{
  "id": 18959816,
  "title": "Why Qualcomm Stock Fell 9% Despite Beating Earnings Estimates",
  "url": "https://urgent.news/2026/11/08/why-qualcomm-stock-fell-9-despite-beating-earnings-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-08T15:14:33.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/08/why-qualcomm-stock-fell-11-despite-beating-earning/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Qualcomm's stock price fell 9% on Thursday despite the company beating earnings estimates for its fiscal fourth quarter. The chipmaker's revenue fell 7% year-over-year to $10.4 billion, which was slightly better than analysts' expectations of $10.1 billion. However, the company's earnings per share were $2.17, down from $3 in the previous year but still above the anticipated $2.16 per share. The decline in Qualcomm's stock price can be attributed to increased costs, particularly in memory, which affected its flagship handset business. The mobile business revenue fell 26% to $5.1 billion, while pretax earnings declined more than overall revenue. Looking ahead, Qualcomm's revenue guidance for the first quarter is significantly lower than its first-quarter revenue of $12.3 billion a year ago, reflecting lower demand for its mobile chips. The company's CEO, Cristiano Amon, acknowledged that fiscal 2027 would mark the beginning of non-handset revenue growth, including the ramp-up of the Data Center business. However, this growth is expected to be modest, with a target of $5 billion, representing roughly 13% of Qualcomm's fiscal year revenue of $37.2 billion. While Qualcomm's non-handset revenues are projected to grow by more than 60% year-over-year, analysts remain skeptical about the long-term growth prospects in the AI semiconductor industry. Despite the stock's current cheap valuation of 15 times the projected fiscal year per-share profit of $10.16, there is uncertainty about whether meaningful growth is imminent.",
  "summary": "Investors are worried the future may not be nearly as bright as management suggests, or arrive there as quickly as implied.",
  "key_points": [
    "Qualcomm's stock fell 9% despite beating earnings estimates",
    "Revenue dropped 7% year-over-year to $10.4 billion",
    "CEO anticipates modest non-handset revenue growth"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}