Qualcomm Shares Fall Up to 14 Percent on Weak Handset Revenue and Cautious Q1 Guidance
What happened
Qualcomm shares fell as much as 14% on November 5, 2026, marking their steepest single-day drop in six months after a 26% decline in handset sales overshadowed quarterly earnings beats.
The Context
- Mobile sales missed forecasts: Fiscal fourth-quarter adjusted revenue hit $10.44 billion and EPS reached $2.17, but handset revenue dropped 26% to $5.14 billion as smartphone upgrades stalled.
- Guidance disappointed Wall Street: First-quarter fiscal 2027 profit guidance was set at $2.15 to $2.35 per share, falling below the consensus midpoint amid rising memory costs and shrinking Apple modem business.
- Diversification faces a timeline gap: Qualcomm is pushing into non-smartphone sectors, targeting over $5 billion in data-center revenue for fiscal 2027 and $15 billion by fiscal 2029, but those gains cannot yet balance handset deceleration.
The Number
— the estimated single-day market value wiped out during the intraday sell-off, prompting at least eight brokerages to cut their price targets.
Takeaway
Watch whether Qualcomm's planned expansion into automotive and data-center silicon can outpace the structural margin compression in consumer electronics over the next four quarters.
Technology business and AI-related headlines.
"Data-driven tech newsroom with global scope."
— A47 Editor
Qualcomm Shares Fall Most in Six Months After Weak Profit Forecast
Qualcomm shares slid 14% at the open of trading on Thursday after the company issued a lackluster profit forecast, according to Bloomberg Technology reporting by Ryan Vlastelica; a full-day decline of that size would be the stock's worst day since 20...
Technology business news, market impacts, and innovation trends.
"Bloomberg is a premier financial and tech news provider, respected for its in-depth reporting and analytical rigor."
— A47 Editor
Qualcomm Shares Fall Most in Six Months After Weak Profit Forecast
Qualcomm shares slid 14% at the open of trading on Thursday after the company issued a lackluster profit forecast, according to Bloomberg Technology reporting by Ryan Vlastelica; a full-day decline of that size would be the stock's worst day since 20...
Markets desk coverage, trading insights, and investor updates.
"WSJ’s markets reporting provides in-depth analysis and context for investors."
— A47 Editor
Stock Market Today: Nasdaq Plunges 5.5%; Investors Retreat From AI Trade After Election
The Nasdaq Composite slumped 5.5%, its worst day in 18 months, entering correction territory more than 10% below its recent record high, while the Dow fell more than 1,800 points, as investors retreated from the AI trade following Democrats' sweep of...
Market-moving headlines impacting equities, bonds, and related risk assets.
"Real-time catalysts and volatility drivers across indices and sectors."
— A47 Editor
Qualcomm shares slide as smartphone weakness clouds growth push
Qualcomm shares slid after the company's stock fell on concerns that weakness in its smartphone business is clouding its push for new growth. The base report, published by Investing.com, frames the decline as a negative market reaction tied to the co...