Latest news with #Qualcomm
Bloomberg
an hour ago
- Business
- Bloomberg
Figma Goes Public, CEO Field Sets Eyes on Growth
Bloomberg's Caroline Hyde speaks with Figma CEO Dylan Field from the New York Stock Exchange as his company goes public in one of the year's biggest IPOs. Plus, Qualcomm CEO Cristiano Amon joins Bloomberg's Ed Ludlow to discuss how the company is adapting to declines in handset demand. And Arm CEO Rene Haas says the company made a conscious decision to invest heavily in the previous quarter. (Source: Bloomberg)
Yahoo
6 hours ago
- Business
- Yahoo
Qualcomm's China Exposure A Key Risk Despite Xiaomi Partnership: Analyst
Qualcomm (NASDAQ:QCOM) posted a solid fiscal third-quarter performance on Wednesday, boosted by continued growth in its automotive and IoT businesses. However, a cautious fourth-quarter outlook and lingering concerns over handset market volatility tempered investor enthusiasm, sending shares down more than 7% in Thursday trading. Analysts across Wall Street responded with cautious optimism. Rosenblatt Securities' Kevin Cassidy, who maintained a Buy rating and a $225 price forecast, described the quarter as a 'solid beat'.While fourth-quarter projections may not inspire near-term excitement, Cassidy underscored Qualcomm's strength in edge AI, backed by its multi-generation NPU roadmap. He trimmed his fourth-quarter forecast slightly to $10.65 billion in revenue and $2.85 EPS, and now expects fiscal 2025 revenue of $43.52 billion and EPS of $11.88. Bank of America Securities analyst Tal Liani also reiterated a Buy with a $200 forecast, emphasizing Qualcomm's progress in diversifying beyond smartphones. While handset revenue was marginally below expectations due to mix and timing issues, automotive and IoT gains, up 21.3% and 23.7% respectively, provided an effective offset. Liani sees handset revenue rebounding in the next quarter, with forward guidance implying aggregate third-quarter and fourth-quarter performance should beat Street expectations. He also pointed to a stronger-than-expected operating margin that contributed to a 5-cent EPS beat. Liani noted that non-handset revenue now comprises 30% of QCT sales, up from 25% three years ago, and is projected to grow 16% in 2025 and 20% in 2026. He highlighted strong design momentum in automotive, with 12 digital chassis wins and 50 new vehicle launches this year. IoT, meanwhile, is being propelled by AI PCs and smart glasses adoption. However, Liani flagged China as a key risk, with the region accounting for 68% of QCT handset revenue. Qualcomm's expanded relationship with Xiaomi (OTC:XIACF) and leadership in the mid-to-high-end segment provide some insulation, but rising domestic competition, particularly from MediaTek, remains a threat. He also pointed to Qualcomm's longer-term ambitions in the data center space as a potential future catalyst. The company, which recently acquired Alphawave, is leveraging its CPU and NPU assets and has entered advanced talks with a major hyperscaler. Though material revenue from this push isn't expected until 2028, Liani views it as a promising growth avenue. J.P. Morgan's Samik Chatterjee echoed these sentiments, reiterating an Overweight rating and a $200 price forecast. He noted that the strength in IoT and automotive helped counteract weaker handset performance. With the fourth quarter guidance pointing to a handset recovery, Chatterjee anticipates combined third and fourth-quarter revenue to exceed prior forecasts. Looking ahead, he forecasts continued momentum in Auto and IoT, projecting 35% and 20% growth respectively in fiscal 2025, with handset sales expected to rise 10%. While Qualcomm faces a revenue headwind from the expected loss of Apple (NASDAQ:AAPL) business, Chatterjee highlighted management's confidence in non-Apple revenues. He anticipates overall revenue growth will slow to single digits in fiscal 2026 and 2027, but expects non-Apple handset revenue, Auto, and IoT segments to drive a return to double-digit growth beyond that period. While Qualcomm's strong quarterly execution reinforces its diversification strategy and long-term AI positioning, near-term caution around the handset cycle and China exposure continues to cloud the outlook for some investors. Price Action: QCOM stock is trading lower by 7.61% to $147.04 at last check Thursday. Photo via Shutterstock Latest Ratings for QCOM Date Firm Action From To Feb 2022 Mizuho Maintains Buy Feb 2022 Morgan Stanley Maintains Overweight Feb 2022 JP Morgan Maintains Overweight View More Analyst Ratings for QCOM View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? QUALCOMM (QCOM): Free Stock Analysis Report This article Qualcomm's China Exposure A Key Risk Despite Xiaomi Partnership: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
6 hours ago
- Business
- Yahoo
QUALCOMM (QCOM) Reports Q3 Revenue Of US$10 Billion With Increased Earnings
QUALCOMM recently announced strong third-quarter earnings, with revenue increasing to $10,365 million and net income rising to $2,666 million year-over-year. This financial performance was accompanied by a shareholder-friendly move as Qualcomm declared a quarterly dividend of $0.89 per share, adding appeal to long-term investors. Additionally, the company's move to appoint Christopher Young to its Board signifies a strategic push towards enhancing its management team. Amid a broader market backdrop where major indices have experienced robust earnings-driven gains, Qualcomm's stock price rose 18% last quarter, aligning with bullish trends seen in other tech stocks. Buy, Hold or Sell QUALCOMM? View our complete analysis and fair value estimate and you decide. