QUALCOMM (QCOM) Earnings Date & Reports

Key Takeaways

• Qualcomm (QCOM) is scheduled to report its fourth quarter and fiscal 2026 results on Wednesday, November 4, 2026, after the market closes.
• Analysts expect earnings per share (EPS) of about $2.19 on revenue of roughly $10.15 billion for the fiscal fourth quarter.
• Both figures point to a year-over-year decline, with revenue down around 10% and EPS down roughly 27% compared with the prior-year period.
• The handset market, inventory levels, and the early ramp of artificial intelligence (AI)-capable devices are likely to drive investor attention heading into the report.
• Qualcomm has beaten consensus EPS in six of its last eight quarters, but it missed estimates in its most recent report.
• For more context on Qualcomm's Major News, Today's Price Move, Price Targets, and Forecast, explore the dedicated QCOM pages.
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Earnings Context and Why It Matters

Qualcomm's fiscal fourth quarter closes out the company's 2026 fiscal year, making the report a key checkpoint on how the chipmaker navigated a still-uneven smartphone cycle. As a leading supplier of mobile processors and wireless technology, Qualcomm's results offer a real-time read on handset demand, particularly in premium Android devices and Apple's iPhone supply chain. The report also sheds light on Qualcomm's diversification into automotive and Internet of Things (IoT) chips, as well as its push into AI-capable devices. With revenue and EPS expected to decline year over year, investors will be listening closely for signs of stabilization in the core handset business and any early momentum from newer growth segments heading into fiscal 2027.

Earnings Expectations

Consensus estimates call for Qualcomm to report EPS of about $2.19 on revenue of approximately $10.15 billion for the fiscal fourth quarter of 2026. That compares with EPS of $3.00 and revenue of $11.27 billion in the same quarter a year earlier, implying a decline of roughly 27% in EPS and about 10% in revenue.

The company's most recent report, for the fiscal third quarter of 2026, came in at $2.21 per share on revenue of $9.95 billion, narrowly missing the $2.23 EPS consensus. Still, Qualcomm has a strong longer-term track record, having beaten consensus EPS in six of its last eight quarters. Key metrics to watch include QCT (Qualcomm CDMA Technologies, its chip business) revenue, QTL (Qualcomm Technology Licensing) revenue, and management's commentary on handset demand, channel inventory, and the pace of adoption for AI-enabled smartphones and PCs.

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Market Reaction and Investor Sentiment

Sentiment heading into Qualcomm's earnings is cautious, reflecting the expected year-over-year declines in both revenue and EPS. The stock has historically shown meaningful moves around its reports, with prior quarters delivering both double-digit gains and notable single-day declines depending on guidance. Key risk factors include softer-than-expected smartphone demand, elevated channel inventory, and pricing pressure in the competitive mobile chip market. On the other hand, commentary pointing to stronger AI-device adoption, resilient licensing revenue, or improving demand visibility could support a more constructive market reaction. Investors will be particularly attentive to management's tone on the handset recovery and any forward-looking guidance for the first quarter of fiscal 2027.

Forward Outlook and Key Factors to Monitor

Following the report, investors should focus on Qualcomm's guidance for the first quarter of fiscal 2027, which will offer the first official glimpse into how management sees the current handset cycle evolving. The direction of QCT chip revenue will be central, since it reflects real end-market demand rather than licensing-based income.

Another area to watch is Qualcomm's progress beyond smartphones. The company has been working to expand its automotive and IoT businesses, and any commentary on design wins, revenue trajectory, or adoption of AI-capable processors in laptops and edge devices could signal whether diversification is beginning to offset handset softness.

Margin trends and operating costs also matter. Semiconductor companies are facing rising research and development spending tied to AI, and investors will want to see whether Qualcomm can balance those investments with disciplined cost control. Finally, broader industry conditions—including consumer electronics demand, carrier promotions, and global macroeconomic trends—will continue to shape the outlook as Qualcomm moves into its new fiscal year.

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