Qualcomm stock holds steady as guidance sets the tone

Qualcomm stock is anchored by $9.95 billion in quarterly revenue and Q4 2026 EPS guidance of $2.05 to $2.25. The shares last traded at $164.29 with a market cap of $172.44 billion.

Qualcomm Inc. (US7475251036) is trading with a clear earnings frame after reporting $9.95 billion in revenue for the quarter ended July 29, 2026, while adjusted earnings came in at $2.21 a share versus $2.23 expected. The company also kept Q4 2026 EPS guidance at $2.05 to $2.25, which gives the stock a defined range into the next results window.

Revenue beat, earnings miss

The quarter ended July 29, 2026 produced a mixed result: revenue of $9.95 billion topped the $9.69 billion consensus, while EPS missed by $0.02. That combination matters more than the headline miss because it shows demand held up better than the bottom line on the same report.

Margin metrics also stayed elevated, with net margin at 21.01% and return on equity at 38.36% in the same report. Analysts now point to full-year EPS of 7.74, which puts the latest quarterly run rate in a useful context for valuation and expectations.

Market data stays firm

MarketWatch showed Qualcomm at $164.29, up 0.06%, with a 52-week range of $121.99 to $259.92 and a market cap of $172.44 billion as of August 28, 2026. The same snapshot listed a trailing P/E of 19.00 and a dividend of $0.92 per share.

That price sits much closer to the lower half of the 52-week band than to the high, even after the latest earnings print. For investors, the mix of a modest daily move, a 19.00 multiple, and a 2.24% yield keeps attention on earnings durability rather than on near-term momentum.

Product reach

Qualcomm's chipset business spans premium smartphones, connected PCs, automotive systems, and connected devices. That spread matters because the quarterly revenue line of $9.95 billion is not tied to one end market alone, and the guidance band of $2.05 to $2.25 per share leaves room for segment mix to do the work.

Stock level to watch

At $164.29, Qualcomm stock is trading as a valuation story built around earnings execution, not a pure growth rerating. The next reported quarter and the current guidance range will decide whether the stock keeps holding above the recent level or reverts toward the lower end of its year-long band.

Fact box

Company: Qualcomm Inc.
ISIN: US7475251036
Ticker: QCOM
Exchange: Nasdaq
Price (as of August 28, 2026, 7:59 p.m. ET): $164.29 USD
Market cap: $172.44 billion (as of August 28, 2026)
Sector / Industry: Information Technology / Semiconductors
Index membership: Nasdaq-100