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▌Earnings Flash·July 29, 2026

QUALCOMM Incorporated (QCOM) falls on earnings misses

QUALCOMM Incorporated (QCOM) falls 11.0% after reporting earnings misses, as investors react to weaker-than-expected results and reassess the stock's near-term outlook.

Earnings FlashQCOMTechnologySemiconductors
By TickerSpark·July 29, 2026·2 min read
QUALCOMM Incorporated (QCOM) falls on earnings misses
▌Key Takeaway
QUALCOMM Incorporated (QCOM) reported mixed quarterly results, missing EPS estimates by a penny at $2.21 while beating revenue expectations with $9.95 billion in sales. Shares fell 11.01% in after-hours trading to $144.95 as investors prioritized the earnings miss over the top-line beat and the company ended a four-quarter streak of EPS beats.

QUALCOMM Incorporated (QCOM) Falls on EPS Miss, Revenue Beat

QUALCOMM Incorporated (QCOM) missed EPS estimates at $2.21 versus $2.22, beat revenue estimates at $9.95B versus $9.69B, and fell 11.01% to $144.95 in after-hours trading.

Key Numbers

  • EPS: $2.21 actual versus $2.22 estimated, a miss.

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Revenue: $9.95B actual versus $9.69B estimated, a beat.
  • After-hours price: $144.95, down 11.01% from the $162.88 regular-session close.
  • EPS consistency: The result ended a four-quarter streak of beats.
  • Sequential comparison: EPS was $2.21, versus $2.65 in the quarter reported on April 29.

    • Revenue Beat Cannot Offset the EPS Miss

    The split result is the story. Qualcomm exceeded the revenue estimate, but profit per share came in below target. That points to solid top-line execution without a matching earnings result.

    The 11.01% after-hours drop shows investors treated the EPS miss as more important than the revenue beat. The reaction is sharp against a $162.88 close. It also interrupts four straight quarters of EPS beats, raising the bar for the next results.

    On the earnings call, management's explanation for the $2.21 EPS miss alongside the $9.95B revenue beat will help investors judge whether the gap is a one-quarter issue or recurring pressure. The central test is whether Qualcomm can turn revenue execution into stronger per-share earnings.

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    Bottom Line

    QCOM's revenue beat is constructive, but the EPS miss and 11.01% after-hours selloff make earnings conversion the immediate investor test.

    Read the full QCOM research report
    ▌Common Questions

    Frequently asked questions

    +Why did QUALCOMM stock fall after earnings?
    QUALCOMM stock fell because the company missed EPS estimates at $2.21 versus $2.22 expected, even though revenue beat at $9.95 billion versus $9.69 billion. The market reacted sharply, sending shares down 11.01% to $144.95 in after-hours trading.
    +Did QUALCOMM beat revenue in the latest quarter?
    Yes, QUALCOMM beat revenue estimates with $9.95 billion in sales versus the $9.69 billion consensus. However, that revenue beat was not enough to offset the EPS miss.
    +How much did QCOM stock drop after earnings?
    QCOM fell 11.01% in after-hours trading to $144.95. That was down from the regular-session close of $162.88.
    +What was QUALCOMM's EPS versus estimates this quarter?
    QUALCOMM reported EPS of $2.21, slightly below the $2.22 estimate. The miss ended a four-quarter streak of earnings beats.
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