Qualcomm Q3 Highlights: Revenue Beat, EPS Miss, CEO Says 'Solid Execution of Growth Strategy' - Qualcomm

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

Qualcomm Q4 guidance missed on supply inflation; Apple share collapses below 20%. Margin squeeze forces strategic shift from smartphone to data center revenue—signaling device commoditization, budget-tier buyer migration, and Qualcomm's full pivot to AI infrastructure.