“Our leadership in [artificial-intelligence] processing, high-performance and low-power computing and advanced connectivity positions us to become the industry platform of choice as AI gains scale at the edge,” Qualcomm CEO Cristiano Amon said in a release.

Qualcomm projected fiscal fourth-quarter revenue of $10.3 billion to $11.1 billion, with adjusted EPS from $2.75 to $2.95. The midpoint of each range, at $10.7 billion and $2.85, was about in line with what analysts currently project.

Consensus forecasts anticipate earnings of $2.71 per share, reflecting an approximate 15% increase compared to the previous year, while revenue is expected to rise