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Very likely that guidance for coming quarters will be lowered because of (1) trade barriers, leading to higher prices for the very items that add to Qualcomm's bottom line, and (2) possible adverse impacts from unfavorable rulings on legal issues being appealed.
Qualcomm generally gives conservative guidance. The above issues may be sufficient to cause the stock to drop after earnings are released, even if overall prospects are good.
The New QUALCOMM - Coming Into Buy Range | Stock Discussion ForumsShare