{"id":3218,"date":"2023-05-02T10:44:25","date_gmt":"2023-05-02T14:44:25","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/a-tough-smartphone-market-will-weigh-on-qualcomms-q2-results\/"},"modified":"2023-05-02T10:44:26","modified_gmt":"2023-05-02T14:44:26","slug":"a-tough-smartphone-market-will-weigh-on-qualcomms-q2-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3218","title":{"rendered":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results"},"content":{"rendered":"
\n

Mobile chipset major Qualcomm (NASDAQ: QCOM)<\/strong> is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the company\u2019s revenue contract meaningfully year-over-year, due to a slowdown in smartphone and tablet sales. We expect revenue for the quarter to come in at about $9.15 billion, marking a decline of about 18% versus last year, although our estimates are marginally ahead of the consensus estimates of $9.1 billion. We project that earnings will come in at about $2.17 per share, slightly ahead of consensus estimates. See our analysis of Qualcomm Earnings Preview<\/strong> for a closer look at what to expect when the company reports earnings.<\/p>\n

The smartphone market has been cooling off of late as the tailwinds seen through the Covid-19 pandemic ease and also as economic uncertainty weighs on consumer spending. This is impacting Qualcomm\u2019s
\n QCOM
\n <\/fbs-ticker> CDMA Technologies segment, which supplies application processors, modems, and software for technologies for mobile devices, networking equipment, and consumer electronics. Moreover, Qualcomm\u2019s customers have also been holding elevated levels of chip inventory and this could also lead to softer demand for Qualcomm\u2019s chipsets. Over Q1 FY\u201923, chip sales to the handset space declined by about 18% to $5.8 billion. Qualcomm is also likely to see its technology licensing business cool off, with the company guiding that sales could contract by about 14% at the mid-point for Q2. That said, there could be a couple of bright spots for the company. For example, the automotive and Internet of Things business should continue to gain some traction, while sales of RF front-end components – which include the various components that come between the antenna and modem of a wireless device – are also likely to see gains.<\/p>\n

We remain positive on Qualcomm stock despite the current headwinds, with a $147 price estimate which is about 25% ahead of the current market price. See our analysis of Qualcomm Valuation<\/strong>: Expensive Or Cheap?<\/strong> for more details on what\u2019s driving our price estimate for Qualcomm. Qualcomm trades at just about 12.5x consensus 2023 earnings. While this is partly due to the fact that revenues and earnings are projected to decline this year, the markets project that sales will recover in FY\u201924. Moreover, while Apple is expected to start using its own modem chipsets on its iPhones, transitioning away from Qualcomm\u2019s chips in the next year or so, Qualcomm should be able to compensate for this loss as it expands in other areas such as low-power applications and automotive semiconductors.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Our high-quality portfolio<\/strong> and multi-strategy portfolio<\/strong> have beaten the market consistently since the end of 2016.<\/p>\n

<\/fbs-ad><\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the company\u2019s revenue contract meaningfully year-over-year, due to a slowdown in smartphone and tablet sales. We expect revenue for the quarter to come in at about $9.15 billion, marking […]<\/p>\n","protected":false},"author":1,"featured_media":3219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-3218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nA Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=3218\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=3218\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T14:44:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-02T14:44:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683038666_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3218#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3218\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results\",\"datePublished\":\"2023-05-02T14:44:25+00:00\",\"dateModified\":\"2023-05-02T14:44:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3218\"},\"wordCount\":467,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=3218#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3218\",\"url\":\"https:\/\/ifintechworld.com\/?p=3218\",\"name\":\"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-02T14:44:25+00:00\",\"dateModified\":\"2023-05-02T14:44:26+00:00\",\"description\":\"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=3218#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=3218\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=3218#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld","description":"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=3218","og_locale":"en_US","og_type":"article","og_title":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld","og_description":"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the","og_url":"https:\/\/ifintechworld.com\/?p=3218","og_site_name":"iFintechWorld","article_published_time":"2023-05-02T14:44:25+00:00","article_modified_time":"2023-05-02T14:44:26+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683038666_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=3218#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=3218"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results","datePublished":"2023-05-02T14:44:25+00:00","dateModified":"2023-05-02T14:44:26+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=3218"},"wordCount":467,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=3218#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=3218","url":"https:\/\/ifintechworld.com\/?p=3218","name":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-02T14:44:25+00:00","dateModified":"2023-05-02T14:44:26+00:00","description":"Mobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY\u201923 results on May 3, reporting on a quarter that is likely to see the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=3218#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=3218"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=3218#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"A Tough Smartphone Market Will Weigh On Qualcomm\u2019s Q2 Results"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3218"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3218\/revisions"}],"predecessor-version":[{"id":3220,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/3218\/revisions\/3220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3219"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}