Why Qualcomm Shares Are Falling Today: Next-Quarter Guidance Highlights Headwinds
Why Qualcomm Shares Are Falling Today: Next-Quarter Guidance Highlights Headwinds
Qualcomm Inc. (NASDAQ:QCOM) shares are trading lower Thursday, following the release of its fiscal third-quarter earnings.
高通公司（NASDAQ: QCOM）的股票週四下跌，其財務第三季度收益公佈後出現了下滑。
Earnings Recap: Qualcomm reported third-quarter results with revenues of $9.4 billion, surpassing the consensus estimate of $9.22 billion. The company's earnings per share (EPS) also beat expectations, coming in at $2.33 versus the anticipated $2.25.
收益回顧：高通公司公佈了第三季度業績，收入爲94億美元，超過了市場預期的92.2億美元，每股收益（EPS）爲2.33美元，也超出了預期的2.25美元。
This performance was driven by strong growth in the Auto and IoT segments. However, the guidance for the next quarter highlighted potential headwinds, particularly the earlier-than-expected revoking of the company's license to sell to Huawei.
汽車和物聯網領域強勁增長推動了高通公司的業績表現。然而，下一季度的指引突出了潛在的阻力，尤其是公司銷售許可證提前被吊銷給華爲的情況。
Analysts' Updates:
分析師更新：
- Piper Sandler: Analyst Harsh Kumar reiterated an Overweight rating, raising the price target from $185 to $205. Kumar noted the strength from Android and an upcoming ramp with a modem-only customer, despite flat guidance for the Auto segment sequentially.
- JPMorgan: Analyst Samik Chatterjee maintained an Overweight rating but lowered the price target from $235 to $230. Chatterjee highlighted the premium smartphone market and growth in the Autos and IoT businesses as key drivers.
- Cantor Fitzgerald: Analyst C.J. Muse reaffirmed a Neutral rating with a $215 price target, expressing disappointment with the initial guidance for the December quarter and highlighting the impact of Huawei's export restrictions.
- WestPark Capital: Analyst Kevin Garrigan reiterated a Hold rating, pointing out the strength in the premium-tier smartphone market and the Auto and IoT segments but noting the persistent Huawei headwind.
- Oppenheimer: Analyst Rick Schafer maintained a Perform rating, mentioning mixed results and uncertainties regarding Apple's future relationship with Qualcomm and the potential impact of AI.
- 派傑投資：分析師Harsh Kumar重申了股票超配的評級，並將價格目標從185美元上調至205美元。儘管汽車領域的業績指南相對平穩，但Kumar指出了Android的強勁表現以及即將建立的獨立調制解調器客戶端的快速增長。
- 摩根大通：分析師Samik Chatterjee保持了超配評級，但將價格目標從235美元下調至230美元。Chatterjee強調高端智能手機市場和汽車、物聯網業務的增長是重要的拉動力量。
- Cantor Fitzgerald：分析師C.J. Muse重申了中立評級，價格目標爲215美元，對12月季度的初步指引感到失望，並強調了華爲出口限制的影響。
- WestPark Capital：分析師Kevin Garrigan重申了持有評級，指出高端智能手機市場以及汽車和物聯網板塊的業績表現強勁，但需要注意華爲問題的持續影響。
- Oppenheimer：分析師Rick Schafer保持了績效評級，提到了蘋果公司未來與高通的關係的不確定性以及人工智能的潛在影響和結果的混雜。
Price Action: Qualcomm's shares were down by 9.52% to $163.72, according to Benzinga Pro.
股價表現：根據Benzinga Pro，高通公司的股票下跌9.52%，至163.72美元。
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Image Credits – Shutterstock.
圖片來源- shutterstock。