Qualcomm reports Q3 EPS below expectations and Q4 adjusted EPS outlook below consensus
Qualcomm reported third-quarter fiscal 2026 revenue above the referenced estimate, while adjusted EPS came in below expectations and the company provided a fourth-quarter adjusted EPS range below consensus.
- Qualcomm reported Q3 fiscal 2026 adjusted EPS of 2.21 versus 2.23 expected, with revenue of 9.95bln versus 9.68bln expected.
- The company provided Q4 adjusted EPS guidance of 2.05-2.25 versus the referenced expectation of 2.36.
- QCOM recorded a measured 15-minute share decline of 5.23% following the earnings headline, with 3K shares traded during the measured window.
16:00:15 ET
Reaction by asset (real prices)
| Asset | 2m before | At release | +1m | +10m | +1m % | +10m % | Vol vs normal |
|---|---|---|---|---|---|---|---|
| QCOM | 156.01 | 159.95 | 149.10 | 147.85 | -4.43% | -5.23% | 96.8× normal |
Qualcomm reported third-quarter fiscal 2026 results with adjusted EPS of 2.21 versus 2.23 expected and revenue of 9.95bln versus 9.68bln expected. The company also provided fourth-quarter adjusted EPS guidance of 2.05-2.25, compared with the referenced expectation of 2.36.
Quarterly results and outlook
The earnings release provided investors with two key reported figures: quarterly revenue that exceeded the referenced estimate and adjusted earnings per share below the referenced expectation. Qualcomm's fourth-quarter adjusted EPS outlook established a range of 2.05-2.25 compared with the consensus figure included in the earnings headline.
Qualcomm had scheduled its third-quarter fiscal 2026 earnings release and conference call through its investor relations website. Qualcomm's investor relations announcement provided the timing of the earnings event and related conference call details.
Observed market response
Following the earnings headline, QCOM recorded a measured 15-minute share decline of 5.23%. The observed reaction window showed QCOM at 159.95 at the release timestamp, 149.10 one minute after the headline and 147.85 at the end of the measured window. The same window recorded 3K shares traded.
The measured reaction is an observed market response after the earnings headline. The available evidence does not establish that any specific earnings item alone caused the share movement.
Reported business factors
Qualcomm's quarterly update included discussion of its business outlook and operating factors. Reuters reported that the company addressed higher supply chain costs and changes affecting parts of its outlook in connection with the quarterly update. Reuters coverage of Qualcomm's earnings update described management comments and the company's fourth-quarter outlook.
Qualcomm remains a US-listed semiconductor company reporting results across its business segments. The company has also published materials describing longer-term initiatives, including diversification efforts. Qualcomm investor materials provide the company's stated strategy and business priorities.
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