Qualcomm's Fiscal Q3 2025 Revenue Forecast Falls Short

Despite a robust 17% year-over-year revenue increase to $11 billion and a 21% rise in net income for the latest quarter, Qualcomm Inc. shares experienced a significant drop. The chipmaker's projected sales of $9.9 billion to $10.7 billion for the third quarter of fiscal 2025 did not meet investor expectations, leading to an 8.79% plunge in share price to $135.41 by 11:58 am ET.

Market Reaction to Qualcomm's Outlook

The downturn followed a 4.43% slide in after-hours trading on Wednesday, as the market digested Qualcomm's softer-than-expected revenue guidance. CEO Cristiano Amon highlighted the company's strategic focus on diversification, but this did little to alleviate concerns over the disappointing forecast.

Looking Ahead

While Qualcomm's quarterly results were strong, the overshadowing revenue guidance has raised questions about the company's future performance and its ability to meet investor expectations in a highly competitive market.