QUALCOMM Incorporated (QCOM) Q3 2026 Earnings Call Transcript
The headline numbers for Qualcomm (QCOM) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Qualcomm (QCOM) came out with quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.22 per share. This compares to earnings of $2.77 per share a year ago.
Qualcomm (QCOM) shares are inching lower in extended hours after the company reported fiscal Q3 results that reflected persistent semiconductor supply constraints. The company based out of San Diego, CA earned $2.21 per share in its third financial quarter, less than $2.23 that analysts had called for, as net income tumbled 25% year-on-year to $2 billion.
The chip company came up short on its bottom line.
Qualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations. But the chipmaker provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch for computer parts, especially memory.
Qualcomm stock price continued its strong downward trend this week, reaching its lowest level since April 30. QCOM has plunged by over 37% from its highest point this year, with its market capitalization falling from $265 billion to $171 billion.
Qualcomm Inc (NASDAQ:QCOM) is scheduled to report fiscal third-quarter earnings after the close on Wednesday, July 29.
Qualcomm (QCOM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) heads into Wednesday's Q3 earnings report on July 29 at just 15x forward earnings, despite returning billions of dollars to shareholders and expanding beyond smartphones.
Besides Wall Street's top-and-bottom-line estimates for Qualcomm (QCOM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2026.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.