Qualcomm Named BMW Group's Lead Compute Silicon Provider for Digital Cockpit and Automated Driving Through the Next Decade

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Qualcomm earnings preview: Bernstein stays neutral as smartphone headwinds re-emerge

July 29, 2026 12:00 PM EDT

Bernstein reiterated a Market-Perform rating and $235 price target on Qualcomm (NASDAQ: QCOM) ahead of the chipmaker's fiscal third-quarter results after the close today, warning that weakening smartphone dynamics could pressure estimates.

Analyst Stacy Rasgon models June-quarter revenue of $9.6 billion and earnings of $2.20 per share, broadly in line with consensus and guidance. Wall... More