{"id":164269,"date":"2026-02-04T23:13:08","date_gmt":"2026-02-04T23:13:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/164269\/"},"modified":"2026-02-04T23:13:08","modified_gmt":"2026-02-04T23:13:08","slug":"qualcomm-reports-record-revenue-but-warns-over-memory-chip-shortage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/164269\/","title":{"rendered":"Qualcomm reports record revenue, but warns over memory chip shortage"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2020\/07\/Qualcomm-Headquarters.jpg?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/02\/Qualcomm-Headquarters.jpg\" alt=\"Qualcomm headquarters\" class=\"wp-image-117417\" style=\"width:800px;height:auto\"  \/><\/a>Qualcomm headquarters in Sorrento Valley. Courtesy of the company<\/p>\n<p><a href=\"http:\/\/qualcomm.com\" rel=\"nofollow noopener\" target=\"_blank\">Qualcomm<\/a> ended its first fiscal quarter with record revenue, but warned Wednesday that a growing shortage of memory chips would impact future sales to its smartphone customers.<\/p>\n<p>The San Diego-based wireless pioneer earned $3.00 billion, or $2.78 per share, in its first fiscal quarter ended Dec. 28, down 6% compared to $3.18 billion, or $2.83 a year ago.<\/p>\n<p>Revenue grew 5% to a record $12.3 billion, compared to $11.7 billion in the year-ago quarter.<\/p>\n<p>The results beat the expectations of Wall Street analysts, but President and CEO Cristiano Amon warned that \u201cour near-term handsets outlook is impacted by industry-wide memory supply constraints.\u201d<\/p>\n<p>Memory chips used in everything from smartphones to laptops are in short supply because of demand for them in artificial intelligence data centers.<\/p>\n<p>The company\u2019s stock closed up over 1% at $148.89 per share, but then fell over 9% in after-hours trading following the earnings announcement.<\/p>\n<p>Cristiano said Qualcomm is on track for its long-term revenue goals, even though near-term growth would be affected by the memory shortage.<\/p>\n<p>\u201cWe are pleased to deliver strong quarterly results, with record total company revenues,\u201d he said. \u201cOur momentum across personal, industrial and physical AI is growing, as evidenced by recent product announcements at CES and customer traction.\u201d<\/p>\n<p>\t\t\t<\/p>\n<p>READ NEXT\n\t<\/p>\n","protected":false},"excerpt":{"rendered":"Qualcomm headquarters in Sorrento Valley. Courtesy of the company Qualcomm ended its first fiscal quarter with record revenue,&hellip;\n","protected":false},"author":2,"featured_media":164270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[3950,19630,74,76,75,7037],"class_list":["post-164269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-earnings","tag-qualcomm","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news","tag-stock"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/164269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=164269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/164269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/164270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=164269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=164269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=164269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}