Qualcomm Inc NASDAQ:QCOM Price, Chart, News & Insight

Qualcomm Stock Falls 4.8% Premarket as Smartphone Weakness Overshadows Automotive Growth

Qualcomm (NASDAQ: QCOM) shares fell 4.8% in premarket trading on Thursday after the chipmaker reported lower fiscal third-quarter earnings and revenue, as continued weakness in its smartphone business outweighed strong growth in its automotive and IoT segments.

Revenue declined 4% year-over-year to $9.95 billion, landing near the high end of the company's guidance. GAAP earnings per share fell 23% to $1.87, while non-GAAP EPS decreased 20% to $2.21. CEO Cristiano Amon said the company delivered solid execution despite a challenging memory and supply environment and reaffirmed Qualcomm's long-term diversification strategy.

Handset Business Remains Under Pressure

The biggest drag on results continued to be Qualcomm's core handset business. QCT handset revenue dropped 20% year-over-year to $5.09 billion, driving a 5% decline in total QCT revenue to $8.50 billion.

The weakness was partially offset by continued momentum outside smartphones. Automotive revenue surged 61% to $1.59 billion, marking the company's 23rd consecutive quarter of double-digit growth, while IoT revenue increased 9% to $1.83 billion. Qualcomm also recently completed its acquisition of Modular Inc., expanding its software capabilities for generative and agentic AI applications.

Guidance Meets Expectations

For the fiscal fourth quarter, Qualcomm forecast revenue between $9.7 billion and $10.5 billion and non-GAAP earnings per share of $2.05 to $2.25. The company also noted that higher semiconductor input costs, including wafer fabrication, advanced packaging and memory, are expected to gradually be reflected in pricing, supporting margins over time.

What to Watch

The premarket decline suggests investors remain focused on the pace of recovery in Qualcomm's smartphone business despite continued strength in automotive, IoT and AI-related opportunities. Going forward, the market will closely monitor handset demand, automotive expansion and whether accelerating non-handset revenue growth can offset ongoing weakness in the mobile market.

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European Investor 07-30-26

Qualcomm (NASDAQ: QCOM) gained 3.7% on Thursday after a flurry of analyst actions following the company's recent momentum in AI and semiconductor markets. While opinions remained mixed, the overall tone turned more constructive as several firms upgraded their views or raised price targets.

Barclays upgraded Qualcomm to Overweight from Underweight, while Monness Crespi Hardt also upgraded the stock to Buy. Raymond James initiated coverage with a Strong Buy rating, and RBC Capital Markets and UBS both raised their price targets to $250 and $235, respectively.

The positive actions were partially offset by downgrades from Craig Hallum and Lake Street Capital, while Goldman Sachs initiated coverage with a Neutral rating. Despite the mixed recommendations, the balance of analyst revisions reflected growing confidence in Qualcomm's long-term opportunities in AI-enabled devices, smartphones, automotive, and edge computing.

The stock's advance suggests investors focused on the increasing number of bullish analyst calls and higher price targets, reinforcing optimism that Qualcomm is well positioned to benefit from the expanding AI ecosystem beyond traditional mobile markets.

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European Investor 06-25-26

Micron Technology (NASDAQ: MU) and Qualcomm (NASDAQ: QCOM) fell sharply on Tuesday despite receiving higher price targets from Bank of America, as a broad selloff across semiconductor and technology stocks weighed on investor sentiment.

Micron dropped 7.9% to $1,115.82 after Bank of America raised its price target to $1,500 from $950 and maintained a Buy rating. The sizable increase reflects growing confidence in the memory chip maker's position within the AI infrastructure market, where demand for high-bandwidth memory and advanced data center products continues to expand.

Qualcomm fell 6.9% to $206.55 after Bank of America increased its price target to $195 from $165. Although the firm maintained an Underperform rating, the higher target suggests improving expectations for the company's earnings outlook and AI-related opportunities.

The declines came as investors broadly reduced exposure to semiconductor and AI-related stocks following weakness across the technology sector. The selloff overshadowed otherwise positive analyst commentary and reflected concerns about near-term demand trends and elevated valuations after a strong rally in chip stocks.

Despite Tuesday's weakness, the analyst actions indicate Wall Street remains constructive on long-term semiconductor growth, particularly as artificial intelligence continues to drive investment in advanced computing infrastructure and next-generation devices.

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European Investor 06-23-26

Qualcomm Gains After Cantor Fitzgerald Raises Price Target

Qualcomm (NASDAQ: QCOM) rose 1.7% after Cantor Fitzgerald raised its price target to $200 from $150, while maintaining a Neutral rating on the semiconductor company.

The higher target reflects improving confidence in Qualcomm's ability to benefit from growing artificial intelligence adoption across smartphones, PCs, wearables, and edge computing devices. The company has increasingly positioned itself as a key player in on-device AI, where processing occurs directly on consumer devices rather than in the cloud.

Investor sentiment has also been supported by Qualcomm's recent launch of Snapdragon START, a platform designed to accelerate development of AI-powered smart glasses and other personal AI devices. The initiative expands Qualcomm's presence beyond traditional smartphones and highlights the company's efforts to capitalize on emerging AI hardware opportunities.

Qualcomm continues to benefit from its leadership in mobile processors and wireless connectivity, while diversification into automotive, industrial, and AI-driven products provides additional growth avenues. The company is viewed as a potential beneficiary of a new wave of AI-enabled consumer electronics expected to emerge over the coming years.

