Qualcomm Reports Strong Q1 Earnings but Lowers Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 05 2026
0mins
Should l Buy QCOM?
Source: Benzinga
Qualcomm's stock is down 11.01% in pre-market trading, hitting a 20-day low amid broader market gains in the Nasdaq-100 and S&P 500.
The company reported adjusted earnings per share of $3.50 for Q1, exceeding expectations, with revenues of $12.25 billion slightly above forecasts. However, Qualcomm's guidance for the next quarter was disappointing, projecting EPS between $2.45 and $2.65 and revenues between $10.2 billion and $11 billion, both below analyst expectations. This cautious outlook reflects pressures from global memory shortages affecting the smartphone market.
Despite the strong earnings, Qualcomm's lowered guidance has raised concerns among investors about future performance, particularly in light of ongoing supply chain challenges. The company continues to show growth in its automotive and IoT segments, but the overall market reaction indicates a focus on the potential impacts of memory constraints.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 136.200
Low
165.00
Averages
197.14
High
225.00
Current: 136.200
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Qualcomm's Position: Qualcomm has explicitly stated that it does not endorse the offer and advises shareholders against tendering their shares due to multiple conditions, including the need for financing, with no guarantee that these conditions will be met.
- Investor Warning: The SEC has cautioned investors regarding mini-tender offers, urging them to scrutinize such offers carefully to avoid being misled by below-market prices, as these offers lack the protections provided by larger tender offers under U.S. securities laws.
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