Neutral
Qualcomm's Q3 2026 earnings miss expectations; automotive segment shows strong growth
Qualcomm's Q3 2026 earnings report revealed a slight earnings per share (EPS) miss, with non-GAAP EPS at $2.21 compared to the consensus estimate of $2.23. However, the company reported a 61% year-over-year increase in automotive revenue, reaching $1.6 billion, driven by demand for advanced driver-assistance systems and digital cockpits. Despite the earnings miss, the strong performance in the automotive segment suggests potential for future growth.
Key points
- Q3 2026 non-GAAP EPS of $2.21 slightly below consensus estimate of $2.23.
- Automotive revenue surged 61% year-over-year to $1.6 billion.
- Handset revenue declined 20% year-over-year to $5.1 billion.
- Company forecasts Q4 2026 revenue between $9.7 billion and $10.5 billion.
Sources
- Qualcomm (NASDAQ: QCOM) Stock Price Surges 8.7% Post-Earnings: Will The Momentum Hold?Foreign Policy Journal · August 29, 2026
- Qualcomm stock holds steady as guidance anchors earnings outlookAD HOC NEWS · August 30, 2026
- Qualcomm stock holds near $165 as Q3 2026 guidance offsets earnings miss and insider saleAD HOC NEWS · August 14, 2026
- Qualcomm (QCOM) Earnings Date and Reports 2026MarketBeat
AI-generated from public news sources. Not financial advice.
