Qualcomm's smartphone chip sales miss estimates, shares fall

QUALCOMM Incorporated

04/11/2026 22:03

** Shares of Qualcomm QCOM.O fall 6.6% to $161.8 in extended trading
** Q4 revenue from Qualcomm's handset unit fell 26% to $5.14 billion, dragging the chip segment's revenue down 8% to $9.02 billion
** Analysts polled by Visible Alpha expected handset revenue of $5.25 billion
     ** Adjusted sales in Q4 fell 7% to $10.44 billion, beating estimates of $10.11 billion, according to data compiled by LSEG
** Expects Q1 revenue to be between $10.4 billion and $11.2 billion, the midpoint of which is above analysts' average estimate of $10.48 billion
** As of last close, stock up 1.25% YTD

 (Reporting by Siddhi Mahatole)
 ((siddhi.mahatole@thomsonreuters.com))