QCOM Earnings

QCOM reported its earnings on 2026-04-29, showcasing a revenue of 10.60B against an estimate of 10.62B, resulting in a -0.2% surprise. The EPS was 2.65, surpassing the expected 2.56 by 3.52%. The stock experienced a 15.12% price change on the earnings day and a 19.58% change over the next five days, reflecting market reactions to the results.

Following QCOM's earnings announcement on 2026-04-29, the stock price moved by 15.12% on the day of the release. Over the subsequent five days, it saw a 19.58% change. Historically, QCOM's stock price tends to shift by an average of -2.86% in the 10 days leading up to earnings and 5.89% in the 10 days following, providing insight into potential market.

For 2026/Q3, analysts estimate QCOM's annual revenue to reach 10.87B, while the EPS is projected at 2.83. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between QCOM's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2026 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, QCOM's stock price typically moves by -2.86% in the 10 days before its earnings and 5.89% in the 10 days after. For the upcoming 2026/Q3 earnings, analysts expect an EPS of 2.83 and revenue of 10.87B.

The earnings call summary reveals a decline in revenue, EPS, and operating margin, primarily due to weaker smartphone demand and increased R&D expenses. The absence of discussions on strategic initiatives or returns, coupled with no significant positive factors like new partnerships or optimistic guidance, further supports a negative sentiment. Despite no explicit risks mentioned, the financial performance downturn suggests a likely negative stock reaction.