# Qualcomm stock drops 7% on weak earnings forecast as memory shortage weighs on smartphone sales

- Source: CNBC · Technology
- Published: 2026-11-04T21:06:59.000Z
- Bad Influence: https://badinfluence.news/items/ub630l1g1ma0xvsuv8fp2vti1
- Original: https://www.cnbc.com/2026/11/04/qualcomm-qcom-earnings-report-q4-2026.html

## Summary

Qualcomm reported quarterly revenue of $10.32 billion and adjusted earnings of $2.17 per share, both slightly above LSEG estimates. Its forecast of $2.15 to $2.35 per share on $10.4 billion to $11.2 billion in revenue fell short of the $2.27 per share and $10.48 billion analysts expected, and the stock slid in extended trading. Handset chip sales fell 26% to $5.14 billion as rising memory costs pushed up smartphone prices.