Chipmakers Qualcomm and Arm post sales rise on smartphone strength
Despite beating revenue forecasts, Qualcomm shares were down more than 4.5 per cent in after-hours trading, while Arm shares were about 6 per cent lower. Shares in both groups have rallied over the past year, setting a high bar for their quarterly earnings reports.
Qualcomm results, forecast top expectations
For its current fiscal second quarter, Qualcomm forecast sales range with a midpoint of US$10.75 billion and adjusted profits of US$2.80 per share, both above analyst estimates of sales of US$10.34 billion and adjusted profit US$2.69 per share, according to data from LSEG.
Qualcomm and Arm were dropping on Thursday but there’s reason to think the onset of low-cost artificial intelligence is good ...
Qualcomm Inc shares fell 4.6% after market hours over the weak second-quarter guidance despite exceeding analyst expectations ...
Qualcomm reported a record quarter for its automotive, handset and IoT business, and see the "era of AI inference" driving more demand.
Great results can’t please anyone The reaction to Qualcomm and Arm’s stonking results is more proof that Wall Street's ...
Qualcomm (QCOM) is scheduled to report results of its fiscal first quarter after the market closes on February 5 with a conference call ...
Qualcomm reported fiscal first-quarter results Wednesday and guidance for the current quarter as smartphone demand continues to improve, boosting demand for its chips.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback