Qualcomm Surpasses Earnings Expectations Amid Mixed Market Signals
TL;DR
Qualcomm exceeded earnings expectations with $2.77 EPS and $10.37 billion revenue, highlighting growth in its IoT division, especially in Meta's smart glasses, and plans to expand into AI chips for data centers, despite losing Apple as a customer.
- Qualcomm beats on earnings, highlights growth in Meta smartglasses CNBC
- Qualcomm Earnings Beat Forecasts. Why the Stock Is Falling. Barron's
- Qualcomm Slides After Posting Lackluster Growth in Phone Market Yahoo Finance
- Qualcomm's premium smartphone chip reliance, Apple modem loss overshadow upbeat forecast Reuters
- Qualcomm (QCOM) Gives Upbeat Sales Outlook in Positive Sign for Phones Bloomberg.com
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