Qualcomm Beats on Q1 But Outlook Clouds QCOM Stock
TL;DR
Qualcomm topped Q1 with EPS of $3.50 on revenue of $12.25B, but the stock fell as guidance for the next quarter came in below expectations due to memory-chip shortages and weaker smartphone demand, especially in China. The company guided to $2.45–$2.65 per share and $10.2B–$11B in revenue, signaling near-term headwinds despite strong AI data-center chip demand. Investors will parse memory-supply stabilization and handset demand recovery, while Qualcomm emphasizes longer-term growth in automotive and IoT; analysts show a Moderate Buy with upside to roughly $184.67.
- Qualcomm Posts Strong Q1 Earnings — So Why Is QCOM Stock Down Today? TipRanks
- Earnings live: Qualcomm stock dives as memory chip shortage weighs on outlook, Alphabet boosts AI spending Yahoo Finance
- Qualcomm stock sinks 10% as company issues dire warning on memory shortage CNBC
- Qualcomm, Arm Hit by Concern That Memory Shortage Is Spreading Bloomberg
- Qualcomm shares slide as memory chip shortage hits smartphone market Reuters
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