- Net revenue up 5.0 percent sequentially to $606 million, up 0.5 percent from Q3 last year
- GAAP gross margin of 48.7 percent; Non-GAAP gross margin of 51.2 percent
- GAAP earnings per diluted share of $0.58; Non-GAAP earnings per diluted share of $0.72
Some positive news about Apple's iPhone sales wasn't enough to boost shares of some of its major suppliers on Wednesday.
With many already predicting healthy iPhone 7 sales, a slight EPS beat and above-consensus sales guidance weren't enough to prevent profit taking.
Qualcomm faces integration, culture and business model risks with its potential purchase of the fast-growing NXP in what would be the biggest semiconductor acquisition in history.