Qualcomm Beats on Q1 But Outlook Clouds QCOM Stock

Qualcomm topped Q1 with EPS of $3.50 on revenue of $12.25B, but the stock fell as guidance for the next quarter came in below expectations due to memory-chip shortages and weaker smartphone demand, especially in China. The company guided to $2.45–$2.65 per share and $10.2B–$11B in revenue, signaling near-term headwinds despite strong AI data-center chip demand. Investors will parse memory-supply stabilization and handset demand recovery, while Qualcomm emphasizes longer-term growth in automotive and IoT; analysts show a Moderate Buy with upside to roughly $184.67.