Jordan Novet / CNBC:
Qualcomm reports Q1 revenue down 12% YoY to $9.46B, net income down 34% YoY to $2.24B, and Q2 2023 revenue forecast of $8.7B-$9.5B, vs. $9.55B est — – Qualcomm’s top line fell short for the quarter, with handset revenue declining 18%. — The company called for a sharper decline in the next quarter.
