Qualcomm is gearing up for a price hike. But a Wedbush analyst says the plan could backfire with MediaTek lurking.
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Diversification is arriving as legacy revenue weakens faster
While the world sees a GPU company, management is building a major business in a market it has never addressed before. The company now has visibility to nearly $20 billion in total CPU revenue this year. This shift reframes the growth story from components to full systems.
Higher production costs, weakening Apple modem demand and lower-margin data-center programs pressured Qualcomm's outlook.

Qualcomm (QCOM) CFO and COO Akash Palkhiwala sits down with Josh Lipton and Dan Howley on Market Domination to discuss the company's performance and outlook in various segments, including AI data centers and automotives.
Qualcomm Stock Hit by Weak Guidance, Apple Modem Business Slows
Arm's fiscal Q1 revenues rise 22.4% as licensing, royalties and AI cloud demand strengthen, but execution risks keep the stock a Hold.
The new supply arrangement is designed to form the computing foundation for future BMW models, Qualcomm said.
Qualcomm's (QCOM) fiscal Q3 results were mostly in line, but margin pressures and custom silicon unc
Arm sits 34% below its 52-week high after a brutal month, yet hyperscalers are quietly handing it control of their AI infrastructure. The question is whether this pullback is a warning or an opening.
Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) shares fell about 3% on Thursday after the chipmaker reported third quarter earnings that narrowly missed expectations and issued a weaker-than-expected profit outlook for the upcoming quarter. For the fiscal third quarter ended June 28, Qualcomm reported...
QCOM's Q3 revenues beat estimates as auto and IoT growth offset handset weakness, but higher costs weighed on earnings and squeezed margins.
Qualcomm CFO Akash Palkhiwala said the company expects Apple-related revenue to decline by roughly 50% sequentially from the fourth quarter to the first quarter.

Chip stocks are rebounding on Thursday, with the exception of Qualcomm (QCOM), which provided profit guidance that disappointed Wall Street. BD8 Capital Partners CEO and CIO Barbara Doran and Yahoo Finance Technology Editor Dan Howley chat with Morning Brief host Julie Hyman about Qualcomm and the larger chip sector.
Qualcomm expands AI, automotive and data center plans while targeting $40 billion in non-handset revenues by fiscal 2029.
Apple's In-House Modem Push Deals Fresh Blow to Qualcomm
The chipmaker plans to raise prices starting September 1 to offset industry-wide cost increases, while its outlook for the current quarter came in below analyst expectations
Futures pointed higher Thursday as investors also weighed the Fed's decision to hold rates and rising Treasury yields
Qualcomm shares fell about 5% in premarket trading on Thursday after the chipmaker's warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth. A surge in AI infrastructure spending has tightened semiconductor supply chains, driving up costs for memory, wafers, packaging and testing. Qualcomm plans to pass on those increases to customers through double-digit price hikes.
Meta Platforms earnings disappoint, Qualcomm’s pivot away from smartphones, beer makes a comeback, and more news to start your day.
Qualcomm Inc. (NASDAQ:QCOM) reported third-quarter results that exceeded revenue expectations but fell slightly short on earnings, while weaker-than-expected profit guidance for the current quarter weighed on investor sentiment and pushed the stock lower in premarket trading.
Microsoft topped earnings estimates while the Fed held rates steady, as mixed results from Meta and Qualcomm and upbeat reports from Starbucks and Chipotle shaped trading.
Qualcomm Inc (QCOM) navigates memory-driven handset weakness with record automotive growth and a new data center revenue stream, while raising its automotive outlook to $7 billion.