Qualcomm Earnings: Maintain $170 FVE as Ramping AI Revenue Offsets Handset Weakness
Qualcomm reported fiscal fourth-quarter revenue of $10.3 billion, down 8% year over year but above the midpoint of guidance. Qualcomm expects December-quarter revenue of $10.8 billion, down 12% year over year but ahead of FactSet consensus estimates of $10.5 billion.