Qualcomm expects comprehensive benefits from product pricing actions to be reflected in QCT gross margins in the second half of fiscal year 2027.

The latest monthly consumer expectations survey from the New York Fed shows that respondents' inflation expectations for the coming year remain at 3.9%, while expectations for inflation over three and five years are steady at 3.3% and 3%, respectively. The average probability that respondents expect the unemployment rate to rise in the next year has increased to 45.3%, the highest since April 2020, mainly driven by those without a college degree.