Sharp drop after hours! Mobile business drags down performance and storage costs squeeze margins; Qualcomm (QCOM.US) Q1 earnings guidance fails to meet expectations.

According to Zhitong Finance APP, Qualcomm (QCOM.US) released its financial report for the fourth quarter of fiscal year 2026 (ending September 27) after the U.S. stock market closed on November 4: GAAP revenue was $10.322 billion, down 8% year-on-year, higher than the market expectation of $10.1 billion; non-GAAP diluted earnings per share were $2.17, down 28% year-on-year, slightly above the expected $2.16.