10.48 billion. Handset chip sales fell 26% to $5.14 billion as rising memory costs pushed up phone prices and hurt demand, though the company said it is seeing sequential growth. Automotive revenue soared 89% to $1.99 billion, IoT revenue rose 4% to $1.88 billion, and QTL licensing revenue dropped 7% to $1.3 billion. Qualcomm expects $5 billion in data center revenue in fiscal 2027, up from $650 million this quarter, and CEO Cristiano Amon said the constraint is supply, not demand.
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AAPL
• NeutralApple Inc.
Relevance: low
| 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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