Source: press CNBC•November 5, 2026 at 02:36 AM

Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales

Qualcomm President and CEO Cristiano Amon delivers a keynote speech during a press event ahead of COMPUTEX on June 01, 2026 in Taipei, Taiwan. Qualcomm reported quarterly results on Wednesday that topped Wall Street estimates, but the chipmaker's earnings forecast came in lighter than expected.…

Qualcomm President and CEO Cristiano Amon delivers a keynote speech during a press event ahead of COMPUTEX on June 01, 2026 in Taipei, Taiwan.

Qualcomm reported quarterly results on Wednesday that topped Wall Street estimates, but the chipmaker's earnings forecast came in lighter than expected. The stock slid 7% in extended trading.

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Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales

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Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales

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More in Hardware & Electronics

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