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Qualcomm Rides AI Wave To Record Quarter, But Lowered Q2 Guidance Thanks To Seasonality And Apple Shipments Drags Down Stock
Thursday, February 6, 2025 - 2:11am | 725Despite beating the street’s earnings expectations, posting a record first-quarter revenue, and showcasing strength in on-device artificial intelligence inference, Qualcomm Inc. (NASDAQ:QCOM) shares fell 4.6% after market hours over the weak second-quarter guidance. What Happened: Qualcomm's...
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EXCLUSIVE: 'On-Device AI Revolution Is Fundamental,' Says Qualcomm CFO
Thursday, May 30, 2024 - 2:29pm | 575At Benzinga's “AI Unleashed: Exploring the Possibilities” virtual event on Thursday, Akash Palkhiwala, Qualcomm Inc‘s (NYSE:QCOM) chief financial officer and chief operations officer, announced the company's new emphasis on on-device artificial intelligence (AI). This marks a...
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AI Unleashed: 'AI Leading the Largest Technology Investment Cycle In History,' Expert Says
Tuesday, May 28, 2024 - 3:31pm | 649Prepare for a journey into the future of technology at the upcoming virtual event AI Unleashed: Exploring the Possibilities. This event will uncover the groundbreaking potential of artificial intelligence (AI) and examine its impact across various industries. Attendees will learn about the latest...
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EXCLUSIVE: Why Qualcomm's Automotive Business Is Seeing 'Transformation Like Never Before'
Monday, August 29, 2022 - 3:34pm | 716QUALCOMM Inc (NASDAQ: QCOM) reported third-quarter results at the end of last month that came in above analyst expectations, led by strength in automotive and IoT. Nakul Duggal, Qualcomm's senior vice president and general manager of automotive, dove deeper into what's driving the...
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EXCLUSIVE: Qualcomm CFO Says Company Is 'Naturally Positioned' To Benefit From The Digital Transformation: 'The Opportunity In Front Of Us Is Unlimited'
Thursday, August 11, 2022 - 3:57pm | 948QUALCOMM Inc (NASDAQ: QCOM) shares surged in July leading up to the company's quarterly results. A strong earnings report from the chipmaker at the end of the month helped to reinforce the recent rally. "We had record revenue both in IoT and automotive, and within handsets, we saw...
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Qualcomm Exclusive: CFO On How Samsung License Extension Offers New Revenue Opportunities, Cloud Growth And iPhone 2023 Rumors
Wednesday, July 27, 2022 - 5:48pm | 750Semiconductor company Qualcomm Inc (NASDAQ: QCOM) reported third-quarter results after the market close Wednesday. Here are the key highlights and exclusive comments from Chief Financial Officer Akash Palkhiwala. What Happened: Qualcomm reported third-quarter revenue of $10.9 billion, up 37% year-...
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EXCLUSIVE: Qualcomm CFO Sees 'Limitless' Opportunity Ahead In Cloud Connectivity
Friday, April 29, 2022 - 3:40pm | 593The world is in the midst of a digital transformation and Qualcomm Inc (NASDAQ: QCOM) is at the center of it. Qualcomm's Role: Amazon.com Inc's (NASDAQ: AMZN) AWS and Microsoft Corp's (NASDAQ: MSFT) Azure are holding down the cloud side of the transformation, but silicon is...