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QUALCOMM Incorporated (QCOM) earnings date & stock reaction

QUALCOMM Incorporated · Semiconductors

QUALCOMM Incorporated earnings date & time

Next earningsWed, November 4 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Thu, November 5
Reporting pattern
12 of last 12 after close
Typical move
±6.7% · 12-report avg

What the market expects

Consensus EPS

$2.16Coming in above this counts as a beat

Year-ago quarter
$3.00→-28.0%
Guided revenue
$9.9B→$10.1B+1.5%
Guided EPS
$2.21→$2.15-2.7%
Full earnings calendarFrom an earnings calendar
Latest reportApr–Jun 2026 results· July 29, 2026 reported
EPS consensus $2.22 → $2.21 ▼ -0.5% missRev $10.4B → $9.9B -4% YoY
Post-earnings price move
Next-day move
-2.6%
After 5 days
+1.2%
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.Sector peer Intel Corporation (7/23): beat, yet stock -7.9%A same-industry peer, Intel Corporation, reported within the 10 days before this one (6d earlier). How the market took it (next-day move -7.9%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.Down 7% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.
Earnings callGrowth in automotive and data center segments offsetting mobile demand weakness
“In the near term, we expect year-over-year growth in non-handset revenues, including Data Center, to accelerate from 24% in fiscal 2026 to greater than 60% in fiscal 2027.”
· Cristiano Amon, CEO
“We expect QCT Automotive revenues to have another record quarter with approximately 60% year-over-year revenue growth.”
· Akash Palkhiwala, CFO
Positives
  • ▲Strong growth in Automotive and IoT
    • Automotive revenue was $1.58 billion, up 61% vs last year.
    • IoT revenue was $1.83 billion, up 9% vs last year.
  • ▲Strategic expansion in Data Center
    • Non-handset revenue growth is expected to accelerate from 24% in fiscal 2026 to over 60% in fiscal 2027.
    • Completed the acquisition of Modular to strengthen AI software stack capabilities.
  • ▲Consistent capital return
    • Returned $2.3 billion to stockholders this quarter, including $973 million in dividends and $1.4 billion in share repurchases.
Concerns
  • ▼Revenue decline and margin pressure
    • Total revenue was $9.95 billion, down 4% vs last year.
    • QCT EBT margin was 26%, down 4 percentage points from 30% in the same period last year.
  • ▼Handset segment contraction
    • Handset revenue was $5.09 billion, down 20% vs last year.
    • Apple-related revenue share is expected to be materially lower than the previous 20% estimate.
  • ▼Rising costs and margin dilution
    • Broad-based input cost increases in the semiconductor industry are creating short-term gross margin pressure.
    • Data center business is expected to dilute weighted average QCT gross margin by 1.5% to 2%.
Based on the Jul 29, 2026 earnings-call transcript. Quotes are verbatim.

QUALCOMM Incorporated (QCOM) rose the day after earnings in 3 of its last 12 reports (25%), moving ±6.7% on average. It has fallen despite beating the consensus estimate 8 times.

Up next day
3/12
25%
Fell despite growth
8/12
Good earnings ignored
Price when beating
-1.5%
avg over 11 beats
Price when missing
-2.6%
avg over 1 misses
Avg earnings move
±6.7%
typical swing on earnings
Biggest single move
+15.1%
'26.4 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 8 of the last 11 times. The number alone doesn't move it.

What really matters here
Smartphone-chip demand, outlook, Apple's in-house shift, and auto/IoT
In finance terms: Handset revenue · guidance · Apple/auto
Growth · revenue (YoY by quarter, latest right)
+17%
25-04(Mar qtr)
+10%
25-07(Jun qtr)
+10%
25-11(Sep qtr)
+5%
26-02(Dec qtr)
-3%
26-04(Mar qtr)
-4%
26-07(Jun qtr)
Slowing · Growth slowed from +17% to -4%. It can fall even on a beat if it continues.
Qualcomm can beat and still fall when phone-market softness or the fear that Apple in-houses its modem takes over. The key is next-quarter handset guidance and growth in newer areas like automotive and IoT, not the EPS beat.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 11 of 12 times. Beating is the default here
Median beat +4.3%. 8 of those beats still fell the next day.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Even strong results barely move the stock
Up the next day 3 of 11 beats (27%)
vs Semiconductors sector avg (6 peers)
This
-1.6%
Sector
+0.1%
Avg next-day reaction

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

This stock reacts more to guidance & expectations than the reported number
Moved opposite to results 8 of last 12 times (67%)
8xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth8/12

8/11 beats fell next day · watches Handset revenue · guidance · Apple/auto

Next-day reaction
  • Jun 2026 report-2.6%
  • Mar 2026 report+15.1%
  • Dec 2025 report-8.5%
  • Sep 2025 report-3.6%
  • Jun 2025 report-7.7%
  • Mar 2025 report-8.9%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Apr–Jun 2026 results
Reported 2026-07-29
Next-day move
-2.6%
After 5 days +1.2%
EPS consensus $2.22 → $2.21 ▼ -0.5% missRev $10.4B → $9.9B -4% YoY
Next-Q guidance+2%· ~$10.1B est.
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.Sector peer Intel Corporation (7/23): beat, yet stock -7.9%A same-industry peer, Intel Corporation, reported within the 10 days before this one (6d earlier). How the market took it (next-day move -7.9%) is the best read on the sector mood. A beat that still fell means the bar was high, so this stock may face similar pressure.Down 7% into earningsIn the 3 trading days before this report, the stock moved more than usual. A pre-earnings run-up can mean expectations were already priced in, a drop can mean bad news was priced in early. Read the post-earnings reaction with that in mind.

Earnings trend · last 12 quarters

EPS$2.21YoY -20%
'23.11'26.7
Revenue$9.9BYoY -4%
'23.11'26.7

Earnings history and price reaction

QUALCOMM Incorporated across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
6/20262026-07-29-0.5%-2.6%+1.2%
3/20262026-04-29+3.3%+15.1%+23.4%
12/20252026-02-04+2.9%-8.5%-5.3%
9/20252025-11-05+4.3%-3.6%-1.7%
6/20252025-07-30+2.0%-7.7%-8.3%
3/20252025-04-30+1.2%-8.9%-2.8%

12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next QUALCOMM Incorporated earnings date?

The next QUALCOMM Incorporated (QCOM) earnings report is expected Wed, November 4 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for QUALCOMM Incorporated's next earnings?

Analysts expect EPS of about $2.16 for QUALCOMM Incorporated (QCOM). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does QUALCOMM Incorporated (QCOM) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 3 of them (25%). The average move on earnings day was ±6.7%.

Does QUALCOMM Incorporated react more to the earnings numbers or to guidance?

In 8 of the last 12 reports (67%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can QUALCOMM Incorporated stock fall even when earnings are good?

Yes. In 8 of the last 12 reports, QUALCOMM Incorporated fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does QUALCOMM Incorporated stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.