Qualcomm shares fall 7% as earnings outlook disappoints investors

Qualcomm issued a weak earnings forecast as memory shortages weighed on smartphone sales, CNBC reported, despite results that exceeded expectations. The Verge reported that smartphone sales were down around 20% compared with 2025 and that the company was turning to AI data centers to help improve its financial performance.

• The Verge reported data center partnerships with Amazon and Meta.

Covered by 3 publishers within 2 hours of the first report.

• CNBC: Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales
• Latest 5:42 PM ET The Verge: Qualcomm is betting big on data centers as smartphone sales sink

Reporting3

CN CNBC Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales 4:36 PM

VG The Verge Qualcomm is betting big on data centers as smartphone sales sink · Terrence O’Brien 5:42 PM

SA SiliconANGLE Qualcomm’s stock falls on revenue miss and weak guidance; Arm and GlobalFoundries do little better · Mike Wheatley 6:42 PM

Related

TNW Qualcomm validates first-generation HBC silicon for AI inference November 2

TNW Big Tech has now committed more than $3 trillion to the AI build-out October 30

DT Amazon backs 960MW nuclear project for AI power October 21

ARM Arm's sales outlook falls short of investor hopes for AI growth November 4

Topics AmazonQualcommData centers