Qualcomm is shifting its business strategy to reduce reliance on the smartphone segment, targeting new growth areas like PC, ...

With an estimated revenue of $7.3B - 7.8B from Apple, assuming a 25% operating margin, which is slightly below Qualcomm's 2024 operating margin of around 26% and considering Apple's bargaining ...

The article " Qualcomm's Next Gear: A Growth Story Wall Street Might Be Missing " first appeared on MarketBeat.

Qualcomm’s business selling chips rose 18% on an annual basis to $9.47 billion in revenue during the quarter.

Qualcomm said that its automotive business grew a 59% on an annual basis, to $959 million in sales. Its Internet of Things business rose 27% to $1.58 billion in revenue.

In its third-quarter guidance, Qualcomm said it’s looking for revenue of $10.3 billion at the midpoint, slightly lower than Wall Street’s forecast of $10.35 billion.