semiconductor / news / / Benzinga
Revenue for the quarter came in at $10.60 billion, down 2% from a year earlier.
Qualcomm's third-quarter earnings guidance is below Wall Street expectations for both profit and revenue.
KEY POINTS
- The automotive segment now exceeds a $5 billion annual revenue run rate, targeting over $6 billion by 2026.
- Qualcomm has begun production of its Snapdragon X2 PC platform featuring always-on AI and significant performance gains.
- A custom silicon partnership with a major hyperscaler will yield initial data center CPU shipments later this year.
- Qualcomm expects China Android revenue to bottom in Q3 before sequentially improving.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →