Qualcomm and Arm earnings miss trigger sharp selloff in Asian semiconductor stocks
Qualcomm reported fourth‑quarter handset chip revenue below expectations, sending its shares down more than 9% in extended U.S. trading. Arm posted revenue and profit above estimates but its royalty revenue of $670 million, up 8%, fell short of forecasts, causing its stock to slip about 3% after hours. The disappointment weighed on Asian chip makers, with Samsung and SK Hynix falling 5.7% and 7.4% respectively, while other regional names also posted double‑digit declines.
Why it matters
The earnings shortfall highlights ongoing pressure on the smartphone chip market and uncertainty around AI data‑center spending, prompting a broad pullback in semiconductor equities across Asia and the United States. Investors with exposure to these stocks may see near‑term downside risk.
Key facts
- 1Qualcomm shares fell more than 9% in extended trading after its handset chip revenue missed expectations. investing.com
- 2Arm reported royalty revenue of $670 million, up 8%, which was below analyst forecasts. investing.com
- 3Samsung Electronics fell 5.7% during the Asian session. investing.com
- 4SK Hynix lost 7.4% during the Asian session. investing.com
- 5Advantest dropped more than 11% in the Asian session. investing.com
- 6Lasertec fell 12.5% in the Asian session. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.