Qualcomm Beats Expectations – But a [Bottleneck] Slows the Party
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Qualcomm delivered in the first quarter of 2026. The company reports record revenues of $12.3 billion and an adjusted earnings per share of $3.50. Key drivers were primarily premium smartphones, strong growth in the automotive business, and ongoing momentum in the IoT sector. CEO Cristiano Amon speaks of robust demand, particularly in the high-end segment. Auto Chips Rev Up the Turbo Particularly noteworthy is the outlook for the automotive business. For the second quarter, Qualcomm predicts revenue growth of over 35%. New design wins, deeper...
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