Qualcomm Inc

QCOM: XNAS (USA)

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Qualcomm Earnings: Maintain $170 FVE as Ramping AI Revenue Offsets Handset Weakness

Brian Colello

Nov 4, 2026

Qualcomm reported fiscal fourth-quarter revenue of $10.3 billion, down 8% year over year but above the midpoint of guidance. Qualcomm expects December-quarter revenue of $10.8 billion, down 12% year over year but ahead of FactSet consensus estimates of $10.5 billion.

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Qualcomm Inc

Qualcomm Earnings: Maintain $170 FVE as Ramping AI Revenue Offsets Handset Weakness

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