Qualcomm (QCOM) Rises 3.6% With Earnings Report Due Shortly

As seen on the 24/7 Wall St. homepage on November 4, 2026.

QCOM Qualcomm

Regular session

3:50pm ET

$170.31

+3.57% open $164.43

A 3.57% climb to $170.31 lands hours before Qualcomm's earnings report, so buyers are paying up ahead of the numbers.

Continue ReadingShow less

Qualcomm climbed roughly 3.6% in regular trading ahead of earnings, meaning buyers are paying up today rather than waiting to see the numbers.

The stock found support after an early pullback and held the bulk of its gains into the close, a sign the buying was not purely opportunistic.

Sources

QCOM company overview

Mentioned: QCOM

Related Market Updates

QCOM Qualcomm

Q4 2026

4:03pm ET

EPS

$2.17

est $2.16 +0.6%

Revenue

$10.32B

est $10.14B +1.8%

Automotive revenue jumped 89% to a record $1.99 billion, offsetting a decline in handset chip revenue. Amon is calling fiscal 2027 the start of a non-handset inflection, reiterating a $5 billion data center target alongside a new Amazon AI infrastructure collaboration.

Earnings · 2026 Q4 Cristiano R Amon President & CEO, Qualcomm

4:03pm ET

Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business. Non-handset revenues are projected to grow by more than 60% year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5B.

Amon just attached a hard number to Qualcomm's push into Nvidia's territory, reaffirming a $5 billion data center target for fiscal 2027 on the Q4 earnings call. For a $183 billion company still defined by handsets, that diversification timeline is now the thing to hold management to.

Earnings · 2026 Q4 Cristiano R Amon President & CEO, Qualcomm

4:03pm ET

We are pleased to deliver fourth quarter non-GAAP revenues at the high end of our guidance, along with 36% year-over-year growth in combined QCT Automotive and IoT revenues.

Amon is pointing investors away from handsets, where global smartphone shipments keep sliding, toward automotive and IoT as the growth engine behind a fiscal fourth quarter at the top of guidance. Watch whether that mix shift holds as Qualcomm's Apple modem revenue fades.

Wall St. Engine @wallstengine

8:48am ET

Qualcomm gets a multiyear silicon and software slot inside a fourth US wireless network before it exists, with buildout starting in 2027 across tens of thousands of cell sites.

QUALCOMM TO POWER SPACEX'S NEW NATIONWIDE 5G NETWORK $SPCX has selected $QCOM to supply the chips and software for Starlink Mobile's terrestrial 5G network, with deployment beginning in 2027 across tens of thousands of U.S. cell sites under a multiyear agreement. The goal is to https://t.co/aAd37P7oRa

Replies6
Reposts10
Likes46

Sawyer Merritt @sawyermerritt

8:43am ET

Qualcomm just locked in multi-year silicon demand from tens of thousands of new ground sites, and SpaceX stops being only a satellite threat to the Big 3 carriers once terrestrial buildout starts in 2027.

Big news! SpaceX has just officially announced that they are partnering with Qualcomm to help build @Starlink Mobile's nationwide terrestrial 5G network, with deployment beginning in 2027. Under the multi-year agreement, SpaceX plans to deploy tens of thousands of cellular sites https://t.co/8vtnio27KT

Replies42
Reposts128
Likes972

Financelot @financelancelot Quote post

Oct 31, 4:49pm ET

Last week's tech flush was the bait, according to this read, with the Nasdaq sitting on its trendline into a week stacked with job openings, unemployment data and four megacap tech earnings reports.

It's going to be a busy week of economic events. Job openings, crude oil stock and unemployment. It's also a big earnings week with $AAPL, $PLTR, $AMD, $QCOM, etc. Spooking people out of tech last week could have been the perfect trap for a reversal. https://t.co/bwOnF7JLqH https://t.co/0uepqdS471 [Quoted @FinanceLancelot]: The Nasdaq is approaching the trendline this week. According to the October 2018 pattern on the S&P 500, we begin a rally on November 4th, the day after the midterms. The 2020 and 2018 patterns look strange because this chart is in log and I captured the candlesticks in https://t.co/BYTu0dYr2a https://t.co/2bUG8LaBtV

Replies2
Reposts1
Likes12

Wall St. Engine @wallstengine

Oct 30, 8:59am ET

Memory inflation is killing the budget phone, and the chip vendors levered to it are paying: Qualcomm and MediaTek each gave up three to six points of share while Apple picked up four.

Counterpoint says global smartphone processor shipments fell 21% YoY in Q3 as rising memory costs pushed manufacturers to cut cheaper models. • MediaTek's market share fell from 34% to 28% • Qualcomm's $QCOM declined from 25% to 22% • Apple's increased from 17% to 21%

Replies0
Reposts0
Likes1

Kalshi @kalshi

Oct 20, 8:00am ET

An internal memo tying global headcount cuts to annual reviews points to opex discipline heading into Qualcomm's next quarter, with handset demand already soft. Keep an eye on the stock for how much of that lands in margins.

JUST IN: Qualcomm to cut jobs globally in "performance-focused reduction" after annual reviews, internal memo shows https://t.co/98tqWIBUnq

Replies6
Reposts2
Likes42

Biggest movers · At the close Sep 28, 4:10pm ET

Gainers

AMCAMC Entertainment$3.26+10.9%
PANWPalo Alto Networks$391.51+4.5%
RBRKRubrik$113.08+3.2%
GPROGoPro$1.32+2.3%
IDXXIDEXX Laboratories$529.68+2.0%

Losers

ARMArm$284.01-8.5%
DASHDoorDash$178.15-7.9%
ACHRArcher Aviation$5.19-7.6%
QCOMQualcomm$187.7-7.1%
DUOLDuolingo$134.08-6.6%

AMC Entertainment's 10.88% jump to $3.26 was the only double-digit move of the session, and the downside was where the size was: five names finished off more than 6%, led by Arm at -8.48%. Chip and consumer-tech leaders took the brunt of it.

Biggest movers · At the close Sep 25, 4:10pm ET

Gainers

ONON Semiconductor$77.19+5.5%
FNFabrinet$418.14+5.0%
DELLDell Technologies$561.77+4.8%
QCOMQualcomm$203.09+4.5%
SMCISuper Micro Computer$43.21+4.1%

Losers

ZSZscaler$193.43-9.9%
SSentinelOne$22.34-6.8%
IRENIren$44.11-4.4%
RBRKRubrik$109.41-3.9%
PANWPalo Alto Networks$375.02-3.8%

Chips and hardware took the top five slots at Thursday's close, led by ON Semiconductor's 5.52% gain, while every big decliner but one was a cybersecurity name. Zscaler's 9.88% drop to $193.43 was the worst in the group.

QCOM Qualcomm

After-hours

Sep 21, 4:20pm ET

$194.23

+7.59% open $180.52

A 7.59% jump to $194.23 is an outsized single day for a $207 billion chipmaker, worth roughly $15 billion in market value. Moves this big rarely stay quiet into the next session, so keep an eye on the stock.