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. QUALCOMM's recent announcement of strong third-quarter financial results, coupled with a quarterly dividend declaration, underlines its commitment to rewarding shareholders, aligning well with its strategic initiatives highlighted earlier. The appointment of Christopher Young to the Board may bolster management expertise in expanding sectors like automotive and IoT, potentially enhancing revenue streams and profitability. This strategic focus aligns with analyst expectations for revenue growth via initiatives targeting $22 billion in non-handset revenue by fiscal 2029, suggesting a positive trajectory for long-term earnings. Over the past five years, QUALCOMM's total shareholder return was 58.85%, illustrating steady longer-term appreciation, especially when compared to its underperformance against the US market's 15.7% gain over one year. Relative to the semiconductor industry, which returned 39.1%, QUALCOMM lagged, indicating sector-specific challenges during the past year despite broader technological advancements. In terms of financial projections, the recent developments may support QUALCOMM's ambition to deploy advanced Snapdragon platforms, further diversifying income sources, and boosting revenue growth prospects. The share price's current positioning at US$159.06, with an 8% discount to the consensus analyst price target of US$176.20, highlights market expectations of potential upside as these strategies unfold. However, fluctuations in global trade dynamics and competitive pressures remain considerations against these initiatives. The market's view of QUALCOMM's value in the longer term remains cautiously optimistic but underscored by the need for consistent operational execution. The valuation report we've compiled suggests that QUALCOMM's current price could be quite moderate. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include QCOM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
7 hours ago
- Business
- Yahoo
QCOM: Qualcomm Stock Tumbles After Warning Apple Loss Could Trim Revenue
July 31 Qualcomm (NASDAQ:QCOM) shares slipped nearly 6% on Thursday after investors weighed the potential loss of Apple (NASDAQ:AAPL) modem revenue and rising U.S. tariff risks for semiconductors. Warning! GuruFocus has detected 6 Warning Sign with META. The chipmaker said Apple's move to start using its own in?house modems for the iPhone 16e next February could reduce future sales, even as current?quarter forecasts remained supported by Android demand. Concerns deepened after former President Donald Trump repeated threats to impose tariffs on semiconductors, raising the risk of supply chain disruption. While chips have not yet been targeted, analysts said new levies could trim mid?single?digit percentages from Qualcomm's handset revenue. CFO Akash Palkhiwala said customers are not accelerating orders to avoid potential tariffs. Analysts at TD Cowen noted that sales to Samsung and Xiaomi have grown over 15% this fiscal year, helping offset the expected Apple decline. Qualcomm, the world's largest modem supplier, is also expanding into augmented reality. CEO Cristiano Amon said the company now supports 19 AR products, including Meta's (NASDAQ:META) Ray?Ban smart glasses, and expects more launches in coming quarters. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 hours ago
- Business
- Yahoo
Lam Research, Qualcomm, FormFactor, Applied Materials, and KLA Corporation Shares Are Falling, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after a series of divergent earnings reports highlighted a clear split in the semiconductor industry, with investors rewarding companies exposed to the AI boom while punishing those tied to slowing consumer electronics and manufacturing equipment markets. The market was clearly distinguishing between winners and losers during the earnings season. Companies with strong exposure to the artificial intelligence boom saw their stocks surge on optimistic forecasts. In contrast, firms exposed to the smartphone market, like Qualcomm and Skyworks Solutions, fell on signs of weakness in consumer electronics. The semiconductor equipment segment, including Lam Research and Applied Materials, also faced headwinds amid concerns of a potential slowdown, following cautious outlooks from industry leaders. This trend highlights a broader investor sentiment that is selective, favoring AI-centric growth stories over more traditional, cyclical parts of the chip market. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Semiconductor Manufacturing company Lam Research (NASDAQ:LRCX) fell 5.4%. Is now the time to buy Lam Research? Access our full analysis report here, it's free. Processors and Graphics Chips company Qualcomm (NASDAQ:QCOM) fell 8.3%. Is now the time to buy Qualcomm? Access our full analysis report here, it's free. Semiconductor Manufacturing company FormFactor (NASDAQ:FORM) fell 18%. Is now the time to buy FormFactor? Access our full analysis report here, it's free. Semiconductor Manufacturing company Applied Materials (NASDAQ:AMAT) fell 6%. Is now the time to buy Applied Materials? Access our full analysis report here, it's free. Semiconductor Manufacturing company KLA Corporation (NASDAQ:KLAC) fell 4.8%. Is now the time to buy KLA Corporation? Access our full analysis report here, it's free. Zooming In On FormFactor (FORM) FormFactor's shares are very volatile and have had 26 moves greater than 5% over the last year. But moves this big are rare even for FormFactor and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 15 days ago when the stock dropped 3.1% as a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike. The negative sentiment was triggered after the Dutch firm, whose complex machines are essential for producing advanced chips, warned it could no longer guarantee growth in 2026. ASML's management cited "increasing uncertainty driven by macro-economic and geopolitical developments," including the potential for new U.S. tariffs. As an industry bellwether, a company whose performance is seen as an indicator of the entire sector's health, ASML's comments are a key signal of future capital spending. The warning sent a chill through the market, as concerns grow that trade tensions could disrupt the highly globalized semiconductor supply chain and slow down investment from chip manufacturers. FormFactor is down 37.1% since the beginning of the year, and at $27.81 per share, it is trading 48.1% below its 52-week high of $53.56 from July 2024. Investors who bought $1,000 worth of FormFactor's shares 5 years ago would now be looking at an investment worth $964.11. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
