Qualcomm stock crashes 10% despite earnings beat due to weak guidance on memory chips

Qualcomm stock dropped 10% in after-hours trading on Wednesday, even though the company beat both profit and revenue expectations. Qualcomm’s outlook for the next quarter sucked though, as the company blamed memory chip shortages for the soft guidance, and it’s clear that markets weren’t buying any excuses. For the fiscal first quarter of 2026, Qualcomm […] source: https://www.cryptopolitan.com/qualcomm-stock-crashes-10-despite-earnings-beat-due-to-weak-guidance-on-memory-chips/