QUALCOMM (QCOM) Q3 2026 Preview: Estimated EPS $2.23, Results Due July 29

1. QUALCOMM forecasts Q3 2026 EPS at $2.23 and revenue at $9.68 billion, based on 29 analyst estimates. Newsworthy Reliable Neutral
2. EPS estimates declined 8.6% over three months, from $2.44 to $2.23, indicating analyst pessimism. Relevant Reliable Negative
3. Year-over-year EPS is down 19.5% from $2.77 in last year’s Q3, and revenue is down 6.6%. Newsworthy Reliable Negative
4. Margins are under pressure as earnings decline faster than revenue, with past net margin at 25.8%. Relevant Reliable Negative
5. QUALCOMM’s QCT semiconductor and QTL licensing segment splits will be key to understanding results. Relevant Reliable Neutral
6. Management’s fiscal Q4 guidance will be critical, especially outlook on revenues, margins, and inventory. Newsworthy Reliable Neutral
7. Stock trades at $166.57 ahead of earnings, setting investor expectations for the report’s impact. Relevant Reliable Neutral
8. Investors will watch 5G handset attach rates, premium device mix, and automotive design wins for growth signs. Relevant Reliable Neutral

Type: standard news · Analysis confidence: 95%

Used in syntheses

• Lam Research projects $6.6B Q4 fiscal 2026 driven by AI and DRAM • Nvidia-SK Group $500B AI partnership with 2GW AI factory • Arm-based AI GPU servers exceed x86 spending in Q1 2026 • Intel posts $16.1B Q2 revenue with 59% AI segment growth • AMD commits to full-stack AI with backing from Microsoft, Meta, OpenAI • Qualcomm hikes smartphone processor prices double digits from Sept 2026 • Samsung-SK Hynix $950B US chip deals with Nvidia, Broadcom • Micron blocks Apple’s Chinese memory sourcing plans