Qualcomm reports Q2 revenue down 3% YoY to $10.6B and says a new top hyperscaler client is on track to begin using its components later in 2026; QCOM jumps 5%+
Qualcomm Inc. rallied in late trading after the company said it was making headway in the lucrative data center market and predicted …
Bloomberg Ian King
Related Coverage
- Qualcomm Announces Second Quarter Fiscal 2026 Results s204.q4cdn.com
- Qualcomm FY Q2 2026 earnings highlight a mobile industry under pressure from the memory shortage Android Central · Derrek Lee
- Qualcomm to ship custom product with hyperscaler in 4Q26 DigiTimes
- Qualcomm shares soar 16% on CEO comments about China orders, hyperscaler customer CNBC · Katie Tarasov
- QUALCOMM Stock: Is Wall Street Bullish or Bearish? Barchart.com · Neharika Jain
- Qualcomm shares surge on earnings beat, $20B buyback and data center timeline SiliconANGLE · Duncan Riley
- Qualcomm Revenues Decline 3 Percent to $10.6 Billion Thurrott · Paul Thurrott
- Qualcomm quarterly forecast underwhelms, but CEO says worst of memory crunch over Reuters
- Qualcomm jumps 15% after data center chip update Tech in Asia · Diya Lal
Discussion
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@danielnewmanuv
Daniel Newman
on x
$QCOM has a custom XPU/CPU business. And the market is finally catching up to this. Some of us tried to warn you. 🙃
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@kristinaparts
Kristina Partsinevelos
on x
NEW: I asked Qualcomm CEO Cristiano Amon about OpenAI smartphone speculation:. He said: “You should expect that we're working not only with them but most of the AI companies today. The design engagement is very robust.” Declined to comment on any specific device. $QCOM
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@citrini
@citrini
on x
My hottest and most wrong (year to date) take is also probably the only semi stock that Zephyr and I currently disagree on. Since December I've been bullish QCOM and he's been bearish. Of course, he has been hugely right and I have not been - but I really think that's going to
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@benbajarin
Ben Bajarin
on x
$QCOM dropped this new nugget on the call. They are officially in the custom ASIC game. Rumors had swirled they were engaged with Google (speculative, but it's likely Google on TPUs). I expect more at FA day in June. [image]
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@kristinaparts
Kristina Partsinevelos
on x
$QCOM swung from -7% to +14% in after-hours after CEO Amon called Q3 the bottom for Chinese handset revenues and said the company will begin shipping to a large hyperscaler data center customer this calendar year — earlier than the fiscal 2027 timeline previously guided. [image]
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@jukan05
Jukan
on x
I'm skeptical that Qualcomm can stage a meaningful rebound within this year. Why did Apple choose to adopt WMCM packaging for the iPhone 18? It was precisely to enable the use of more DRAM for on-device AI. However, according to recent industry checks, even Apple appears to
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@stocksavvyshay
Shay Boloor
on x
$QCOM Q2 EARNINGS • Revenue $10.60B vs Est. $10.56B • EPS $2.65 vs Est. $2.55 • Automotive Revenue $1.33B (+38% YoY) Q3 Guidance • Revenue $9.6B vs Est. $10.3B • EPS $2.20 vs Est. $2.43 CEO Cristiano Amon says lead hyperscaler custom silicon program remains on track for [image]
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@zephyr_z9
@zephyr_z9
on x
Memory prices will bite Qcom hard
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@patrickmoorhead
Patrick Moorhead
on x
$QCOM ripping on two things: 1/ Datacenter quote in the release: “We are equally excited by our entry into the data center, where a leading hyperscaler custom silicon engagement is on track for initial shipments later this calendar year.” 2/ Handsets bottom in Q3 The company