Qualcomm stock rose sharply after CEO Cristiano Amon talked about a custom data-center chip and the smartphone market.
While the top- and bottom-line numbers for Qualcomm (QCOM) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Qualcomm (QCOM) came out with quarterly earnings of $2.65 per share, beating the Zacks Consensus Estimate of $2.57 per share. This compares to earnings of $2.85 per share a year ago.
Qualcomm shares surged as CEO Cristiano Amon said that it would begin shipping data center chips to "a large hyperscaler" within the calendar year. The stock initially sank after the chipmaker reported second-quarter earnings that topped Wall Street estimates but fell short on Q3 guidance.
Investors are looking beyond the current quarter at hints of meaningful AI opportunity ahead.
The semiconductor company posted a profit of $7.37 billion as it contends with pressure from a shortage of memory supply.
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Qualcomm stock (NASDAQ: QCOM) heads into Wednesday's earnings with the market asking some familiar questions. The investors will keep a close eye on the earnings report to assess if it can finally unlock the QCOM stock, or serve as another reminder that the shares have a ceiling.
Qualcomm Incorporated is positioned as a compelling AI-driven opportunity, especially with news of a potential partnership with OpenAI for an AI agent phone. QCOM trades at a 50% discount to sector median multiples, reflecting market skepticism about growth post-2026 and recent negative sentiment after losing Apple as a customer. Despite headwinds, QCOM demonstrates resilience with record $12.3B revenues and $3.50 non-GAAP EPS while expanding in automotive, AI, and data center segments.
Shares in Qualcomm Incorporated (Nasdaq: QCOM) are surging in premarket trading this morning after reports emerged that the company may be on the cusp of a deal with artificial intelligence giant OpenAI.
Qualcomm Incorporated QCOM is scheduled to report second-quarter fiscal 2026 earnings on April 29. The Zacks Consensus Estimate for revenues and earnings is pegged at $10.62 billion and $2.57 per share, respectively.
Shares of Qualcomm Inc (NASDAQ:QCOM) are surging 11% to trade at $148.85 this morning, after reports surfaced that the company is partnering with OpenAI to supply processing chips for smartphones.