The Globe and Mail reports in its Thursday edition that chipmaker Qualcomm forecast second-quarter revenue and profit below Wall Street estimates on Wednesday. A Reuters dispatch to The Globe says results from Qualcomm come at a time when global electronics supply chains are grappling with an acute shortage of memory chips -- an essential fixture across devices from smart phones to data centres. Qualcomm chief executive officer Cristiano Amon told Reuters that the entire forecast miss was because of a memory chip shortage hitting the Qualcomm's smart phone customers. "I'm very happy with the business -- I just wish we had more memory," Mr. Amon said. "Everything is basically OEMs, especially in China, bringing down their inventory levels to adjust to their memory supply." The company expects revenue between $10.2-billion to $11-billion for the second quarter, compared with analysts' average estimate of $11.12-billion (all figures U.S.). It also forecast adjusted current-quarter earnings between $2.45 to $2.65 a share, compared with estimates of profit of $2.89. For the fiscal first quarter ended Dec. 28, 2025, Qualcomm reported revenue of $12.25-billion, beating estimates of $12.21-billion.