Qualcomm posts Q4 earnings beat but shares slide on muted guidance and handset weakness
Qualcomm reported fiscal Q4 2026 adjusted earnings of $2.17 per share and revenue around $10 billion, beating Wall Street estimates. The company disclosed a sharp 26% drop in handset sales and a 89% jump in automotive revenue to $1.99 billion. Management guided Q1 FY2027 revenue of $10.4‑$11.2 billion with EPS of $2.15‑$2.35, which investors viewed as modest, sending the stock down in after‑hours trading.
Why it matters
The muted outlook and continued handset weakness may curb near‑term earnings, pressuring the stock despite the earnings beat. However, strong automotive growth and a ramp‑up in data‑center revenue could support longer‑term revenue diversification.
Key facts
- 1Adjusted earnings per share were $2.17 for Q4 2026. finance.yahoo.com
- 2Automotive revenue rose 89% year‑on‑year to $1.99 billion. grafa.com
- 3Handset chip sales were $5.14 billion, below expectations. invezz.com
- 4Q1 FY2027 revenue guidance is $10.4‑$11.2 billion. finance.biggo.com
- 5Q1 FY2027 EPS guidance is $2.15‑$2.35 per share. finance.biggo.com
- 6Shares fell about 8.8% after market close on the earnings release. quiverquant.com
Open questions
- Revenue is reported as $10.32 billion in several sources (2,5,6,8) and $10.44 billion in others (4,9), creating a conflict on the total Q4 figure.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.