Qualcomm Q3 Earnings Preview: AI, Auto, Smartphones Top Items To Watch, Analyst Says 'Share Price Pull-Back Offers Entry Point'
Portfolio Pulse from Chris Katje
Qualcomm is set to report its Q3 earnings on July 31, with key focus areas being AI, automotive, and smartphone revenue. Analysts expect revenue of $9.22 billion and EPS of $2.25. The company has a strong track record of beating estimates. Despite a recent 14% share price drop, analysts see this as a good entry point, with several raising their price targets.
July 30, 2024 | 7:56 pm
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Qualcomm's Q3 earnings report will focus on AI, automotive, and smartphone revenue. Analysts expect $9.22 billion in revenue and $2.25 EPS. The company has a strong track record of beating estimates. Despite a recent 14% share price drop, analysts see this as a good entry point, with several raising their price targets.
Qualcomm's upcoming earnings report is highly anticipated, with key focus areas being AI, automotive, and smartphone revenue. The company has a strong history of beating estimates, and analysts are optimistic despite a recent share price drop. Several analysts have raised their price targets, indicating positive sentiment.
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