Qualcomm sees revenue, profits above estimates as supply chain improves

For the fiscal second quarter ended March 28, Qualcomm had adjusted earnings of $1.90 per share on sales of $7.93 billion, compared with analysts' estimates of $1.67 per share on $7.62 billion, Refinitiv data showed. Wall Street estimates had been only slightly above the midpoints of Qualcomm's own guidance of $1.65 per share on $7.6 billion.

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For the fiscal second quarter ended March 28, Qualcomm had adjusted earnings of $1.90 per share on sales of $7.93 billion, compared with analysts' estimates of $1.67 per share on $7.62 billion, Refinitiv data showed. Wall Street estimates had been only slightly above the midpoints of Qualcomm's own guidance of $1.65 per share on $7.6 billion.