Qualcomm (NASDAQ:QCOM) surprises with Q3 sales but stock drops
Wireless chipmaker Qualcomm (NASDAQ:QCOM) reported revenue ahead of Wall Street’s expectations in calendar Q3 2026 (fiscal Q4 2026), but revenue fell by 8.4% year on year to $10.32 billion. Revenue guidance for next quarter was $10.8 billion at the midpoint, 2.6% above analysts’ consensus estimates. Its non-GAAP profit of $2.17 per share was in line with analysts’ consensus estimates.
Wireless chipmaker Qualcomm (NASDAQ:QCOM) reported revenue ahead of Wall Street’s expectations in calendar Q3 2026 (fiscal Q4 2026), but revenue fell by 8.4% year on year to $10.32 billion. Revenue guidance for next quarter was $10.8 billion at the midpoint, 2.6% above analysts’ consensus estimates. Its non-GAAP profit of $2.17 per share was in line with analysts’ consensus estimates.
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