Qualcomm (NASDAQ:QCOM) is set to report earnings after market hours this Wednesday. Last quarter, Qualcomm beat revenue expectations by 1.8%, reporting $10.84 billion in revenue, up 15.4% year on year. Analysts expect revenue to grow 10.2% to $10.35 billion this quarter, with adjusted earnings at $2.71 per share. Most analysts have maintained their estimates, anticipating a steady performance. In the semiconductor segment, Penguin Solutions missed revenue expectations while Intel exceeded them. Share prices in the semiconductor segment have risen 4.9% on average over the last month. Qualcomm is up 1.3%, with an average analyst price target of $175.83.

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