Qualcomm will report fourth-quarter earnings after the bell on Wednesday, as investors look for revenue growth beyond the smartphone market. Bloomberg analyst consensus expects EPS of $2.16 on revenue of $10.12 billion, down from $3.00 and $11.27 billion a year earlier, with the QCT segment forecast to fall 10% to $8.8 billion, largely due to a 24% drop in handset revenue to $5.3 billion. A memory and storage shortage is pushing up device prices and dampening demand, while Intel and AMD expect PC sales to decline, sending Intel shares down nearly 29%. CEO Cristiano Amon expects non-handset sales, including data center revenue, to grow more than 60% in 2027.
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