QCOM

The semiconductor company gave a soft outlook for the current quarter and warned of price increases.

Marley Kayden and Alex Coffey talk about the biggest earnings movers so far this week in Microsoft (MSFT) and Meta Platforms (META). One beat on the top and bottom line while the other missed on EPS, signaling a mixed after-hours trading session as investors weigh if growing CapEx is offering enough AI ROI.

Qualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations. But the chipmaker provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch for computer parts, especially memory.

Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs ​weighed on its business.

SAN DIEGO--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company's financial results for its third quarter of fiscal 2026 through an earnings release that is available on the Qualcomm Investor Relations website at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov. As previously announced, Qualcomm.

Pre-market futures are flat-to-down ahead of today's open, with overseas turbulence in the memory chip market reverberating on domestic shores. We also see something of a hesitation in trading ahead of this afternoon's Fed decision on interest rates.

A quarter-points rate hike has been bandied about as a possibility today.

Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion.

Qualcomm said on Wednesday it has signed a long-term deal to supply chips ​for German luxury automaker BMW's future digital ‌cockpit and advanced driver-assistance systems through the next decade.

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