Qualcomm Earnings Q4 2026: Stock Plunges 12% As Handset Sales Crash 26%
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Qualcomm shares dropped more than 12% on Thursday after the chipmaker issued weak first-quarter guidance and reported a 26% decline in handset sales, its largest business. The company narrowly beat fourth-quarter profit forecasts but guided first-quarter adjusted earnings to $2.15–$2.35 per share versus $2.27 expected, with revenue of $10.4 billion–$11.2 billion. The soft outlook dragged down chip stocks broadly, underscoring persistent weakness in smartphone demand. Investors will watch whether handset orders stabilize and how Qualcomm's diversification into automotive and PC chips offsets the mobile slump.
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