Qualcomm Projects Strong Revenue Despite Trade Curbs and Slow Phone Market Recovery

The chipmaker sees robust demand for AI-enhanced smartphones and automotive solutions, though export restrictions to China present challenges.

Qualcomm forecasts Q4 revenue between $9.5 billion and $10.3 billion, surpassing Wall Street estimates.
AI features in smartphones are driving premium-tier sales, boosting Qualcomm’s chip demand.
Automotive chip sales surged 87% year-over-year to $811 million in Q3.
Export curbs on high-end chip technology to Huawei may impact future revenues.
Qualcomm plans to unveil its next-generation Snapdragon 8 mobile platform in October.