Equity Profile

QCOM

QUALCOMM Incorporated

Information TechnologySemiconductors$222.4B

Jul29Wed

Pre-Earnings Brief

UpcomingQ3-2026After Close5:00 PM EDT

Company Snapshot

QUALCOMM Incorporated (QCOM) is a leading technology company in the semiconductor industry, primarily known for its innovations in mobile communications and chipsets. As the demand for 5G technology and IoT devices continues to rise, Qualcomm plays a crucial role in shaping the future of connectivity and computing.

Key Metrics to Watch

5G Chip Sales

With the ongoing rollout of 5G networks, sales of 5G chips are critical for Qualcomm's revenue growth.

N/A

Automotive Revenue

As automotive technology evolves, Qualcomm's revenue from automotive applications is becoming increasingly significant.

N/A

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

QCOM Q3-2026 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 Q2 2026, Qualcomm reported an impressive earnings surprise, with an EPS of $2.65 compared to expectations of $1.90, marking a 39.84% surprise. The stock reacted positively, gaining 4% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are generally optimistic about Qualcomm's upcoming earnings, especially given its strong performance in previous quarters. However, there are concerns about potential headwinds in the semiconductor market.

Bull Case

If Qualcomm continues to exceed earnings expectations, particularly in 5G and automotive sectors, it could drive significant stock appreciation.

Bear Case

On the other hand, if the company faces challenges in maintaining its market share or if demand for chips slows down, it could lead to disappointing earnings.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for 5G chip sales?

Given the importance of 5G technology in driving revenue, any significant changes in sales figures will be closely scrutinized.

How is Qualcomm's automotive revenue performing?

As the automotive sector becomes a larger part of Qualcomm's business, insights into this area will be critical for understanding future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Qualcomm's growth potential in the automotive sector, which is rapidly expanding and could provide a significant revenue boost.

Supporting Evidence

Qualcomm's recent innovations in automotive technology could lead to higher-than-expected sales.

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

Insider selling may reflect a strategic shift rather than a lack of confidence in future performance.

Key Risk

If automotive revenue significantly exceeds expectations, it could challenge the current market consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Qualcomm's ability to capitalize on the growing demand for 5G and automotive technologies.

Bull Confirmed If

A strong performance in 5G chip sales exceeding previous quarters' growth rates would confirm the bull case.

Bear Confirmed If

A decline in automotive revenue or a significant drop in 5G chip sales would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while QCOM has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

91.0%

Calls (6.1M)P/C Ratio: 0.81Puts (3.1M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

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 the stock could rise by around 2.83%, confirming strong demand in key segments.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see a muted reaction as investors reassess growth prospects.

Miss

Should Qualcomm miss earnings expectations, history indicates a potential drop of around 3.30%, raising concerns about market demand.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G chip sales and any new contracts.
2Insights into automotive revenue growth and future projections.
3Any commentary on challenges in the semiconductor supply chain.
4Management's outlook on global demand for mobile technology.
5Details on new product launches and their expected impact on revenue.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

5G Chip Sales

With the ongoing rollout of 5G networks, sales of 5G chips are critical for Qualcomm's revenue growth.

N/A

Automotive Revenue

As automotive technology evolves, Qualcomm's revenue from automotive applications is becoming increasingly significant.

N/A

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

QCOM Q3-2026 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

Expectations

Wall Street Expectations

Bull Case

If Qualcomm continues to exceed earnings expectations, particularly in 5G and automotive sectors, it could drive significant stock appreciation.

Bear Case

On the other hand, if the company faces challenges in maintaining its market share or if demand for chips slows down, it could lead to disappointing earnings.

Expectations

Two Questions That Matter

The print will turn on these two things.

What are the latest figures for 5G chip sales?

Given the importance of 5G technology in driving revenue, any significant changes in sales figures will be closely scrutinized.

How is Qualcomm's automotive revenue performing?

As the automotive sector becomes a larger part of Qualcomm's business, insights into this area will be critical for understanding future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Qualcomm's growth potential in the automotive sector, which is rapidly expanding and could provide a significant revenue boost.

Supporting Evidence

Qualcomm's recent innovations in automotive technology could lead to higher-than-expected sales.

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

Insider selling may reflect a strategic shift rather than a lack of confidence in future performance.

Key Risk

If automotive revenue significantly exceeds expectations, it could challenge the current market consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on Qualcomm's ability to capitalize on the growing demand for 5G and automotive technologies.

Bull Confirmed If

A strong performance in 5G chip sales exceeding previous quarters' growth rates would confirm the bull case.

Bear Confirmed If

A decline in automotive revenue or a significant drop in 5G chip sales would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±17.14%

Historical Avg

±3.3%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while QCOM has averaged ±3.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

91.0%

Calls (6.1M)P/C Ratio: 0.81Puts (3.1M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

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 the stock could rise by around 2.83%, confirming strong demand in key segments.

In-Line / Cautious

If results are in line but management expresses caution, the stock may see a muted reaction as investors reassess growth prospects.

Miss

Should Qualcomm miss earnings expectations, history indicates a potential drop of around 3.30%, raising concerns about market demand.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on 5G chip sales and any new contracts.
2Insights into automotive revenue growth and future projections.
3Any commentary on challenges in the semiconductor supply chain.
4Management's outlook on global demand for mobile technology.
5Details on new product launches and their expected impact on revenue.