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QCOM · Analysis updated Nov 5, 2026, 9:45 AM ET
Why is QUALCOMM (QCOM) stock moving?
Qualcomm rallied 5.3% to $173.19 on Nov 4 ahead of its fiscal Q4 report, after a sharp slide from $185.41 on Oct 29 to about $162. The report was thin. Adjusted EPS of $2.17 beat by a penny, and revenue of $10.44B beat but fell 8% year over year. Q1 guidance was roughly in line, with a revenue midpoint of $10.8B. The market focused on the weak parts: handset revenue is expected to fall sequentially by a mid-single-digit percentage, the data center segment dilutes chip margins, and full-year adjusted EPS fell 12%. Extended trading and premarket quotes put the stock at about $154-$160, down roughly 9-11%. JPMorgan and Baird cut price targets, and Goldman and RBC held Hold ratings. Offsets include the data center target of $5B in fiscal 2027, the AWS deal worth up to $60B over 10 years, automotive strength and a SpaceX network-technology deal. The stock is volatile, with a beta around 2, and it trails the S&P 500 this year. The gap-down to the $155-$160 area breaks below the recent $160 low. A sector-wide semiconductor and AI pullback adds pressure.
News behind the analysis
- Qualcomm: Fiscal Q4 Earnings SnapshotAdjusted EPS of $2.17 beat the $2.16 consensus. Revenue was $10.44B adjusted, and Q1 guidance is $10.4B-$11.2B revenue with EPS of $2.15-$2.35.
- Qualcomm earnings matched, revenue topped estimatesQ4 EPS matched at $2.17 and revenue of $10.44B beat the $10.14B consensus. Q1 EPS guidance was in line with consensus, and revenue guidance was modestly above it.
- Qualcomm Q4 Earnings Call HighlightsManagement reiterated a $5B data center revenue target for fiscal 2027. It flagged a mid-single-digit sequential handset decline in Q1 and an AWS agreement worth up to $60B over 10 years.
- Qualcomm (QCOM) Tops Q4 Earnings and Revenue EstimatesEPS surprise was +0.46% and revenue surprise +2.92%. The shares are down about 3.9% year to date, against a 10.6% gain for the S&P 500.
- Qualcomm Stock Falls Below $165 After Earnings as Handset Sales Drop 26%The adjusted EPS beat was thin. Handset sales missed estimates and management warned of narrower chip margins, sending shares to about $160 after hours.
- What's Going On With Qualcomm Stock Thursday?Shares fell more than 9% premarket to about $158 as investors pulled back from semiconductor and AI stocks. Automotive revenue surged, but revenue fell 8% year over year.
- QUALCOMM Incorporated stock quote and latest newsShares were quoted at $154.50 after hours, down 10.79%. JPMorgan cut its price target to $200 from $215 and Baird cut its to $320 from $400. Goldman Sachs and RBC kept Hold ratings. SpaceX signed a deal with Qualcomm for network technology.
- Qualcomm Stock Price and Chart — TradingViewShares fell to about $162 on Nov 2 in a chip sell-off, more than 37% below the year-to-date high. A SpaceX deal for Starlink Mobile was also noted.
- Qualcomm Stock Price and Chart — TradingView IndiaA SpaceX deal for Starlink Mobile was reported. One chart idea puts the post-results price near $161.