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OverviewAPI
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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