Qualcomm (QCOM) is expected to report second quarter earnings tonight after the close. There is a conference call scheduled for 16:45 ET.
Q2 Capital IQ consensus calls for EPS of $1.67 (versus $0.88 last year) on revenue of $7.62 bln (+46% yr/yr).
QCOM beat on EPS and revenues over the last four quarters.
Another item of interest will be the global chip storage.
TECHS:
QCOM has a $159 bln valuation and trades at ~19 FY21 EPS estimates.
Based on the weekly QCOM Weekly Apr30 $136 straddle, the options market is currently pricing in a move of 7% in either direction by weekly expiration (Friday).
SWKS, CRUS, AVGO, QRVO, TSM, and QCOM, among others (SMH); SSNLF, LPL (for displays) and LITE, FNSR and IIVI (for FaceID).
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