Qualcomm stock price slides after-hours on weak outlook as memory crunch squeezes phones
Qualcomm shares fell 8.4% to $136.30 in after-hours trading Thursday after the company warned of ongoing memory supply shortages affecting handset demand. Executives projected fiscal Q2 revenue of $10.2–$11.0 billion and non-GAAP EPS of $2.45–$2.65, below some analyst estimates. CEO Cristiano Amon said the shortage could persist into 2027.