Qualcomm to report Q4 earnings amid slowing smartphone, PC sales
Qualcomm issued a tepid profit outlook and delivered smartphone chip sales that missed estimates as rising supply costs and memory shortages weighed down performance. Although the company reported better-than-expected fourth-quarter results, the weak first-quarter earnings forecast sent its stock down by six percent. A broader handset slowdown offset gains in the automotive sector, compounding pressure from slowing smartphone and personal computer sales across the market.
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- ✓ Qualcomm stock dropped six percent on a weak earnings forecast.
- ✓ Qualcomm smartphone chip sales missed estimates.
- ✓ A handset slowdown offset automotive gains as revenue fell.
What changed
Qualcomm released its fourth-quarter financial results and issued a weak first-quarter earnings outlook.
Live updates
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Qualcomm Shares Fall on Weak Forecast Amid Memory Shortages
Qualcomm issued a tepid profit outlook and delivered smartphone chip sales that missed estimates as rising supply costs and memory shortages weighed down performance. Although the company reported better-than-expected fourth-quarter results, the weak first-quarter earnings forecast sent its stock down by six percent. A broader handset slowdown offset gains in the automotive sector, compounding pressure from slowing smartphone and personal computer sales across the market.
Why it matters
Qualcomm reports fourth-quarter results following a period of declining demand in core hardware markets. The company faces supply cost pressures that threaten profitability despite pockets of growth in automotive sectors. Industry-wide memory shortages continue to strain production for mobile devices.
What is confirmed
- Qualcomm stock dropped six percent on a weak earnings forecast.
- Qualcomm smartphone chip sales missed estimates.
- A handset slowdown offset automotive gains as revenue fell.
What to watch next
- Future quarterly earnings reports to gauge the impact of memory shortages on mobile device sales
- Developments in automotive chip sector growth offsetting handset declines
confidence 100%Sources used for this update (8)
- CNBC — Qualcomm stock drops 6% on weak earnings forecast as memory shortage weighs on smartphone sales
- Reuters — Qualcomm's smartphone chip sales miss estimates, shares fall
- Yahoo Finance Singapore — Qualcomm to report Q4 earnings amid slowing smartphone, PC sales
- Bloomberg.com — Qualcomm Gives Tepid Profit Outlook After Supply Costs Rise
- WSJ — Qualcomm Revenue Falls as Handset Slowdown Offsets Automotive Gains
- www.cnbc.com — Qualcomm (QCOM) earnings report Q4 2026 - CNBC
- finance.yahoo.com — Qualcomm tops Q4 estimates, but Q1 earnings outlook falls ...
- ucapital.com — Qualcomm to report Q4 earnings amid… | UCapital News
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