Qualcomm

Qualcomm Inc.(NASDAQ:QCOM) reported  fiscal Q1 non-GAAP earnings of $2.37 per diluted share, down from $3.23 a year earlier. Analysts polled by Capital IQ expected $2.35. Revenue for the quarter ended Dec. 25 was $9.46 billion, down from $10.71 billion a year earlier. Analysts polled by Capital IQ expected $9.57 billion. The company said it expects fiscal Q2 non-GAAP diluted EPS of $2.05 to $2.25. Analysts polled by Capital IQ expect $2.24. The company expects revenue for the quarter of $8.7 billion to $9.5 billion. Analysts polled by Capital IQ expect $9.41 billion.

Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.2.3 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $130 – $140 Support: $110 resistance: $122 Stop Loss Price: $112 price target: $122 Buy the position again: stop fall and rise to $110 Medium-term trend: bullish High sell low buy range: $125 – $140 Support: $125 resistance: $140 Stop Loss price: $125 price target: $140 Buy the position again: stop fall and rise to $125 Long-term trend: bullish High sell low buy of range: none Support : $101 resistance: $140 Stop Loss price: none price target

Qualcomm (NASDAQ:QCOM): Q1 revenue for fiscal 2023 fell 12% year-over-year to $9.5 billion, and net income decreased 34% year-over-year to $2.235 billion.

CEO OF Qualcomm (NASDAQ:QCOM): We now expect channel inventory levels to continue to rise, at least through the first half of the year. The company is cutting expenses further and streamlining its business.

Qualcomm’s (NASDAQ:QCOM) adjusted revenue for the first quarter of 2023 was $9.46 billion, compared to analysts’ expectations of $9.61 billion; first-quarter adjusted earnings per share were $2.37 versus analysts’ expectations of $2.35; second-quarter revenue was expected to be $8.7 billion to $9.5 billion, compared with analysts’ expectations of $9.58 billion; and second-quarter adjusted earnings per share were expected to be $2.05 to $2.25, versus analysts’ expectations of $2.29.

Qualcomm Inc.(NASDAQ:QCOM) Stock price trend forecast and trading range: The mid-term low of $101.18 will not be a final bottom, and the probability of moving below is very high, focusing on the next earnings report. Updated to: 2023.1.10 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $112 – $122 Support: $110 resistance: $122 Stop Loss Price: $112 price target: $122 Buy the position again: stop fall and rise to $110 Medium-term trend: neutral High sell low buy range: $110 – $122 Support: $106 resistance: $122 Stop Loss price: $110 price target: $122 Buy the position again: stop fall and rise to $106 Long-term trend: bearish High sell low buy of range: $100 – $128 Support : $100 resistance: $128 Stop Loss price: $105

On January 6, Qualcomm(NASDAQ:QCOM)  announced the launch of Snapdragon Satellite, the world’s first satellite-based solution that provides two-way messaging for flagship smartphones, during CES 2023. Qualcomm said that Snapdragon Satellite will be the first to be applied to terminals equipped with the second-generation Snapdragon 8 flagship mobile platform. The emergency messaging feature supported by Snapdragon Satellite is expected to be available on next-generation smartphones, with rollouts starting in some regions in the second half of 2023.

Qualcomm Inc.(NASDAQ:QCOM) stock price trend forecast and trading range: 2023.1.3 From the stock price chart analysis, the semiconductor index is weaker than the NASDAQ index, and the stock price continues to fall after opening high today, although it has not fallen below the support  for the time being, but it is a matter of time, the probability of the stock price falling below the support is high. Short-term trading strategies sell to reduce risk and wait for increased certainty in the stock price before trading. Medium-term and long-term trading stock prices have a higher risk of falling and are not recommended to be held at present. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was 11.395 billion US dollars, the market estimate was 11.37 billion US dollars, YoY + 22.05%, net profit was 2.873 billion US dollars, YoY + 2.68%, EPS 2.53 US