Qualcomm Q4 Earnings Preview: It's Snapdragon Vs. China's Apple Dynamics
Portfolio Pulse from Surbhi Jain
Qualcomm Inc (NASDAQ:QCOM) is set to report its Q4 earnings on Nov. 1. Analysts will focus on inventories, orders, shipments, revenues, margins, and the company's revenue diversification initiatives. Investors are positive about the company's latest Snapdragon X Elite and new Snapdragon smartphone chipset. However, challenges faced by Apple Inc (NASDAQ:AAPL), Qualcomm's largest customer, in China may impact Qualcomm. Wall Street analysts expect Qualcomm to report $1.8 in EPS and $8.03 billion in revenue for Q4, and $8.30 in EPS and $35.69 billion in revenue for the fiscal year ending September 2023.
November 01, 2023 | 3:00 pm
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NEUTRAL IMPACT
Qualcomm is set to report its Q4 earnings. Analysts will focus on various aspects of the company's performance. Challenges faced by Apple in China may impact Qualcomm.
The upcoming earnings report and the performance of Qualcomm's new products will likely influence the company's stock price. However, the challenges faced by Apple in China, Qualcomm's largest customer, could negatively impact Qualcomm.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Apple's challenges in China may impact Qualcomm, its major part supplier.
As Apple faces challenges in China, it could potentially affect its orders from Qualcomm, which could impact Qualcomm's revenues and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50