The company expects its chip business "will continue to operate in a “very low growth, uncertain macro environment” for the foreseeable future.
The companies will meet on Wednesday even though Qualcomm has rejected its rival's improved $121 billion takeover offer as inadequate.
The takeover proposal, the largest in tech history, would create the world's No. 3 chipmaker but Qualcomm appears set to reject it as inadequate.
The chipmaker is paying $5.5 billion for Brocade to create a "powerhouse" in networking products used in data centers.
