Qualcomm falls on downbeat quarterly profit forecast

QUALCOMM Incorporated

29/07/2026 21:54

** Smartphone chipmaker Qualcomm's QCOM.O shares fall ~4% to $149.93 in extended trading
** Co expects Q4 rev between $9.7 billion and $10.5 billion, vs. analysts' avg. estimate of $10.02 billion - data compiled by LSEG
** Expects Q4 adj. EPS between $2.05 and $2.25, compared with estimates of $2.36
** Q3 rev drops 4% to $9.95 billion, vs estimates of $9.67 billion
** Q3 adj. EPS comes in at $2.21, missing estimates of $2.23
** As of Wednesday's close, stock has fallen ~9% YTD

 (Reporting by Anhata Rooprai and Koyena Das in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))