Event Brief
Qualcomm sales and profits shrink as chip costs rise
Filed: Jul 29, 2026 at 11:04 PM ET
Summary: Qualcomm reported net income falling 25% as higher memory chip prices hurt its device business.
WHO: Qualcomm
WHAT: Qualcomm reported shrinking sales and profits, with net income down 25% due to higher memory chip prices affecting its device business.
WHEN: Jul 29, 2026 at 6:20 PM ET
WHERE: Location not specified
WHY: To higher memory chip prices affecting its device business.
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