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Qualcomm's Fiscal Q1 Beat
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Qualcomm's fiscal Q1 results surpass expectations, driven by a 16% increase in handset chip sales, totaling $6.69B. The semiconductor business, including handsets, automotive, and IoT, rose by 7% to $8.42B. For Q2, the company forecasts adjusted EPS in a range of $2.20 to $2.40 on revenue in a range of $8.9B to $9.7B, diverging from Wall Street estimates.
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How does Qualcomm's performance reflect the broader trend of the semiconductor industry?
How might Qualcomm's success in handset chip sales impact the smartphone industry?
What factors could influence the company's performance in Q2 despite the divergence from Wall Street estimates?
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