Qualcomm was within its second quarter 2020 revenue guidance despite a significant downturn in handset demand related to the COVID-19 pandemic and associated business closures and quarantine regulations. While the company sees this softening continuing into the next quarter, Qualcomm is sticking to its 2020 5G smartphone forecasts.
This week Qualcomm reported Q2 revenue of $5.2 billion against earlier guidance of $4.9 billion to $5.7 billion; Q3 revenue guidance is between $4.4 billion and $$5.2 billion. Click here for more detailed quarterly financial information.
