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Qualcomm Reports $10.3B Q4 Revenue; Shares Fall About 5% After-Hours
Grade Abearish AI signal$QCOMON$QCOMSTOCK
Qualcomm reported fiscal 2026 fourth-quarter revenue of $10.3 billion for the period ended September 27, down 8% year over year. Earnings per share were $2.17, slightly above analyst expectations of $2.16, while revenue was also slightly above the $10.1 billion consensus estimate.
Shares fell about 5% in after-hours trading following the report. Qualcomm forecast revenue of $10.4 billion to $11.2 billion for the quarter ending in December, compared with analyst expectations of $10.55 billion. Its projected EPS range was $2.15 to $2.35, with the midpoint below the $2.32 analyst estimate.
The company said component and manufacturing costs are broadly rising. Its handset business generated $5.14 billion in revenue in the prior quarter, down 26%, highlighting pressure in the phone segment despite the quarterly revenue and EPS beats.
Bullish strength: 32/100
- Revenue and EPS came in slightly above analyst expectations
- The overall revenue guidance range for this quarter was above market expectations
Bearish strength: 68/100
- After-hours share price fell about 5%, with a broadly negative market reaction
- Quarterly revenue declined 8% year over year, while handset business revenue fell 26%
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