Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance

Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan June 1, 2026. Ann Wang | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations, but it provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch for computer parts, especially memory. Qualcomm is taking concrete measures to expand its margins going forward, CEO Cristiano Amon said in an interview, including raising prices across the board starting on September 1 for the company's chips, most of which currently go to smartphone makers, and looking for other ways to streamline the company's supply chain. "Cost went up, prices are going to go up," Amon said. Here's how the chipmaker did versus LSEG consensus estimates: EPS: $2.21, adjusted, versus $2.23 estimatedRevenue: $9.95 billion versus $9.67 billion estimatedIn the current quarter, Qualcomm said it expects adjusted earnings per share of between $2.05 to $2.25 on revenue between $9.7 billion and $10.5 billion. Analysts polled by LSEG were expecting $2.36 in adjusted earnings per share on $10.02 billion of sales."The semiconductor industry is ...