Qualcomm Beats Q3 Revenue To $9.95 Billion, Guides Fourth-Quarter Earnings Lower
Qualcomm reported third-quarter revenue of $9.95 billion, beating analyst estimates of $9.62 billion, with adjusted earnings per share of $2.21 matching forecasts. The chipmaker guided for fourth-quarter adjusted earnings of $2.05 to $2.25, below the $2.35 consensus, and announced price increases to offset unprecedented rises in memory costs and supply constraints impacting global smartphone demand.
CEO Cristiano Amon stated that quarterly revenue landed at the high end of guidance, citing solid execution amid the challenging supply environment. The company raised its long-term target for non-handset revenue to $40 billion by fiscal 2029, expecting year-over-year growth in segments including data center chips to accelerate from 24 percent in fiscal 2026 to more than 60 percent in fiscal 2027.
From the sources (5 posts)
@cnbcQualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
@alphasenseinc$QCOM Earnings: - Revenue: $9.9 billion - GAAP EPS: $1.87, Non-GAAP EPS: $2.21 “Despite a challenging memory and supply environment, our third quarter results reflect solid execution of our growth strategy, with quarterly revenues at the
@financialjuice$QCOM Qualcomm Q3 Earnings Adjusted EPS $2.21, est. $2.21 Adjusted revenue $9.95B, est. $9.62B 9M capex $1.58B China OEM handset revenue reached a bottom in Q3 Sees Q4 adjusted EPS $2.05 to $2.25, est. $2.35 Sees Q4 revenue $9.7B to $10.5B
@tradfi*QUALCOMM: UNPRECEDENTED INCREASES IN MEMORY PRICING, SUPPLY CONSTRAINTS MADE CYCLICAL HEADWINDS FOR GLOBAL SMARTPHONE INDUSTRY IN FY26 - PRESENTATION $QCOM
@tradfi*QUALCOMM 3Q ADJ EPS $2.21, EST. $2.21 *QUALCOMM 3Q ADJ. REV. $9.95B, EST. $9.62B *QUALCOMM SEES 4Q ADJ EPS $2.05 TO $2.25, EST. $2.35 $QCOM