QUALCOMM Incorporated · QCOM · Next earnings

QUALCOMM Incorporated reports Wednesday, Nov 4, 2026

QCOM reports after market close with consensus EPS at $2.19 and revenue at $10.15B. Last quarter: Qualcomm Beats on Automotive Strength as Handset Headwinds Persist

Reports After market close45 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.19 Calendar consensus
Consensus revenue $10.15B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session After market close 45 days away

Where QCOM left off: FY2026 Q2

Full report

Qualcomm Beats on Automotive Strength as Handset Headwinds Persist

EPS surprise +3.5% Reported $2.65 vs $2.56
Revenue surprise +0.1% Reported $10.60B vs $10.59B
Stock move +15.1% Event window
Subsequent drift +39.8% Up to 20 sessions

Q3 guidance was maintained at revenue of $9.2 to $10.0B and EPS of $2.10 to $2.30, reflecting continued memory headwinds but confidence in a Chinese handset bottom. This represents an improvement in tone from Q1, when guidance was lowered. Management's bullish score rose from 70 to 78 quarter over quarter, and guidance sentiment shifted from lowered to maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Ongoing memory industry dynamics could continue to affect handset demand and pricing through Q3 and beyond.
  • Uncertainty around the timing and magnitude of Chinese handset market recovery.
  • Competitive pressure from Intel and NVIDIA in data-center CPUs and accelerators.
  • Execution risk on the custom silicon ramp and fifth-generation automotive platform launch.
  • Regulatory and tax uncertainties, including AMT valuation allowance reversal implications.

Questions analysts left open

  • Details of the custom silicon engagement with the hyperscaler: scope, revenue potential, and timeline.
  • Timing and magnitude of the Chinese handset bottom and whether Q3 guidance adequately captures it.
  • Impact of memory shortages on Q3 and Q4 handset revenue.
  • Competitive positioning versus Intel and NVIDIA in the data-center market.
  • Future share of Snapdragon in Samsung and Apple premium smartphones.

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Recent QCOM quarters

All QCOM earnings
+15.1%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.