Qualcomm stock gains 1.53 percent as Apple deal extends into 2027

Published on 10/03/2026 at 22:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock gained 1.53 percent on October 2, 2026, as its Apple licensing deal was extended through 2027. Quarterly revenue reached USD 9.95 billion.

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Qualcomm stock (ISIN US7475251036) was last at USD 184.87 on Nasdaq on October 2, 2026, up 1.53 percent from USD 182.09. The immediate catalyst was an Apple licensing extension that begins April 1, 2027, preserving a major patent relationship beyond the current agreement.

Apple agreement extends into 2027

As East Bay Times reported on October 2, 2026, Qualcomm confirmed the extension during its Snapdragon Summit after the existing agreement was scheduled to expire on April 1, 2027. The article said Bernstein analyst Stacy Rasgon estimated annual revenue from the deal at USD 1.5 billion to USD 1.7 billion, while noting that the official statement provided limited commercial detail.

That combination matters because Qualcomm is balancing a durable licensing stream against pressure to diversify beyond handset chips. The company also used the September 22-24, 2026, Snapdragon Summit to present new smartphone silicon designed for agentic artificial intelligence in phones, glasses and earbuds.

Revenue beats estimates but declines

MarketBeat reported on October 2, 2026, that Qualcomm's latest quarterly revenue reached USD 9.95 billion, above the USD 9.69 billion estimate. Revenue still fell 4.0 percent year over year, while reported EPS of USD 2.21 missed the USD 2.23 consensus by USD 0.02.

The same report said Qualcomm set fourth-quarter 2026 EPS guidance at USD 2.050-2.250. That range puts execution in the handset business alongside the Apple licensing extension and the company's push into automotive, connected computing and data-center products.

Stock remains below yearly high

Qualcomm's October 2, 2026, session high was USD 188.95 and its low was USD 183.36, with volume of 10,092,090 shares. The 52-week range was USD 121.99 to USD 259.92, leaving the reference price USD 75.05 below the yearly high, or 28.88 percent.

Market capitalization stood at USD 194.1 billion as of October 2, 2026. For investors, the key numerical tension is clear: the stock gained 1.53 percent in the latest session even as quarterly revenue declined 4.0 percent year over year and adjusted earnings missed consensus by USD 0.02.

Qualcomm stock trades at USD 184.87

Qualcomm stock was last at USD 184.87 on Nasdaq on October 2, 2026, at 4:00 p.m. ET. The market is weighing the extended Apple relationship against the company's revenue transition toward AI, automotive and data-center opportunities.