Reported about 10 hours ago
Qualcomm exceeded analyst predictions with a sales forecast of $10.75 billion and adjusted profits of $2.80 per share for its upcoming fiscal second quarter, driven by AI advancements boosting smartphone demand. However, its share price fell by 4.8% due to expectations of stagnant revenue from its patent licensing business after a deal with Huawei expired. Despite securing significant deals, including a partnership with Samsung, investors remain wary as licensing agreements appear less lucrative this year.
Source: YAHOO