The morning briefing.

Qualcomm reported $10.322bn revenue for the September 27 quarter versus $11.270bn a year earlier. GAAP diluted EPS was $1.17 versus a $2.89 loss; the prior-year quarter included $6.088bn of income tax expense. Management expects FY2027 Q1 revenue of $10.4–11.2bn. This outlook is separate from the reported quarter.

The revenue decline at one chip supplier adds a different demand signal from other recent company reports. Its handset, automotive and licensing mix cannot stand for the whole economy.

Selected issuer context only. GAAP results differ from adjusted results; analyst expectations and after-hours prices are unavailable. The PDF supplies a publication date, not an exact release time. Management guidance can differ from eventual results.

AMD reported $13.377bn revenue for the September 26 quarter, compared with $9.246bn a year earlier. GAAP diluted EPS was $1.46 versus $0.75. Data Center revenue reached $8.5bn. Management expects fourth-quarter revenue of $17bn, plus or minus 3%; that is guidance, not a reported result.

AMD adds evidence of spending on data-center hardware at one supplier. It cannot establish the return on that investment across the economy or the direction of the overall market.

One company release, with GAAP EPS kept separate from adjusted EPS. Analyst consensus, a verified earnings surprise and any after-hours price reaction are unavailable. Management guidance can differ from eventual results.

BLS reported September job openings of 7.5 million and hires of 5.4 million, both little changed. Quits increased to 3.4 million; layoffs and discharges were little changed at 1.6 million. August openings were revised to 7.2 million. The release was published November 3 at 10:00 AM ET.

Stable reported openings and hiring sit alongside increased quits. Labor demand and wage pressure can move differently; one lagged survey does not settle growth or the next rate decision.

Lagged, seasonally adjusted survey estimates that can be revised. Economist expectations, an employment-payroll surprise and instrument price reactions are not measured. Provenance correction: the citation now uses the dated BLS archive; the figures and interpretation are unchanged.