QCOM
Qualcomm Inc
Position levels
Currenttoday
USD 147.61
Buy <=wait / entry
USD 135.00
Trim >=take some off
USD 175.00
Thesis breakA confirmed second consecutive quarter of below-consensus revenue together with ...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 27% | 100 / 100 | 27.0 |
| Base case | 48% | 62 / 100 | 29.8 |
| Bear case | 25% | 10 / 100 | 2.5 |
| Weighted conviction | 59 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- Light guidance for current quarter with adjusted EPS expected $2.05-$2.25 and revenue $9.7B-$10.5B, below analyst estimates of $2.36 and $10.02B
- Announcement of price increases across chips effective September 1 to offset rising costs and expand margins
- Q3 results with revenue $9.95B (above $9.67B estimate) and adjusted EPS $2.21 (near $2.23 estimate), but shares declined in extended trading