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.
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.