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The semiconductor company also gave a forecast for the current quarter that came in below Wall Street's expectations.
Qualcomm's profit was boosted by a $5.7 billion income tax benefit last quarter.
KEY POINTS
- 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
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