Equity Profile

QCOM

QUALCOMM Incorporated

Information TechnologySemiconductors$222.4B

Apr29Wed

Post-Earnings Recap

ReportedQ2-2026After Close4:02 PM EDT

Qualcomm Beats on EPS, Stock Up 4.0%

Metric	Actual	Expected	Surprise
EPS	$2.65	$2.56	+39.84%
Revenue	N/A	$10.6B	N/A

management commentary, guidance changes, and full analysis available with Pro.

Qualcomm Beats on EPS, Stock Up 4.0%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$2.65	$2.56	+39.84%
Revenue	N/A	$10.6B	N/A

Management Commentary

Tone: Unknown

No transcript is on record for the earnings call, so the analysis is based solely on numerical results.

What It Means

Qualcomm's strong earnings per share performance exceeded expectations, which contributed to a 4% increase in stock price. However, the lack of revenue data and guidance leaves some uncertainty about future performance. Investors may be encouraged by the earnings beat but will be looking for more information in future reports.

Company Snapshot

QUALCOMM Incorporated is a leading technology company in the semiconductor sector, known for its innovations in mobile communication and connectivity. With a market cap of $164 billion, it plays a crucial role in powering smartphones and other devices, making it significant in the ongoing digital transformation and the rise of 5G technology.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors closely watch.

$2.56

Revenue

Revenue growth reflects the company's ability to generate sales and is critical for assessing overall business health.

$10.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+32.15%

Avg Stock Reaction

+2.83%

Last Quarter Recap

In the last quarter, QUALCOMM reported an EPS of $3.50, significantly exceeding expectations by nearly 25%. This strong performance contributed to a positive market reaction, with the stock rising by 1.16% the following day.

Management Promises & Guidance

Continued focus on expanding 5G technology adoption.
Commitment to enhancing product offerings in the automotive and IoT sectors.
Plans to maintain strong margins despite competitive pressures.

Expectations

Wall Street Expectations

Wall Street anticipates another strong quarter for QUALCOMM, with expectations of solid earnings and revenue growth. Analysts are particularly focused on how the company navigates the competitive semiconductor landscape.

Bull Case

If QUALCOMM beats EPS and revenue estimates, it could signal robust demand for its products, especially in 5G and IoT markets, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations, it may raise concerns about market saturation and competitive pressures, potentially leading to a decline in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.56

EPS is a key indicator of the company's profitability and performance, which investors closely watch.

Revenue

$10.6B

Revenue growth reflects the company's ability to generate sales and is critical for assessing overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will QUALCOMM's EPS exceed the consensus estimate of $2.56?

A beat on EPS would reinforce the company's strong performance trend and could boost investor confidence.

How does QUALCOMM plan to address competitive pressures in the semiconductor market?

Understanding management's strategy in a competitive landscape is crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of QUALCOMM's advancements in 5G technology, which could drive higher-than-expected demand.

Supporting Evidence

Recent strong performance in previous quarters suggests a trend of exceeding expectations.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Insider selling could reflect confidence in the company's long-term strategy rather than immediate concerns.

Key Risk

If the company reports strong demand for its 5G products, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether QUALCOMM can sustain its growth amid increasing competition and market saturation.

Bull Confirmed If

An EPS of $2.60 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $2.50 would validate the bear case, raising concerns about market challenges and demand.

Pre-Earnings Positioning

Options Market

Implied Move

±8.43%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting heightened investor uncertainty or anticipation.

Options are pricing ±8.4% while QCOM has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.4%

30d HV

32.2%

Calls (9.2M)P/C Ratio: 0.31Puts (2.2M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$325,854.09

2,500 sh

1 insider

Net

$325,854.09

Net selling

Most Active Insiders· 2 open-market trades

EVP, CFO & COOPalkhiwala Akash J.
$325,854.09

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QUALCOMM beats expectations, history suggests a potential stock increase of around 2.20%, confirming strong demand in key markets.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

If the company misses estimates, history indicates a potential decline of about 2.20%, raising concerns about competitive pressures.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G adoption rates and customer demand.
2Insights into revenue growth from automotive and IoT segments.
3Management's outlook on competitive pressures in the semiconductor industry.
4Details on cost management strategies and margin expectations.
5Any commentary on future product launches or innovations.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and performance, which investors closely watch.

$2.56

Revenue

Revenue growth reflects the company's ability to generate sales and is critical for assessing overall business health.

$10.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+32.15%

Avg Stock Reaction

+2.83%

Last Quarter Recap

Management Promises & Guidance

Continued focus on expanding 5G technology adoption.
Commitment to enhancing product offerings in the automotive and IoT sectors.
Plans to maintain strong margins despite competitive pressures.

Expectations

Wall Street Expectations

Bull Case

If QUALCOMM beats EPS and revenue estimates, it could signal robust demand for its products, especially in 5G and IoT markets, leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations, it may raise concerns about market saturation and competitive pressures, potentially leading to a decline in stock value.

Key Metrics to Watch

Earnings Per Share (EPS)

$2.56

EPS is a key indicator of the company's profitability and performance, which investors closely watch.

Revenue

$10.6B

Revenue growth reflects the company's ability to generate sales and is critical for assessing overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will QUALCOMM's EPS exceed the consensus estimate of $2.56?

A beat on EPS would reinforce the company's strong performance trend and could boost investor confidence.

How does QUALCOMM plan to address competitive pressures in the semiconductor market?

Understanding management's strategy in a competitive landscape is crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of QUALCOMM's advancements in 5G technology, which could drive higher-than-expected demand.

Supporting Evidence

Recent strong performance in previous quarters suggests a trend of exceeding expectations.

The options market is pricing a larger move than historical averages, indicating potential for a surprise.

Insider selling could reflect confidence in the company's long-term strategy rather than immediate concerns.

Key Risk

If the company reports strong demand for its 5G products, it could invalidate bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether QUALCOMM can sustain its growth amid increasing competition and market saturation.

Bull Confirmed If

An EPS of $2.60 or higher would confirm the bull case, indicating strong demand and effective cost management.

Bear Confirmed If

An EPS below $2.50 would validate the bear case, raising concerns about market challenges and demand.

Pre-Earnings Positioning

Options Market

Implied Move

±8.43%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting heightened investor uncertainty or anticipation.

Options are pricing ±8.4% while QCOM has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.4%

30d HV

32.2%

Calls (9.2M)P/C Ratio: 0.31Puts (2.2M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$325,854.09

2,500 sh

1 insider

Net

$325,854.09

Net selling

Most Active Insiders· 2 open-market trades

EVP, CFO & COOPalkhiwala Akash J.
$325,854.09

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QUALCOMM beats expectations, history suggests a potential stock increase of around 2.20%, confirming strong demand in key markets.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

If the company misses estimates, history indicates a potential decline of about 2.20%, raising concerns about competitive pressures.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on 5G adoption rates and customer demand.
2Insights into revenue growth from automotive and IoT segments.
3Management's outlook on competitive pressures in the semiconductor industry.
4Details on cost management strategies and margin expectations.
5Any commentary on future product launches or innovations.