QCOM Earnings Predictions — 2026-07-29

Ticker Report or Guide KPI Prediction Answer Confidence
QCOM Report Non-GAAP EPS (Q3 FY26) BEAT pred ~$2.28 vs. cons $2.23 MEDIUM
QCOM Report Total revenue (Q3 FY26) IN-LINE pred ~$9.75B vs. cons $9.69B MEDIUM
QCOM Report QCT handset revenue (Q3 FY26) MISS pred ~$4.75B vs. cons $4.90B LOW
QCOM Guide Q4 FY26 revenue guide (midpoint) LOWER guide ~$10.2B vs. cons $10.45B (Q4 FY26) MEDIUM
QCOM Guide Q4 FY26 non-GAAP EPS guide (midpoint) LOWER guide ~$2.45 vs. cons $2.52 (Q4 FY26) MEDIUM
QCOM Guide Automotive revenue guide BETTER guide ~$1.50B (+~50% YoY) vs. cons ~$1.45B (Q4 FY26) MEDIUM
QCOM Guide Data center FY27 revenue target UNCHANGED reaffirm ~$5.0B vs. Street ~$5.0B (FY27) LOW
QCOM Return Day-1 residual (stock − beta × S&P 500) -4.0% LOW
QCOM Return 5-day cumulative residual -6.5% (FOLLOW-THROUGH) Even with a modest EPS beat and a 'controlled trough' June quarter, the out-period math is negative: a soft Q4 guide (Apple modem step-down largely offsetting the China Android recovery) plus memory-cost pressure lingering into FY27 drive downward estimate revisions. With the stock having already round-tripped its entire AI-driven rally, skepticism on the unproven $5B FY27 data-center target caps relief. Poor sentiment and downward EPS revisions extend the day-1 drop rather than reverse it; buyback support only cushions the slide. LOW