Qualcomm (QCOM) came out with quarterly earnings of $2.85 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.44 per share a year ago.
Chief Executive Cristiano Amon said Qualcomm is navigating the current macroeconomic and trade environment and remains “focused on the critical factors we can control.”
The chipmaker says it is focused on its diversification strategy.
Qualcomm on Wednesday forecast third-quarter revenue just shy of Wall Street estimates, expecting tepid demand for its smartphone chips as the CEO expressed concern about the macroeconomic environment and global trade.
The Wall Street consensus estimate is for the company to report March quarter revenue of $10.6 billion with adjusted earnings per share of $2.82.
Despite a 14% share decline since February, I remain bullish on Qualcomm due to strong Q1 results and robust growth in Automotive and IoT segments. Qualcomm's fabless model and tariff carveouts position it well to navigate the trade war, preserving its pricing power and market share in China. Projected Q2 earnings are strong, with expected EPS of $2.81 and revenue of $10.65 billion, driven by handset, automotive, and IoT growth.
Investors looking for stocks in the Electronics - Semiconductors sector might want to consider either Qualcomm (QCOM) or Applied Materials (AMAT). But which of these two stocks offers value investors a better bang for their buck right now?
Solid growth opportunities within the mobile space, led by innovations in the Snapdragon portfolio, are tailwinds for QCOM.
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Evaluate the expected performance of Qualcomm (QCOM) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Qualcomm's stock has dipped due to fears of AI chip sales slowdown, while the market is overly focused on modem sales to Apple. The wireless chip company still targets $22 billion in FY '29 non-handset revenue, with significant AR/VR opportunities. Qualcomm's Snapdragon-based Ray-Ban Meta glasses and other XR products show strong potential, with Meta aiming to produce 10 million units annually by 2026.
Qualcomm (QCOM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.