● IndustryNov 5, 2026 · 20:386 sources
Qualcomm Shares Sink More Than 10% After Fourth-Quarter Smartphone Revenue Slump
From marketbrief.now
AI;DR
Qualcomm's stock fell over 10% after its fourth-quarter handset chip revenue dropped 26% to $5.14B, despite overall adjusted revenue of $10.44B and earnings of $2.17 per share. The company reported an 89% increase in automotive revenue to $1.99B and projected first-quarter data center sales above $650M, citing supply constraints as a limit on data center growth. Qualcomm also noted that baseline gross margins are expected to return to the 48% to 50% range once pending price increases are implemented.
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- SUPPORT@thetranscript_“Qualcomm CEO: "We are pleased to deliver fourth quarter non-GAAP revenues at the high end of our guidance, along with 36% year-over-year growth in combined QCT Automotive and IoT revenues"”x.com
- SUPPORT@realnickmugalli“FY capex: $2.49bn vs $1.86bn est”x.com
- SUPPORT@patrickmoorhead“Data center is real: $650M+ guided for December, up every quarter to a $7B+ exit, $5B FY27 reaffirmed.”x.com
- SUPPORT@patrickmoorhead“data center is now a supply question, not a demand question”x.com