Qualcomm stock advances as data-center growth offsets handset pressure

Published on 11/11/2026 at 17:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock advances as investors weigh handset weakness against automotive and data-center expansion. Margin execution remains central.

Qualcomm's diversification faces a new test

Handset chip revenue fell sharply in fiscal fourth-quarter results, while automotive growth provided a counterweight.
Management is targeting rapid data-center expansion in fiscal 2027.
Investors are watching margins, pricing actions and the execution of new data-center products.

Qualcomm, US7475251036, Illustration mit AI erstellt.

Qualcomm stock traded at 159.29 euros on Lang & Schwarz at 17:38 CET on Wednesday, November 11, 2026. That was 4.42 percent above the 152.55-euro quote recorded in the previous AD HOC NEWS report on Tuesday, November 10, at 17:05 CET.

The move comes as Qualcomm enters fiscal 2027 with a sharper contrast between its handset business and newer growth areas. In its latest analysis, AD HOC NEWS reported that handset chip revenue fell 26 percent year over year to 5.14 billion US dollars in the fiscal fourth quarter, while automotive revenue rose 89 percent to 1.99 billion US dollars.

Data center growth carries execution risk

Management has reiterated a 5 billion US dollar data-center revenue target for fiscal 2027. The expansion is intended to reduce Qualcomm's reliance on smartphones, but the transition requires product shipments, customer conversions and sustained investment.

Higher costs for wafer fabrication, assembly, testing, advanced packaging and memory are also putting pressure on profitability. Qualcomm is using pricing actions to offset the increase, while the full benefit for QCT gross margins is expected later in fiscal 2027.

What investors should watch next

The next quarterly update is expected to provide evidence on data-center deliveries, QCT margins, pricing benefits and the impact of Apple's modem transition. The December-quarter outlook also points to continued pressure on handset revenue as the company builds its non-handset portfolio.

Technology-sector sentiment and artificial-intelligence infrastructure spending remain relevant for US semiconductor shares; see the S&P 500 market reports.