The Finchat-compiled consensus estimates call for adjusted earnings per share of $0.93and revenue of $7.12 billion for the first quarter of the fiscal year 2025.
Chief Executive Hassane El-Khoury stated that the company continues to see strong design win momentum and has secured key wins with major global customers across all end-markets.
CFO Akash Palkhiwala acknowledged the uncertainty around the impact of the global trade landscape on demand across the company’s businesses, according to Koyfin’s transcript.
Qualcomm Inc (QCOM) to report Q2 earnings. Stock down 11.44% over past year, but outperforming chip sector. Wall Street focused on Trump tariffs and potential loss of Apple's modem chip business.
Prices broke down on Monday, reversed on Tuesday, and ultimately ended the week strong. In addition, new NYSE 52-week lows have remained at relatively harmless levels for about two weeks.
In recent weeks, experts have been concerned that Trump’s new tariffs on rivals and trade partners will lead to an economic slowdown in the coming months.
Last week, thematic and leveraged ETFs performed well, such as DJTU, LLYX, NFXL, DECO, and MSTY, despite market concerns. Tech sector was hit by geopolitical tension and hawkish central bank comments. Earnings were mixed, with UNH cutting its full-year forecast.
TSMC CEO C.C. Wei stated that the company remains aware of potential risks arising from recent tariff announcements, but noted that customer behavior has not changed, prompting the chipmaker to maintain its current forecasts.
U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip export restrictions to China.
Piper Sandler cut its price target on Nvidia to $150 from $175, citing the surprise nature of the charge and the reduced outlook for data center products shipped to China.
