Qualcomm to report Q4 earnings amid slowing smartphone, PC sales

Revenue fell in the fourth quarter as a slowdown in handset sales offset gains from the automotive chip business, according to the Wall Street Journal. The report links the revenue dip to softer demand for smartphones, while noting that growth in Qualcomm’s automotive segment was not enough to sustain overall earnings. It also points to a broader weakening in personal‑computer sales, which together with the handset slowdown contributed to the decline.

Reuters noted that smartphone chip sales missed analyst estimates, prompting a slide in Qualcomm’s share price. Bloomberg added that rising supply‑chain costs forced the company to issue a tepid profit outlook for the quarter, highlighting concerns over component pricing. CNBC reported a 6% drop in the stock after the forecast, attributing the decline to a memory‑chip shortage that is further suppressing smartphone demand.

The combined coverage underscores investor unease about the firm’s short‑term earnings trajectory. Yahoo Finance Singapore says the firm will report its fourth‑quarter earnings amid continued softness in both smartphone and PC markets, leaving investors to gauge whether automotive growth can offset the broader slowdown. Analysts are expected to focus on the segment‑level results to assess whether the automotive momentum can sustain profitability in the face of weak consumer‑electronics demand.