Qualcomm's performance surpassed the Q3 earnings estimates and signaled growth in many areas, particularly Meta smartglasses and
AI-driven chip demand. Despite the impressive performance, Qualcomm shares saw a dip in the wake of earnings, partially attributed to concerns over Apple's shift and related tariff implications. The company's stock appeared resilient, as analysts continued to see value, with notable purchases from Banco Santander, Jupiter Asset Management, and Mitsubishi UFJ Trust & Banking Corp. However, Qualcomm's higher reliance on premium smartphone chips and Apple's modem loss raised doubts regarding growth potential. Diversification into
automotive and IoT is seen as a positive step leading to Qualcomm's business expansion. Despite some disappointing guidance that led to premarket dips, Qualcomm's earnings reveal significant growth in non-smartphone sectors, notably a 29% profit jump due to advancements in AI and automotive technology. On the downside, the company's Q3 stock price fell by 5.5% after an
analyst downgrade. The firm's upcoming
earnings call could further influence stock performance.
Qualcomm QCOM News Analytics from Fri, 11 Jul 2025 07:00:00 GMT to Sat, 02 Aug 2025 23:43:20 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor 6
