Qualcomm reports Q2 EPS $2.65, consensus $2.56

Reports Q2 revenue $10.60B, consensus $10.58B. The company said, “We are pleased to deliver results in line with our guidance, reflecting solid execution as we navigate a challenging memory environment. We are in a period of profound industry transformation – the rise of AI agents is reshaping our roadmap across every platform we develop. We are equally excited by our entry into the data center, where a leading hyperscaler custom silicon engagement is on track for initial shipments later this calendar year. We look forward to providing an update on our growth initiatives, including opportunities in Data Center and Physical AI, at our Investor Day on June 24.”