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QCOM Nears $160 Support Ahead of Earnings, Could Fall Another 13%

QCOM Nears $160 Support Ahead of Earnings, Could Fall Another 13%

TradingKey – Qualcomm (QCOM) will report its fourth-quarter and full-year fiscal 2026 financial results after the U.S. market close on November 4, with the earnings call scheduled for 4:45 p.m. Eastern Time. The market currently expects the company’s fourth-quarter revenue to be approximately $10.14 billion, down 10% year-over-year, and adjusted earnings per share to be approximately $2.17, down nearly 28% year-over-year.

Qualcomm remains in a phase of business transformation, with smartphone chips and licensing operations remaining its main revenue sources. However, rising memory prices, slowing end-market demand, and Apple’s gradual adoption of in-house modems are weakening the growth foundation of its traditional businesses. Wall…

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