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Qualcomm tops estimates but gives light revenue forecast

  • Qualcomm reported fiscal second-quarter results on Wednesday, beating revenue and earnings estimates but forecasting lighter sales ahead.
  • The company’s stronger-than-expected results stemmed from 17% revenue growth, but escalating trade tensions and slower smartphone demand raised uncertainty.
  • Qualcomm posted $10.98 billion in revenue and $2.85 adjusted EPS, exceeding analyst predictions of $10.65 billion and $2.82 per share respectively.
  • The company forecast third-quarter revenue between $9.9 billion and $10.7 billion and EPS of $2.60 to $2.80, slightly below Wall Street’s averages of $10.3 billion and $2.67.
  • These results led to a 5.4% drop in after-hours stock, signaling investor concerns about trade impacts and macroeconomic pressures on Qualcomm’s core smartphone market.
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Colorado Springs GazetteColorado Springs Gazette
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Denver GazetteDenver Gazette
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Qualcomm sees third-quarter revenue below estimates, shares drop 6%

By Arsheeya Bajwa and Max A. Cherney

·Colorado Springs, United States
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Phone Arena broke the news in on Wednesday, April 30, 2025.
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