Despite maintaining a Neutral rating, Cantor Fitzgerald's substantial price target increase suggests analysts see improving long-term prospects as Qualcomm expands its role in the broader AI ecosystem. The stock's advance indicates investors welcomed the more optimistic valuation outlook and continued momentum in AI-related semiconductor spending.

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Global Finance News 06-22-26

Qualcomm Gains 4.3% as Wells Fargo Raises Price Target on AI and Smartphone Recovery Outlook

Qualcomm (QCOM) rose 4.3% on Friday after receiving a vote of confidence from Wells Fargo, which raised its price target on the semiconductor company from $160 to $230 while maintaining its Equal Weight rating.

The substantial target increase reflects growing optimism about Qualcomm's positioning in several key growth markets, including artificial intelligence-enabled devices, premium smartphones, automotive technology, and edge computing. While Wells Fargo stopped short of issuing a more bullish rating, the higher target suggests analysts see significantly greater earnings potential than previously anticipated.

Investor sentiment toward Qualcomm has improved in recent months as demand for AI-capable smartphones and connected devices continues to strengthen. The company is increasingly viewed as a beneficiary of the next wave of on-device AI adoption, with its Snapdragon processors enabling advanced AI features directly on smartphones, PCs, and other edge devices.

The rally also comes amid broader strength across the semiconductor sector, where investors continue to favor companies exposed to artificial intelligence spending. While much of the market's attention has focused on data-center AI leaders, Qualcomm is emerging as one of the key beneficiaries of AI deployment at the consumer device level.

Wells Fargo's decision to reaffirm its positive view while sharply increasing its price target reinforced investor confidence that Qualcomm's growth opportunities extend beyond the traditional smartphone market. The firm's expanding presence in automotive chips, industrial applications, and AI-powered computing platforms is helping diversify revenue streams and support long-term growth expectations.

Friday's advance suggests investors are increasingly recognizing Qualcomm as an important player in the AI ecosystem, with the target increase serving as another indication that Wall Street expects stronger earnings growth as AI-enabled devices become more widely adopted.

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WS Investor 06-12-26

Qualcomm Jumps 11.7% in Pre-Market as Automotive and AI Momentum Overshadow Handset Weakness

Qualcomm shares are surging 11.7% in pre-market trading, extending an after-hours rally following a Q2 fiscal 2026 earnings report that beat expectations on both revenue and profit, even as near-term headwinds in the handset business temper the longer-term outlook.

The San Diego chipmaker reported non-GAAP EPS of $2.65 on revenue of $10.6 billion, surpassing analyst forecasts of $2.55 EPS and $10.58 billion in revenue. The beat is consistent with the company's strong track record in its diversification drive, which was already evident in the FY2025 full-year results where non-Apple QCT revenues grew 18% year-over-year and combined automotive and IoT revenues rose 27%. (Investing*com)

The standout story remains automotive. Automotive exceeded $5 billion in annualized revenues for the first time in Q2, driven by Qualcomm's fourth-generation Snapdragon Digital Chassis platform covering connectivity, telematics, infotainment and advanced driver assistance. The company expects to exit fiscal 2026 at an automotive run rate above $6 billion. QTL licensing added stability with 5% revenue growth to $1.38 billion and EBT margins above 70%. (Yahoo Finance, Stocktitan)

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WS Investor 04-30-26

Qualcomm (NASDAQ: QCOM) announced a quarterly cash dividend of $0.92 per common share, payable on June 25, 2026, to stockholders of record on June 4, 2026.

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European Investor 04-18-26

Qualcomm urged its shareholders to reject an unsolicited “mini-tender” offer from Tutanota LLC, warning that the proposal is structured to potentially acquire shares at a below-market price.

The offer seeks to purchase up to 500,000 Qualcomm shares—less than 0.05% of outstanding stock—at $150 per share, but is conditional on the company’s share price exceeding that level before expiration. Qualcomm stated that this condition, along with other uncertainties such as financing requirements, could disadvantage investors and delay payment.

Qualcomm emphasized that it is not affiliated with Tutanota and does not endorse the offer, advising shareholders not to tender their shares. The company also noted that investors who have already participated can withdraw their shares before the April 27, 2026 deadline.

The company further highlighted that mini-tender offers typically fall below the 5% ownership threshold, allowing bidders to bypass certain U.S. Securities and Exchange Commission protections. Regulators have cautioned that such offers may attempt to exploit investors who do not compare the offer price with current market values.

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European Investor 04-18-26

Qualcomm announced that it will publish the Company’s financial results for its second quarter of fiscal 2026 on Wednesday, April 29, 2026, after the close of the market

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WS Investor 04-16-26

Bosch and Qualcomm have expanded their strategic partnership to include advanced driver assistance systems (ADAS), building on their existing collaboration in digital cockpit technologies.

The companies will jointly develop scalable, cost-efficient vehicle computing platforms powered by Qualcomm’s Snapdragon Ride technologies, enabling features ranging from basic driver assistance to advanced automated driving. The partnership also supports the integration of cockpit and ADAS functions into unified systems to reduce complexity and cost.

Bosch also highlighted a milestone of delivering over 10 million cockpit computers using Snapdragon platforms, underscoring the success of the collaboration. The expanded partnership aims to accelerate the adoption of software-defined vehicle architectures, with new ADAS-enabled vehicles expected to reach the market by 2028.

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European Investor 04-11-26

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