# The semiconductor company also gave a forecast for the current quarter that came in below Wall Street's expectations.

*semiconductor · news · 2026-04-29 · MarketScreener*

## Key points

- Qualcomm's profit was boosted by a $5.7 billion income tax benefit last quarter.
- Sales in Qualcomm's handset segment dropped 13%, despite overall revenue growth.
- Qualcomm will begin initial shipments for a leading hyperscaler later this calendar year.
- Qualcomm's current-quarter forecast falls below Wall Street's earnings and revenue expectations.

**Companies:** Qualcomm

[Read the full story on MarketScreener](https://www.marketscreener.com/news/qualcomm-2q-sales-rise-on-automotive-internet-of-things-growth-ce7f58dade88f72c)

---

Canonical: https://newsio.io/n/90bcd943-7aa1-4660-87f2-a3894602c7cf/the-semiconductor-company-also-gave-a-forecast-for-the-current-quarter-that-came
Summarized by Newsio from MarketScreener. https://newsio.io/how-it-works