Qualcomm plans global layoffs starting November amid demand shift

Qualcomm begins global job cuts in November following performance reviews. Non-handset revenue growth target raised to $40 billion for FY29. Next quarter earnings forecast at $2.16 per share, down from $3 prior year. Data center segment projected to generate $15 billion revenue by 2029.

Qualcomm unveils dual flagship chips to drive AI smartphone adoption

Qualcomm launched Snapdragon 8 Elite Gen 6 and Extreme variants at its 2026 summit. Dual-chip strategy allows manufacturers to differentiate premium device portfolios. New Adreno Matrix cores integrate AI into graphics pipeline to reduce latency. Offset package-on-package design improves cooling for sustained performance.

Qualcomm wins jury verdict against Arm over license violation

Qualcomm Inc won a jury verdict against Arm. The case involved allegations of violating an architectural license agreement. The ruling confirms Qualcomm's stance on the license terms.

Qualcomm shares rise 1% as firm expands AI broadband strategy

Qualcomm shares rose 1.07% to $176.30, outperforming the Nasdaq's 0.75% decline. Company unveiled new AI-powered broadband technologies and Wi-Fi 8 gateways for gFiber. Analysts project Q4 FY26 revenue at $10.12 billion, down from $11.27 billion prior year. Stock trades at P/E of 19.9 with a Hold consensus rating and $196.95 average price target.

Qualcomm signs Huawei patent deal to boost AI data center push

Qualcomm signed a multiyear patent agreement with Huawei covering 5G, AI, and networking technologies. Huawei expects total patent licensing value to exceed $6.9 billion post-deal completion. Company targets $15 billion in data center revenue and $40 billion in non-handset revenue by fiscal 2029. Partnerships with Meta and AWS secure custom silicon deals for future server infrastructure. Analysts remain divided, with BofA maintaining Underperform rating despite raised price target.

Qualcomm files prospectus for offering of 25M common shares

Qualcomm Inc filed a prospectus for 25 million common shares. The filing was submitted to the U.S. Securities and Exchange Commission. Accession number 000110465926113315 identifies the specific document.