Investors are cheering Qualcomm Inc (QCOM) on Thursday after the semiconductor titan unveiled new mobile phone chips – the Snapdragon 6 Gen 5 and the Snapdragon 4 Gen 5. The upward momentum drove QCOM's relative strength index (RSI) into the early 80s, indicating “overbought” conditions that often precede a near-term pullback.
QCOM beat EPS, but revenue slipped and missed slightly. Record auto sales offset weak handsets, high R&D and rising competitive pressure.
Qualcomm (QCOM) has largely missed the boat in the semiconductor surge driven by AI.
I'm opening with the verdict because the data deserves it. Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) just delivered a Q2 FY26 beat, and our proprietary model now points meaningfully higher from here.
Zacks.com users have recently been watching Qualcomm (QCOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of Qualcomm Incorporated NASDAQ: QCOM have surged following their latest earnings report on Wednesday, April 29, pushing the stock into extremely overbought territory on a technical basis.
Qualcomm ( QCOM ) delivered another quarterly report card last week telling the same old story: declining hand-set numbers and overall falling sales and profit. Q2 FY 2026 (ends Sep) non-GAAP earnings of $2.65 per share topped the Zacks Consensus Estimate of $2.57 by 3.1% but declined 7% year over year.
Qualcomm (NASDAQ: QCOM | QCOM Price Prediction) has gained roughly 34% in the past week and more than 42% over the past month, closing April at $179.58 after a Q2 FY26 report sent shares from $149.85 to $180.375 shortly after filing.
Shares of Qualcomm surged on Thursday as investors looked past a modest earnings beat and focused instead on the company's growing ambitions in data center chips and signs of a potential recovery in the smartphone market. The stock jumped more than 18%, as optimism around diversification efforts helped offset concerns about near-term headwinds in its core handset business.
Shares of Qualcomm Inc (NASDAQ:QCOM, XETRA:QCI) rose 12.6% on Thursday morning after the San Diego-based chipmaker reported second-quarter fiscal 2026 results that edged past analyst expectations, as surging automotive revenue and a broadening artificial intelligence strategy offset weakness in its handset business and a cautious near-term outlook. The San Diego-based chipmaker posted revenue of $10.6 billion against an estimate of $10.56 billion, while adjusted earnings per share came in at $2.65, ahead of the $2.55 consensus.
Qualcomm reported weak FQ2 results due to weak Handset sales, but the AI data center opportunities aren't yet fully priced into the stock. The wireless company already has strong sales in the Automotive and IoT segments, generating over $3 billion in non-Handset revenue. Qualcomm announced a $20 billion share buyback and increased dividend, highlighting robust capital returns, with buybacks set to retire over 10% of shares outstanding.
Qualcomm shares jumped 10.3% before the bell on Thursday, as investors latched on to the chief executive's optimism about a recovery in its smartphone business and data center opportunities, eclipsing a weak third-quarter forecast.