QUALCOMM Incorporated (QCOM) earnings on April 29, 2026
More QUALCOMM Incorporated earnings
Prior outlook: Pessimistic Outcome: Missed
QCOM shares jumped after earnings, climbing as much as 23% during the day before settling at an 18% gain.
QCOM price around the earnings
179.64
Change: +18.0%
2026-04-30, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Missed
- Thesis published
Modest upside expected, the price approaches resistance.
Analysts expect a modest increase in the stock's value, and while recent price trends have improved, they remain below key resistance levels. The company has a strong history of meeting earnings expectations.
Context analyzed before publication
- Summary
- A modestly optimistic scenario is expected; the resistance level is a key factor.
- Reasoning
- Analysts cite a modestly optimistic scenario for the stock's value, and while recent price trends have improved, they remain below key resistance levels. The company has a strong history of meeting earnings expectations.
- Playbook
- Analysts point to a modestly optimistic scenario and mixed contexts; the scenario suggests waiting for a clearer optimistic trend or a break above resistance.
- Trend
- Momentum improved, but outlook remains cautious.
Analysts
Drivers
-
Analysts
Neutral
The average analyst recommendation is to hold the stock, with price targets indicating a modestly optimistic scenario. Some analysts have recently lowered their price targets, suggesting caution.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.69
- Analysts covering the stock
- 28
- Average price target
- 150.82
- Lowest price target
- 100
- Highest price target
- 200
- Upside to price target
- 11.3%
- Quarterly earnings growth
- -5.5%
- Revenue growth
- 5%
- Forward EPS
- 11.04
- Trailing EPS
- 4.96
- Analyst moves in the last 60 days
- 7
- Strong buy: 0
- Buy: 8
- Hold: 24
- Sell: 2
- Strong sell: 1
- Strong buy
- 0
- Buy
- 8
- Hold
- 24
- Sell
- 2
- Strong sell
- 1
- April 21, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 17, 2026 · BNP Paribas: Downgrades rating (Outperform → Neutral)
- April 16, 2026 · JP Morgan: Downgrades rating (Overweight → Neutral)
- March 26, 2026 · Bernstein: Downgrades rating (Outperform → Market Perform)
- March 16, 2026 · Seaport Global: Downgrades rating (Neutral → Sell)
- February 24, 2026 · Loop Capital: Upgrades rating (Hold → Buy)
- February 24, 2026 · Wells Fargo: Upgrades rating (Underweight → Equal-Weight)
News and sentiment
Drivers
-
News & sentiment
Positive
There is no significantly negative news, although some price targets have been adjusted downwards. Public sentiment is positive, but it is not widespread and is based on low market review volume.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (5)
- UBS Maintains Neutral on Qualcomm, Lowers Price Target to $150 — Benzinga
- Qualcomm Recommends Shareholders Reject Tutanota's Mini-Tender Offer For Proposed Acquisition Of Co. At $150/Share — Benzinga
- BNP Paribas Downgrades Qualcomm to Neutral, Lowers Price Target to $120 — Benzinga
- Qualcomm, Amazon, Netflix And A Tech Stock On CNBC's 'Final Trades' — Benzinga
- CNBC Halftime Report Final Trades: Netflix, Amazon, Qualcomm — Benzinga
Technicals
Drivers
-
Technical
Neutral
The stock has seen some price increase recently, but its longer-term performance relative to the broader market is weak. The current price is market review between support and resistance levels.
Evidence
- Average true range (ATR)
- 2.2%
- Distance to 52-week high
- -34.2%
- 14-day change (14d)
- +6.5%
- 30-day change
- +0.2%
- 30-day relative strength
- -3.6%
- Benchmark change
- +3.8%
- Nearest support
- 122.03
- Nearest resistance
- 138.47
- Volume accumulation ratio
- 0.73
Trends
Drivers
-
Macro & trends
Neutral
The company has consistently met earnings expectations in the past, with small positive surprises. Current market conditions suggest limited risk of significant price changes, indicating that the market may have already priced in most known information.
Evidence
- Average earnings surprise
- +2.6%
- February 4, 2026: actual EPS 3.5 vs estimate 3.4 (surprise +2.9%)
- November 5, 2025: actual EPS 3 vs estimate 2.88 (surprise +4.3%)
- July 30, 2025: actual EPS 2.77 vs estimate 2.71 (surprise +2.0%)
- April 30, 2025: actual EPS 2.85 vs estimate 2.82 (surprise +1.2%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6%
- 75th percentile move
- 8.5%
- 90th percentile move
- 9.9%
- Up / down moves
- 5 / 14
- Average up move
- +8.9%
- Average down move
- -5.6%
Monitoring and close
What QUALCOMM Incorporated reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- +18.0%
- Max favorable move (MFE)
- 3.8%
- Max adverse move (MAE)
- 22.8%