Qualcomm stock gets a new Huawei patent licensing dealik

Published on 10/05/2026 at 23:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock is tied to a Huawei patent deal covering 5G, AI and networking announced on October 5, 2026. Q3 revenue reached USD 9.947 billion.

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Qualcomm stock (ISIN US7475251036) closed at USD 184.87 on Nasdaq on October 2, 2026, gaining 1.53 percent from the prior session. The company then announced a multi-year patent licensing agreement with Huawei on October 5, covering 5G, compute, artificial intelligence and networking, according to EQS News.

Huawei deal broadens patent reach

The agreement gives both companies cross-licenses to their patent portfolios and includes Qualcomm's purchase of selected Huawei patents covering compute, AI and networking. The transaction remains subject to regulatory approvals, so the announcement establishes a strategic framework rather than an immediately completed transaction, EQS News reported on October 5, 2026.

The licensing link matters because Qualcomm combines a semiconductor business with a large wireless patent portfolio. The Huawei agreement adds a fresh cross-licensing relationship in AI and networking while keeping the financial terms undisclosed.

Q3 revenue fell 4 percent

Qualcomm reported USD 9.947 billion of revenue in fiscal Q3 2026, down 4 percent from USD 10.365 billion in the year-earlier quarter. GAAP diluted EPS was USD 1.87, while non-GAAP diluted EPS was USD 2.21 and missed the USD 2.23 consensus estimate, according to MarketBeat in its October 2, 2026 report.

The latest quarterly mix shows why licensing and non-handset growth remain important. Automotive revenue rose 61 percent year over year to USD 1.588 billion in fiscal Q3 2026, while handset revenue fell 20 percent to USD 5.086 billion, according to TradingView.

Consensus target sits above USD 184.87

A 37-analyst consensus assigns Qualcomm a Hold rating and an average 12-month price target of USD 194.13. That target lies 5.0 percent above the October 2 Nasdaq close of USD 184.87, while the published ratings include 11 Buy, 23 Hold and 3 Sell views, according to Financhill, updated October 1, 2026.

Qualcomm stock stays below its yearly high

Qualcomm was last at USD 184.87 on Nasdaq on October 2, 2026, with a market capitalization of USD 194.2 billion. Its 52-week range was USD 121.99 to USD 259.92, placing the close 28.9 percent below the high.