PomegraQualcomm Stock Falls 6% After Weak Profit Guidance
Why is Qualcomm stock down today?
Qualcomm (QCOM) stock fell about 6% after hours on Wednesday after guiding to $2.25 per share in profit at the midpoint, below analyst estimates, even though its revenue outlook beat.
Key numbers
| Q4 adjusted EPS | $2.17vs $2.16 expected |
|---|---|
| Next-quarter EPS guidance (midpoint) | $2.25vs $2.27 expected |
| Next-quarter revenue guidance (midpoint) | $10.8Bvs $10.48B expected |
| Phone chip revenue | $5.14B-26% YoY |
| Automotive revenue | $1.99B+89% YoY |
What happened
Qualcomm (QCOM) stock fell about 6% after hours on Wednesday after guiding to $2.25 per share in profit at the midpoint, below analyst estimates, even though its revenue outlook beat. Its own forecast (guidance) puts sales at $10.4 billion to $11.2 billion, above the $10.48 billion analysts expected, but profit per share at $2.15 to $2.35, under the $2.27 expected. Phone chip sales fell 26% to $5.14 billion from a year ago, while car chip sales rose 89% to $1.99 billion. Early reports of the after-hours drop ranged from 2% to 7%.
Why it matters
Qualcomm's forecast suggests it will earn less per share even as sales grow, a sign that its costs are rising. CNBC links the pressure to a shortage of memory chips, which makes phones more expensive to build and can weaken demand for the phone chips that are Qualcomm's biggest business. Investors are now watching whether car and data center chips can make up the gap.
Who this affects
- MarketbearishMedium impact
- Chip-stock investors face fresh worry about rising costs and weak phone demand.
- CompanybearishMedium impact
- Shareholders see a sharp after-hours drop on lower expected profit.
- CompetitorsmixedLow impact
- Phone-chip rivals may face the same memory cost pressure.
- IndustrymixedMedium impact
- Phone makers face higher costs; car and AI chip suppliers gain.
Qualcomm vs Arm, MediaTek, Broadcom
How we got here
Qualcomm reports fiscal fourth-quarter results after the market closes.
Shares slide in extended trading as profit guidance trails estimates.
Company reiterates a $5B data center revenue target for fiscal 2027.
What to watch
- How Qualcomm shares trade in regular hours after the after-hours drop.2026-11-05
- Whether memory chip costs keep weighing on phone demand and Qualcomm's profit.Q1 2027
- Next results: whether profit lands inside the $2.15 to $2.35 guided range.Q1 2027
Educational content only. Not investment advice.
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