Qualcomm stock dropped 10% after weak guidance despite beating Q1 earnings and revenue estimates

Qualcomm stock dropped 10% in after-hours trading on Wednesday, even though the company beat both profit and revenue expectations. Qualcomm’s outlook for the next quarter sucked though, as the company blamed memory chip shortages for the soft guidance, and it’s clear that markets weren’t buying any excuses. For the fiscal first quarter of 2026, Qualcomm […]