Qualcomm Q4 revenue reaches $10.32 billion, surpassing expectations; shares fall over 5% after hours

According to the financial report, Qualcomm (QCOM.US) reported Q4 fiscal 2026 revenue of $10.32 billion and adjusted EPS of $2.17, slightly above market expectations of $10.11 billion and $2.16, respectively. The company expects next quarter's revenue to be between $10.4 billion and $11.2 billion, with the market expectation at $10.48 billion. Adjusted EPS guidance is between $2.15 and $2.35, with the midpoint of EPS guidance below the market expectation of $2.32. Affected by storage chip shortages and rising costs for components and manufacturing, smartphone manufacturers have reduced production, causing Qualcomm's mobile chip revenue to decline by 26% year-on-year to $5.14 billion, and total company revenue to drop 8% year-on-year. CEO Amon stated that data center demand remains strong, but supply is limited; the company expects data center revenue to reach $5 billion in fiscal 2027. In other business areas, automotive electronics revenue grew by 89% year-on-year to around $2 billion, and IoT revenue increased by 4% to about $1.89 billion, both exceeding expectations. After the earnings report was released, Qualcomm’s shares fell by more than 5% in after-hours trading.