Qualcomm (QCOM) reports robust
Q2 earnings beat, exceeding revenue and EPS forecasts but faces softer revenue outlook, causing
stocks to decline. The tech giant is cashing on diversification and their non-handset business growth looks promising but the tariff issues cast a looming shadow on their forward guidance. In more positive news, announcements of
Dividend increase to $0.89 and a
Buyback plan of $2,468 million are a solid indication of the company's financial strength. Qualcomm continues its drive in
AI innovations with market analysts expecting it to gain from AI tailwinds and Chinese handset demand. In other news, the company has been granted more time for a potential $1B acquisition of U.K. AI entity, Alphawave. Prices targets by various analysts have fluctuated, with Evercore ISI, Loop capital, and Wells Fargo reducing their estimates. However, QCOM is regarded as a good dividend and value stock. Lastly, the future earnings growth is in anticipation despite the global adversities.
Qualcomm QCOM News Analytics from Mon, 07 Apr 2025 07:00:00 GMT to Sat, 03 May 2025 22:52:01 GMT -
Rating -3
- Innovation 6
- Information 8
- Rumor -4
