Qualcomm will report its Q2 results after today's closing bell, followed by a conference call at 16:45 ET.
The Capital IQ consensus expects the chipmaker to report an 11.3% yr/yr contraction in EPS to $0.71 on a 7.7% yr/yr decrease in revenue to $4.83 bln.
Two weeks ago, Qualcomm and Apple agreed to dismiss all litigation against one another and signed a six-year license agreement. The agreement, which included a payment from Apple to Qualcomm, lifted Qualcomm to levels not seen in more than 19 years. Qualcomm expects the settlement to increase EPS by $2.00.
The Q2 report will be watched closely for commentary regarding the ongoing roll-out of 5G technology.
Qualcomm trades at 15.7x forward earnings expectations, which represents a discount to:
Cirrus Logic (CRUS 47.74, +0.16, +0.3%)
Marvell Technology (MRVL 24.95, -0.07, -0.3%)
Maxim Integrated (MXIM 60.36, +0.36, +0.6%)
FREE STUFF & SHAMELESS PLUGS:
This week’s in depth earnings packet can be purchased here:
Check out the latest episode from my podcast below.
FREE Trading Packet
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
If you'd like to follow my trades in real time click the "Join Now" button at the bottom of the page. For those that will and have asked, use the code 1ST on checkout for a discount with no commitment beyond one month.