Qualcomm reported fiscal fourth-quarter 2026 revenue of $10.32 billion on November 4, down 8% from a year earlier. Handset chip revenue fell 26% to $5.14 billion, while automotive revenue rose 89% to Qualcomm reported fiscal fourth-quarter 2026 revenue of $10.32 billion on November 4, down 8% from a year earlier. Handset chip revenue fell 26% to $5.14 billion, while automotive revenue rose 89% to

Qualcomm (QCOM) Q4 FY2026 Earnings: Handset Revenue Falls 26% as Automotive Hits a Record $2 Billion

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Author: MEXC Editorial Team

2026/11/05 13:08

Qualcomm reported fiscal fourth-quarter 2026 revenue of $10.32 billion on November 4, down 8% from a year earlier. Handset chip revenue fell 26% to $5.14 billion, while automotive revenue rose 89% to a record $1.99 billion. Non-GAAP EPS was $2.17, one cent above the $2.16 estimate.

QCOM closed the regular session at $173.19, up 5.3%, then fell 7.4% after hours to $160.37 by 8:00 p.m. ET. The QCOMSTOCK_USDT futures on MEXC kept trading after the extended session and were at 157.41 USDT at 11:00 p.m. ET, down 8.7% from their 4:00 p.m. price.

Qualcomm Q4 FY2026 Results vs Estimates

Revenue: $10.32 billion GAAP and $10.44 billion non-GAAP, down 8% and 7% year over year, per Qualcomm's Q4 FY2026 earnings release
Non-GAAP EPS: $2.17 vs $2.16 (slight beat), down 28% from $3.00; GAAP diluted EPS was $1.17
Q1 FY2027 revenue guidance: $10.4 billion–$11.2 billion; the $10.8 billion midpoint is above the $10.48 billion estimate
Q1 FY2027 non-GAAP EPS guidance: $2.15–$2.35; the $2.25 midpoint is below the $2.27 estimate

Estimates are LSEG figures reported by CNBC. A Q4 revenue consensus was not available in the sources we checked.

Key Takeaways

Handset revenue fell by $1.82 billion year over year, more than the drop in total chip (QCT) revenue.
Automotive revenue topped $2 billion in a quarter for the first time.
Qualcomm projects non-handset revenue to grow more than 60% in fiscal 2027 and reiterated a $5 billion fiscal 2027 data center revenue target.
Q1 EPS guidance came in slightly below the estimate at the midpoint.
After seven of Qualcomm's last eight reports, the stock closed lower the next day.

Why Did Qualcomm Stock Fall After Hours?

The shares had risen 5.3% in the regular session before the release. After the report, the stock fell to $164.33 (-5.1%) by 4:15 p.m. ET and reached a low of $158.29 (-8.6%) at 5:20 p.m., based on one-minute data from Yahoo Finance.

The report showed a mix that cut both ways. Revenue was at the high end of guidance, according to CEO Cristiano Amon, but handset revenue, still the largest business, fell 26%.

Profitability also fell. Non-GAAP EPS dropped 28% year over year, and the Q1 EPS guidance midpoint of $2.25 was below the $2.27 estimate.

The stock ended the extended session at $160.37, down 7.4%. After-hours volume is thin, and the November 5 regular session can differ.

Qualcomm Q4 FY2026 Revenue by Segment

Handsets: $5.14 billion, down 26% from $6.96 billion
Automotive: $1.99 billion, up 89% from $1.05 billion (record)
IoT: $1.89 billion, up 4% from $1.81 billion
QCT total: $9.02 billion, down 8%
QTL (licensing): $1.30 billion, down 7%

Qualcomm said it renewed long-term licensing agreements with Apple, Huawei and Transsion and announced a multi-generational AI data center collaboration with Amazon.

For fiscal 2026, GAAP revenue was $43.12 billion, down 3%. Qualcomm returned $2.0 billion to shareholders in Q4 through $1.01 billion of buybacks and $987 million of dividends.

What Is Qualcomm's Guidance for Q1 FY2027?

Revenue of $10.4 billion–$11.2 billion
QCT revenue of $9.0 billion–$9.6 billion and QTL revenue of $1.3 billion–$1.5 billion
Non-GAAP EPS of $2.15–$2.35 and GAAP EPS of $1.03–$1.23

Amon said fiscal 2027 "marks the start of our non-handset revenue inflection, including the ramp of our Data Center business." The 60% growth projection and the $5 billion data center figure are company targets, not reported revenue.

How Has QCOM Stock Reacted to Past Earnings?

Next-day moves after the last four reports, based on Nasdaq closing prices:

July 2026: opened -5.9%, closed -2.6%
April 2026: opened +10.3%, closed +15.1%
February 2026: opened -10.7%, closed -8.5%
November 2025: opened -1.1%, closed -3.6%

Across the last eight reports, the stock fell the next day seven times and rose once. The average next-day move was 6.3% in either direction, by our calculation.

How QCOM Futures Reacted on MEXC

The QCOMSTOCK_USDT perpetual futures on MEXC kept trading after the U.S. extended session closed. Figures below come from MEXC's public futures API (hourly candles).

Price: QCOM futures closed the 3:00–4:00 p.m. ET hour at 172.44 USDT. In the release hour they ranged from 159.85 (-7.3%) to 181.36 (+5.2%) and closed at 164.47 (-4.6%). They were at 160.51 (-6.9%) at 8:00 p.m. and 157.41 (-8.7%) at 11:00 p.m. ET.
Turnover: about 84,000 USDT in the release hour, 7.7 times the average hourly turnover of the prior 24 hours. Turnover from 4:00 to 11:00 p.m. ET totaled about 145,000 USDT.
Premium to index: after the release, hourly closes stayed within about 13 basis points of the index price.
Funding: funding settles every 8 hours. The rate was close to zero before the release and 0% at the first settlement after it, at 00:00 UTC on November 5.

The futures followed the stock's after-hours path, with a brief spike in the release hour and then a steady decline. Each hourly close from 6:00 to 11:00 p.m. ET was at or below 162 USDT.

MEXC QCOMSTOCK_USDT hourly closes and turnover from 7:00 a.m. to 11:00 p.m. ET on November 4, 2026. Source: MEXC public futures API.

Following QCOM Through MEXC

The QCOMSTOCK_USDT perpetual futures offer a market to follow Qualcomm around earnings and outside Nasdaq hours. Settled in USDT, they can be traded long or short; see how to trade stock futures on MEXC.

Eligible users can buy U.S.-listed shares through MEXC RealStocks, which works with licensed broker partners.

Perpetual futures do not give shareholder rights, and they carry funding, leverage and liquidation risk.

FAQ

Why is Qualcomm stock down after earnings?

Handset revenue fell 26%, non-GAAP EPS fell 28% year over year, and the Q1 EPS guidance midpoint was slightly below estimates. The stock was down 7.4% after hours at 8:00 p.m. ET.

Did Qualcomm beat earnings expectations in Q4 FY2026?

Narrowly. Non-GAAP EPS of $2.17 was one cent above the $2.16 estimate.

What is Qualcomm's Q1 FY2027 guidance?

Revenue of $10.4 billion–$11.2 billion and non-GAAP EPS of $2.15–$2.35.

How much did Qualcomm's automotive revenue grow?

Automotive revenue rose 89% to a record $1.99 billion, Qualcomm's first $2 billion automotive quarter.

How does QCOM stock usually react to earnings?

After the last eight reports, QCOM fell the next day seven times and rose once, with an average move of 6.3% either way.

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