FinanceCNBC Techabout 23 hours ago
Qualcomm Issues Disappointing Earnings Forecast
2 min read
Qualcomm reported quarterly earnings of $10.32 billion, beating Wall Street estimates but missing analyst expectations for the current quarter. CEO Cristiano Amon stated the company expects $5 billion in data center revenue by fiscal 2027. Overall company revenue fell 8% year over year as rising memory costs hurt smartphone demand.
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