Qualcomm strikes lead chip deal with BMW Group for next decade
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Qualcomm earnings preview: Bernstein stays neutral as smartphone headwinds re-emerge
July 29, 2026 12:00 PM EDTBernstein reiterated a Market-Perform rating and $235 price target on Qualcomm (NASDAQ: QCOM) ahead of the chipmaker's fiscal third-quarter results after the close today, warning that weakening smartphone dynamics could pressure estimates.
Analyst Stacy Rasgon models June-quarter revenue of $9.6 billion and earnings of $2.20 per share, broadly in line with consensus and guidance. Wall... More

