earningsQualcommThu, Jul 30, 2026, 12:45 AMNegative

Qualcomm Reports Declining Profits Amid Rising Chip Costs

Qualcomm has reported a 25% decline in net income, primarily due to rising memory chip prices that have adversely affected both its profitability and the smartphone market. The company warns of potential price increases and a soft outlook for the current quarter, reflecting broader challenges in the semiconductor sector.

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