Qualcomm Stock Is Near an All-Time Low Valuation. Look Beyond the Short-Term.

Investors should look beyond Qualcomm’s short-term financial results when the maker of mobile processors and 5G wireless chipsets reports earnings Wednesday, a Bernstein analyst says.

Qualcomm


(ticker:


QCOM


) is expected to report September quarter revenue of $11.32 billion with adjusted earnings per share of $3.13, according to Wall Street consensus estimates. The current quarter’s revenue is estimated at $12.02 billion.