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● LIVE Updated 5h ago · 15 sources tracked

Qualcomm Slides After Supply Costs Take a Bite Out of Profit

Qualcomm's stock fell 6%+ after the company issued a weak earnings forecast due to rising supply costs and a memory shortage affecting smartphone sales. Despite beating earnings estimates with $10.4B revenue, a 20% chip margin guide and EPS midpoint of $2.25 disappointed investors. The company's smartphone chip sales missed estimates, and it warned of margin headwinds.

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  • ✓ Qualcomm's stock drops 6%+ on weak earnings forecast
  • ✓ Qualcomm's smartphone chip sales miss estimates
  • ✓ Rising supply costs and memory shortage affect Qualcomm's profit margins
  • ✓ Qualcomm's revenue was $10.4B, beating earnings estimates
🛡️ Source Corroboration: 15 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Qualcomm's stock price reacted negatively to its earnings forecast and supply cost concerns.

Live updates

  1. Qualcomm Stock Drops on Weak Earnings Forecast and Supply Costs

    Qualcomm's stock fell 6%+ after the company issued a weak earnings forecast due to rising supply costs and a memory shortage affecting smartphone sales. Despite beating earnings estimates with $10.4B revenue, a 20% chip margin guide and EPS midpoint of $2.25 disappointed investors. The company's smartphone chip sales missed estimates, and it warned of margin headwinds.

    Why it matters

    Qualcomm, the largest maker of smartphone chips, is facing challenges due to a slowdown in smartphone and PC sales. The company's growth story is shifting from phones to cars and data centers. Rising supply costs and a memory shortage are affecting its profit margins.

    What is confirmed

    • Qualcomm's stock drops 6%+ on weak earnings forecast
    • Qualcomm's smartphone chip sales miss estimates
    • Rising supply costs and memory shortage affect Qualcomm's profit margins
    • Qualcomm's revenue was $10.4B, beating earnings estimates
    • Qualcomm's chip margin guide is 20%

    Still unconfirmed

    • Qualcomm is betting big on data centers as smartphone sales sink

    What to watch next

    • Qualcomm's Q1 earnings report
    • Development of Qualcomm's automotive and data center businesses
    • Changes in global smartphone and PC sales trends
    Sources used for this update (17)
    1. www.globalbankingandfinance.com — Latest Banking & Finance News & Analysis
    2. CNBC — Qualcomm stock drops 6% on weak earnings forecast as memory shortage weighs on smartphone sales
    3. Reuters — Qualcomm's smartphone chip sales miss estimates, shares fall
    4. Yahoo Finance Singapore — Qualcomm to report Q4 earnings amid slowing smartphone, PC sales
    5. Bloomberg.com — Qualcomm Gives Tepid Profit Outlook After Supply Costs Rise
    6. WSJ — Qualcomm Revenue Falls as Handset Slowdown Offsets Automotive Gains
    7. Barron's — Qualcomm’s Stock Falls After It Warns Chip Margins Are Getting Squeezed
    8. Yahoo Finance — Qualcomm Q4 Earnings Call Highlights
    9. Qualcomm — Qualcomm Earnings Release Available on Company's Investor Relations Website
    10. The Verge — Qualcomm is betting big on data centers as smartphone sales sink
    11. Yahoo Finance — Qualcomm (QCOM) Stock Stays Hard To Call Despite Fresh 5G Network News
    12. Yahoo Finance — Qualcomm tops Q4 estimates, but Q1 earnings outlook falls short
    confidence 85%
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