Qualcomm falls around 7% after hours as smartphone sales and margins face pressure
📉 Smartphone chip revenue fell 26% year over year to $5.14 billion in fiscal Q4 2026, missing expectations. Weakness in its core business overshadowed other positive developments.
🧩 AI data center demand is pushing memory costs higher, pressuring phone prices and demand. Qualcomm also faces rising manufacturing, packaging and testing costs.
📊 Next-quarter revenue guidance of $10.4–11.2 billion has a midpoint above expectations. However, adjusted EPS guidance centers on $2.25, below the $2.27 consensus, highlighting profitability pressures.
🚗 Automotive revenue rose 89% to $1.99 billion, supporting diversification. Smartphones still heavily influence overall results.
🔎 Key factors to watch are Qualcomm’s ability to pass higher costs through to customers, smartphone recovery and growth beyond handsets.
#Qualcomm $QCOMB
📉 Smartphone chip revenue fell 26% year over year to $5.14 billion in fiscal Q4 2026, missing expectations. Weakness in its core business overshadowed other positive developments.
🧩 AI data center demand is pushing memory costs higher, pressuring phone prices and demand. Qualcomm also faces rising manufacturing, packaging and testing costs.
📊 Next-quarter revenue guidance of $10.4–11.2 billion has a midpoint above expectations. However, adjusted EPS guidance centers on $2.25, below the $2.27 consensus, highlighting profitability pressures.
🚗 Automotive revenue rose 89% to $1.99 billion, supporting diversification. Smartphones still heavily influence overall results.
🔎 Key factors to watch are Qualcomm’s ability to pass higher costs through to customers, smartphone recovery and growth beyond handsets.
#Qualcomm $QCOMB
