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Qualcomm beats earnings estimates but issues cautious outlook amid chip sales drop.

Company Fundamentals
04 Nov 2026, 23:06 WIB
CNBC
View Source
Bearish
Qualcomm beats earnings estimates but issues cautious outlook amid chip sales drop.

Qualcomm reported quarterly earnings that exceeded Wall Street expectations with adjusted EPS of $2.17 and revenue of $10.32 billion. However, the company issued a cautious forecast for the next quarter, expecting EPS between $2.15 and $2.35 and revenue of $10.4 to $11.2 billion, slightly below analyst estimates. Chip sales, especially for smartphones, fell 26% due to rising memory costs and weak demand, though the company sees signs of stabilization in Android shipments in China. Qualcomm is shifting focus to AI data center chips and automotive markets, with data center revenue at $650 million and automotive revenue up 89% year-over-year. CEO Cristiano Amon highlighted supply constraints rather than demand issues in the data center segment.

Qualcomm holds a market cap of $175.58 billion and offers a dividend yield of 2.24% as of Nov 05, 2026 04:11 WIB on Pluang. Despite the article's note of a 5% drop on weak earnings forecasts, the stock price on Pluang is up 1.63% at USD 167.11 with a volume of 11,375,025 shares traded. Investor activity shows 62% selling and 38% buying, reflecting mixed sentiment in the technology sector.

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