Qualcomm's Q1 adjusted revenue of $9.92 billion, warning that chip inventory remains high. Qualcomm released its Q1 report as of December 24, 2023 on January 31, with adjusted revenue of $9.92 billion and analyst expectations of $9.54 billion; Adjusted earnings per share for the first quarter were $2.75, with analyst expectations of $2.36; Expected revenue for the second quarter is 8.9 billion to 9.7 billion US dollars, with analysts expecting 9.36 billion US dollars; Expected adjusted earnings per share for the second quarter range from $2.20 to $2.40, with analysts expecting $2.26. The company stated in its financial report that chip inventory remains high in the short term, and some customers continue to digest inventory.