Qualcomm's revenue outlook is weak, falling more than 6% after hours.
2025-04-30 20:55:20
Qualcomm (QCOM. O) gave a weak outlook for its current-quarter revenue, underscoring concerns that tariffs will hurt demand for its products. The company said Wednesday that revenue for the quarter ending in June would be between $9.90 billion and $10.70 billion. The midpoint of the range was just below analysts' average estimate of $10.33 billion, sending its shares lower after-hours. Qualcomm's chief executive said the company was dealing with "the current macroeconomic and trade environment." The outlook reignited concerns that the smartphone market would be hit by a trade war. Qualcomm is seen as highly vulnerable to the threat of U.S. tariffs. Intel and other companies have given cautious outlooks, with some even warning that the economy could be headed for a recession. Qualcomm shares fell more than 6 percent after-hours.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
