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Chris Katje

Qualcomm Posts Earnings: Q3 Revenue Of $8.44 Billion Misses Analysts’ Estimates, Down 23% YoY

Qualcomm Josep Lago Cristiano Amon Semiconductor

A Qualcomm logo. Qualcomm has reported third-quarter revenue of $8.44 billion, down 23% YoY. (JOSEP LAGO/AFP via Getty Images)

Semiconductor and technology company Qualcomm Inc (NASDAQ: QCOM) reported third-quarter financial results after the market close Wednesday. Here are the key highlights.

Qualcomm reported third-quarter revenue of $8.44 billion, which was down 23% year-over-year. The revenue total missed a Street estimate of $8.51 billion.

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