Qualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecast
2 sources·Updated July 30, 2026
Covered by 2 sources
- ET Markets·11h agoQualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecast
Qualcomm's stock has seen a notable drop following its alert about escalating memory costs. Increased expenditures and rising prices are expected to strain profit margins in the immediate future. The firm has projected an adjusted earnings per share that falls short of analysts'…
Read at ET Markets → - ET Tech·23h agoQualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
Shares of the company were down more than 4% in extended trading on Wednesday, while Apple shares were flat.
Read at ET Tech →
