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Qualcomm Q4 2026 revenue beats but profits and outlook disappoint, shares fall 10% pre-market

Company Fundamentals
05 Nov 2026, 14:45 WIB
Seeking Alpha
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Bearish
Qualcomm Q4 2026 revenue beats but profits and outlook disappoint, shares fall 10% pre-market

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 and IoT segments grew strongly. Its data center business is expanding but is currently reducing overall margins. Qualcomm's outlook indicates ongoing margin pressure due to lower profitability in new revenue areas, with risks from handset market weakness and customer concentration. The analyst maintains a Hold rating, preferring to wait for a better entry point amid these transitional challenges.

QUALCOMM shares are down 10.46% at USD 155.07 on Pluang as of Nov 05, 2026 20:01 WIB, reflecting a sharp market reaction consistent with the reported earnings miss on profitability and cautious guidance. The stock trades well below its 52-week high of USD 251.10, with a market cap of $184.94 billion and a dividend yield of 2.12%. Pluang order activity shows a majority of 62% sell orders, indicating investor caution during this transitional period for Qualcomm.

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