Qualcomm Announces Mixed Fiscal Q3 2023 Results, QCOM Shares Drop Nearly 7%
Qualcomm earnings beat analysts’ expectations but revenue and guidance for the fourth quarter fell short of their forecast.
Qualcomm Reports 17% Phone Chip Sales Fall in Q2 2023, QCOM Stock Tanks by 6% in Pre-market
By
Darya Rudz
The company explained a 17-per cent drop in revenue by a tough macroeconomic environment and a “broad downturn” in the semiconductor sector.
Meta and Qualcomm Partner on Custom VR Chips
According to Zuckerberg, the chips developed in partnership with Qualcomm will be directed toward the tech company’s Quest products.
Qualcomm Overcomes Macro Headwinds with 37% Rise in Q3 2022 Sales
Despite strong results, the QCOM stock took a 4% dive as the company hinted at a slowdown for the fiscal fourth quarter which could impact its earnings.
QCOM Stock Down 2.3%, Qualcomm Wins Major Antitrust Battle in Europe
Qualcomm investors in the United States seem not to be confident in the news yet as the company’s shares are down.
QCOM Stock Up 6%, Qualcomm Reports 41% Revenue Jump in Q2 2022
Qualcomm reported a healthy set of numbers for the quarter ending March with its smartphones chip sales growing 56% year-over-year.
QCOM Stock Hits ATH, Qualcomm Details Diversification Plans beyond Apple
With the Apple business likely to experience strain in the coming years, analysts are curious about the exact impact on Qualcomm’s revenue.
QCOM Stock Up 1%, Qualcomm Received Buy Ratings Despite Shrinking Market Share in China
Qualcomm’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.
Qualcomm Reports Profitable Q4, Delivers Strong Outlook for Q1
For the fiscal Q1 outlook, Qualcomm is expecting revenue between $7.8 billion and $8.6 billion. In addition, the company looks forward to adjusted earnings per share between $1.95 and $2.15.
QCOM Stock Rises 10% in Pre-market, Qualcomm Reports Revenue of $4.9B in Q3, Enters Deal with Huawei
Qualcomm reported net income of $845 million on revenue of $4.893 billion in Q3. Those figures dropped precipitously from a year ago when the company reported $2.15 billion of profits on revenue of $9.635 billion. It also announced a long-term patent agreement with Huawei.
Qualcomm (QCOM) Stock Soars as Q1 Earnings Top Wall Street Forecasts
Qualcomm (QCOM) stock positively reacted to the optimistic figures in the company’s Q1 earnings report. The net income in that fiscal quarter was $925 million.
Qualcomm Incorporated Stock Turns Heads as It Makes One-Day 2.65% Jump
By
Tolu Ajiboye
Ratings for Qualcomm stock have now been changed to more bullish positions as the company is set for more increase this year.
Google Likely to Make a U-Turn in Huawei Ban, Chinese Giant Declines Any Charity
US Commerce Department issued a temporary general license that lets Huawei buy US goods to maintain existing networks and continue providing wireless services. Google is reportedly set to reverse Huawei ban as well.