Event Brief
Qualcomm sales and profits shrink as costs rise
Filed: Jul 29, 2026 at 5:00 PM ET
Summary: Qualcomm reported net income down 25% as higher memory chip prices pressured its device business.
WHO: Qualcomm
WHAT: Qualcomm reported shrinking sales and profits, with net income falling 25% due to higher memory chip prices.
WHEN: Jul 29, 2026 at 4:37 PM ET
WHERE: Location not specified
WHY: Higher memory chip prices increased costs and hurt Qualcomm's device business.
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