Qualcomm (QCOM) sees China handset revenue bottoming in Q3

Qualcomm's indication that it expects its China handset revenue to bottom in Q3 suggests a potential stabilization in a challenging market segment.

Newsquawk StaffPublished 29 Apr 2026, 20:55 UTCOn the live feed at 20:35 UTC — 6 more headlines followed before this page went public

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20:38

US Treasury Secretary Bessent says sprinting for the finish line with Iran, according to Fox Business; willing to do secondary sanctions on Iran oil buyers

20:37

Alphabet (GOOGL) says Google Cloud "accelerated again" with revenue up 63%, topping USD 20bln for the first time, and backlog "nearly double quarter on quarter" to more than USD 460bln

20:35

Qualcomm (QCOM) sees China handset revenue bottoming in Q3

20:32

Chipotle Mexican Grill Inc. (CMG) Q1 2026 (USD): Adj. EPS 0.24 (exp. 0.24), Revenue 3.1bln (exp. 3.07bln), Comp restaurant sales 0.5%

20:31

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Context

This could be a positive signal, indicating that earlier weakness may be lessening, which might impact investor sentiment positively in the semiconductor sector and among peers. Traders should consider how this outlook might influence Qualcomm's guidance and overall stock performance going forward.

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