semiconductor / news / / Barchart
Qualcomm (QCOM) is a semiconductor and tech company that designs chips and software powering smartphones, cars, computers, and connected devices.
Qualcomm's QCT Handsets revenue is forecasted to decline by 22% in 2026, per JPMorgan.
KEY POINTS
- Qualcomm's automotive revenues are expected to accelerate by over 35% year-over-year in Q2 2026.
- The company completed acquisitions of Alphawave Semi and Ventana Micro Systems to boost connectivity and RISC-V CPU development.
- Qualcomm anticipates revenues between $10.2 billion and $11 billion in Q2 2026, a drop from prior quarters.
- JPMorgan downgraded Qualcomm stock to 'Neutral' and cut its price target to $140 from $185.
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