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.

“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 Incorporated faces headwinds as Apple phases out its modems, risking $7.5B revenue. Click for my look at QCOM earnings and the road ahead.