Qualcomm predicts that profits for the fourth fiscal quarter will be lower than Wall Street expectations, and said that due to supply restrictions and rising costs, revenue from Apple-related businesses will fall faster than expected. Qualcomm shares fell more than 3% in after-hours trading. Qualcomm CEO Anmon said in an interview with the media that not only is the cost of memory chips rising, but the cost of the entire supply chain is rising. He said Qualcomm plans to raise prices from September 1 to push profit margins back to historic levels. “We're just passing on the huge cost increases we faced,” Anmon said, pointing out that Qualcomm must negotiate with every customer. “The temporary disconnect between cost and pricing led to a slight temporary decline in gross margin.” Qualcomm also said that as supply is limited, its share of components in the next iPhone will be far lower than previously estimated at 20%, so revenue from the Apple business will decline faster starting in the fourth fiscal quarter. For fiscal year 2027, Qualcomm expects the majority of its chip sales revenue to come from fields other than smartphones. “To some extent, we replaced Apple's business with the data center business,” Anmon said. Qualcomm expects adjusted earnings per share for the fourth fiscal quarter to be between $2.05 and $2.25, below analysts' average expectations of $2.36. Qualcomm expects revenue for the fourth fiscal quarter to be between $9.7 billion and $10.5 billion, and analysts' expectations are $10.02 billion. The revenue of its chip business unit is estimated to be between $8.4 billion and $9 billion, and analysts expect $8.49 billion.

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