Qualcomm Earnings Beat Estimates, Yet Stock Falls 9% as Handset Chip Sales Drop 26%
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Summary
Qualcomm earnings beat Wall Street's revenue estimate for fiscal 2026 fourth quarter, yet shares fell about 9% after the company forecast lower chip-segment pretax margin of 20% to 22% for the December quarter. Handset chip revenue dropped 26%, and the new data center business weighs on margins. Reuters reported the outlook excludes Apple.
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