Qualcomm (NASDAQ:QCOM) President and CEO Amon said that the intelligent connected edge market has great potential. Over the next decade, the addressable market value is expected to increase sevenfold to $700 billion. From smartphones and wearables to tablets, PCs and extended reality (XR) terminals, from edge networks and automotive to industrial IoT for a wide … Read more
Morgan Stanley reported that Qualcomm’s (NASDAQ:QCOM) growth guidance for the quarter ending March was roughly in line with market expectations, which is expected to help alleviate investor anxiety, but the company’s management also stressed that the difficult operating environment will persist, so it lowered its forecast for the quarter ending June accordingly. Revenue forecast for … Read more
Qualcomm’s (NASDAQ:QCOM) higher inventory, which is a result of lower customer demand, may be a challenge for the company in the second quarter, according to analysts at Morgan Stanley. Morgan Stanley said it is lowering its 2023 revenue estimate for the semiconductor company to $36.924 billion from its previous forecast of $38.579 billion. The firm … Read more
Bank of America Securities analyst Tal Liani said Qualcomm’s (NASDAQ:QCOM) first-quarter results were expected, but market expectations were low and the environment would begin to improve. The analyst expects Qualcomm’s stronger results in the second half of the year and believes that expectations may have bottomed out. Given this, Liani reiterated a “buy” rating on … Read more
Qualcomm Inc.(NASDAQ:QCOM) reported fiscal Q1 non-GAAP earnings of $2.37 per diluted share, down from $3.23 a year earlier. Analysts polled by Capital IQ expected $2.35. Revenue for the quarter ended Dec. 25 was $9.46 billion, down from $10.71 billion a year earlier. Analysts polled by Capital IQ expected $9.57 billion. The company said it expects … Read more
Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is … Read more
Qualcomm (NASDAQ:QCOM): Q1 revenue for fiscal 2023 fell 12% year-over-year to $9.5 billion, and net income decreased 34% year-over-year to $2.235 billion.
CEO OF Qualcomm (NASDAQ:QCOM): We now expect channel inventory levels to continue to rise, at least through the first half of the year. The company is cutting expenses further and streamlining its business.
Qualcomm’s (NASDAQ:QCOM) adjusted revenue for the first quarter of 2023 was $9.46 billion, compared to analysts’ expectations of $9.61 billion; first-quarter adjusted earnings per share were $2.37 versus analysts’ expectations of $2.35; second-quarter revenue was expected to be $8.7 billion to $9.5 billion, compared with analysts’ expectations of $9.58 billion; and second-quarter adjusted earnings per … Read more
Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.1.10 (Note: The upper red line in the picture is the resistance, and the lower red line is … Read more