By Kelly Cloonan

Qualcomm is expected to report fiscal second-quarter results after the market closes Wednesday. Here is what you need to know.

PROFIT: The software chip maker is expected to post a profit of $3.15 billion, or $2.54 a share, according to analysts polled by FactSet. In the same quarter last year, Qualcomm reported a profit of $2.76 billion, or $2.06 a share.

EARNINGS: Qualcomm is projected to report adjusted earnings of $2.82, compared with $2.44 in the year-ago period.

REVENUE: Analysts estimated revenue of $10.64 billion, up from $9.39 billion a year earlier.

The stock has fallen 15% in the past three months and was recently trading at $147.79.

WHAT TO WATCH

-Any commentary on tariffs will be closely watched by investors given Qualcomm's high exposure to China. Look for any details regarding how tariffs could affect smartphone demand as well as the company's operations, including steps it is taking to adjust its supply chain or otherwise mitigate impacts.

-Analysts will be particularly watching for any signals on smartphone demand, which appears strong in the first half of the year, particularly in China, Citi analysts said in a research note. There also was likely some pull-forward for iPhone and PC demand ahead of tariffs, which will likely continue into the next quarter but won't last forever, Melius Research analysts said.

-In its fiscal first quarter, Qualcomm logged a record of 20% sales growth in its QCT semiconductor business, which develops integrated circuits and system software for mobile devices and automotive connectivity systems. Investors will be watching to see if that momentum continues in the second quarter amid a more uncertain macro and trade environment.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 29, 2025 14:06 ET (18:06 GMT)

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