According to Reuters, CEO Cristiano Amon informed employees about the move through an internal memo on Monday, with notifications set to begin in November. The company employed nearly 52,000 people globally as of September 2025.
Qualcomm expects non-handset revenue growth to accelerate from 24% in 2026 to more than 60% in 2027, amid the continued smartphone market weakness. Qualcomm expects an acceleration in the step-down of Apple Inc.
The company forecasts the data center as its largest growth opportunity with expected revenue of $5 billion in 2027 and $15 billion in 2029. Earnings And Analyst OutlookQualcomm is scheduled to report its next quarterly results on Nov.
16 per share, compared with $3 a year earlier. 32.
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00) (Sept.
