Mizuho Cuts Targets for Qualcomm and Skyworks as Handset Outlook Dims
Mizuho now projects global handset shipments in calendar 2026 will decline about 4% year on year, with downside risk exceeding 5%, driven by rising memory costs and supply shortages that are expected to hit production especially in the second half of the year. The bank trimmed price targets on Qualcomm and Skyworks Solutions and highlighted sharper…