EL7.AI
StocksMediumUpdated×3•Originally published 4 November 2026•Updated 4 November 2026•
1 min read

Qualcomm Handset Revenue Drops 26% as Stock Falls in Extended Trading

Key Facts

1Qualcomm issued a disappointing earnings forecast for the upcoming quarter due to memory shortages impacting smartphone sales.
2Chip sales fell in the current quarter even after the company implemented price increases.

Qualcomm's handset unit revenue fell 26% to $5.14 billion in the fourth quarter. The results missed analyst estimates of $5.25 billion as global memory shortages continued to weigh on chip sales and smartphone production.

QCOM shares dropped 4% in extended trading following the announcement, after the stock had closed at $164.43 on November 3, 2026. The revenue miss highlights ongoing supply chain constraints that have impacted production for major manufacturers including Apple.

Latest Updates · 2

  1. Notable·

    Update: Qualcomm's total fourth-quarter revenue declined 8% to $10.32 billion. A sharp increase in automotive chip sales helped mitigate the impact of the revenue drop in the handset division.

  2. Notable·

    Update: Qualcomm shares fell 3% following the forecast as handset revenue missed analyst estimates. The decline occurred alongside rising operational costs that impacted the company's financial performance during the current period.

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