semiconductor / news / / Benzinga
Qualcomm reported second-quarter revenue of $10.60 billion, down 2% year-over-year.
Qualcomm's QCT automotive revenue hit a record $1.33 billion, up 38% year-over-year.
KEY POINTS
- A new $20 billion share buyback program has been announced by Qualcomm.
- Qualcomm confirmed initial data center chip shipments for a leading hyperscaler later this year.
- An Investor Day on June 24 will detail Qualcomm's Data Center and Physical AI growth plans.
COMPANIES
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