Semiconductor developer Qualcomm (QCOM) will launch its first-quarter fiscal 2026 outcomes after market shut in the present day, February 4. Analysts count on declining earnings and modestly rising revenues, which might have a adverse impact on the corporate’s inventory. Within the final yr, shares have been down over 13%, with every month seeing a downtick in worth. There may be an rising thought amongst some analysts that the latest decline may very well be seen as a purchase alternative, particularly if Q1 2026 earnings go properly.
Wall Avenue expects Qualcomm to submit adjusted earnings per share of $3.39, decrease than the prior yr interval’s determine of $3.41. Gross sales are forecast to rise 3.8% year-over-year to $12.12 billion. Notably, QCOM has overwhelmed earnings expectations for eight straight quarters. Buyers will examine outcomes towards the corporate’s steering. In its This autumn FY25 earnings, Qualcomm projected Q1 revenues of $11.8 to $12.6 billion, QCT projected between $10.3 and $10.9 billion, and adjusted EPS of $3.30–$3.50.
Ought to Qualcomm (QCOM) outperform earnings projections, the inventory might lastly begin its rebound. The inventory stays extremely reactive to handset market cues, so the corporate’s steering for Q2 is predicted to hold extra weight than the precise outcomes. An outperformance plus higher steering for Q2 might assist flip QCOM.
Cantor Fitzgerald’s C.J. Muse lowered his worth goal on Qualcomm to $160 from $185, sustaining a Impartial ranking forward of the chipmaker’s quarterly report. Cantor anticipates Qualcomm will submit stable December-quarter outcomes however warns of a weaker outlook afterward. The agency expects March-quarter steering to come back in “modestly under consensus” and June-quarter steering to be “properly under consensus.”
