Qualcomm reported a 61% growth in its automotive segment and raised its long-term non-handset revenue target to $40 billion by fiscal 2029. Despite these strong growth indicators and a data center business aiming for $15 billion by 2029, the market still values Qualcomm primarily as a smartphone chip maker, keeping its stock undervalued. The company’s fiscal Q3 2026 revenue beat estimates, driven by non-handset segments, although handset sales declined. Investors see potential for significant upside if Qualcomm successfully scales its data center and automotive businesses, with a 12-month price target of $228.68 implying a 16.27% gain from current levels. Risks include reduced modem share in upcoming iPhones and margin pressures, but management is taking steps to stabilize profitability.
Qualcomm shares rose 3.92% to USD 201.87 on Pluang as of Sep 28, 2026 00:11 WIB, showing strong market interest despite a high sell order activity of 88%. The stock's market cap stands at $215.72 billion, reflecting its significant presence in the technology sector. This price movement coincides with the company's reported growth in automotive and data center segments, which the market may still be undervaluing.
Qualcomm reported slightly better-than-expected Q4 earnings but issued cautious guidance for Q1, projecting adjusted earnings below analyst estimates and revenue in line with expectations. The company's handset chip sales dropped 26%, missing estimat...
Qualcomm reported Q4 FY2026 earnings that beat Wall Street estimates with EPS of $2.17 and revenue of $10.32 billion. However, the stock fell 11% due to a soft profit outlook and a 26% year-over-year decline in handset revenue, which overshadowed rec...
Stocks surged following the Democrats' decisive midterm victory, with the Dow experiencing its best day in over a year and a half, boosted by falling oil prices. However, tech stocks faced pressure, notably Qualcomm, whose shares fell over 9% after m...
The VIX Volatility Index saw its largest one-day drop since April 2025, falling over 20% as Wall Street calmed after midterm elections. Qualcomm shares fell about 10% premarket due to mixed fiscal Q4 results and a Q1 earnings forecast slightly below ...
Qualcomm reported Q4 2026 revenue of $10.44 billion, beating expectations, but profitability and future guidance fell short, causing a pre-market stock drop of over 10%. The company saw sharp declines in handset revenues and margins, while automotive...
