StocksMediumUpdated×3•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Qualcomm Stock Drops to $157.62 as Handset Revenue Plummets 26%
Key Facts
1Asian semiconductor stocks declined following disappointing financial results from Qualcomm and Arm.
Qualcomm's handset revenue dropped by 26%, leading to a further decline in the company's stock price. Investing.com reported that the slump in core mobile revenue coincided with light forward guidance that weighed heavily on investor sentiment.
Qualcomm closed at $157.62 on November 5, 2026. This closing price follows a previous session high of $174, as broader concerns persist across the semiconductor sector following results from both Qualcomm and Arm.