Qualcomm stock faces a November 4 results checkpoint

Published on 10/06/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock was trading at USD 180.71 on October 6, 2026, while fiscal Q3 revenue reached USD 9.947 billion. The November 4 report is next.

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Qualcomm stock was trading at USD 180.71 on Nasdaq at 12:11 p.m. ET on October 6, 2026, giving the chipmaker a market capitalization of USD 189.7 billion. The next results date is November 4, 2026, according to Simply Wall St.

November 4 is the next checkpoint

Qualcomm's fiscal fourth-quarter update will test whether its diversification can offset pressure in the handset business. The company guided fiscal Q4 revenue to USD 9.7 billion to USD 10.5 billion, a range carried by TickerScout from Qualcomm's July 29, 2026 filing and earnings update.

The guidance follows fiscal Q3 revenue of USD 9.947 billion, down from USD 10.365 billion in fiscal Q3 2025. TickerScout also lists fiscal Q3 GAAP diluted EPS of USD 1.87 and non-GAAP diluted EPS of USD 2.21, making the earnings mix an important part of the November review.

Apple royalties cushion handset pressure

Qualcomm extended its global patent licensing agreement with Apple, with the renewed arrangement taking effect on April 1, 2027. Reuters reported on September 24, 2026, that the deal supports Qualcomm's licensing relationship even as Apple works to reduce its dependence on Qualcomm modem chips.

That split explains the stock debate: licensing revenue receives a longer contractual runway, while chip revenue faces a shrinking Apple contribution. Qualcomm's expansion into automotive, Internet of Things and data-center silicon therefore has to carry more of the growth narrative in the next reporting cycle.

Consensus target stays above the price

Consensus data from Futunn on October 4, 2026, covered 21 analysts and showed a Hold rating distribution, with an average 12-month price target of USD 196.95. That target lies 9.0 percent above the October 6 price of USD 180.71, while the published range runs from USD 159.00 to USD 400.00.

For investors, the November report has two measurable tests: whether fiscal Q4 revenue reaches the USD 9.7 billion to USD 10.5 billion guide and whether non-handset growth can balance the year-over-year decline in fiscal Q3 revenue.

Qualcomm stock trades below its yearly high

Qualcomm stock was trading at USD 180.71 on Nasdaq at 12:11 p.m. ET on October 6, 2026. The 52-week range was USD 121.99 to USD 259.92, placing the quote below the annual high while the November 4 results date approaches.