Qualcomm Earnings Preview: AI Stock at a Crossroads
Qualcomm's Q1 fiscal 2026 earnings report looms as a potential inflection point for the battered semiconductor stock. With shares down 13% year-over-year, today's after-market results could determine whether the decline represents a buying opportunity or signals deeper troubles.
Wall Street anticipates adjusted EPS of $3.39 on $12.12 billion revenue - a 3.8% yearly sales increase overshadowed by shrinking profitability. The company's eight-quarter earnings beat streak faces its sternest test yet against weakening handset market fundamentals.
Investors will scrutinize Q2 guidance more heavily than historical performance. Cantor Fitzgerald's recent price target cut to $160 reflects mounting skepticism, though upside surprises in both results and outlook could reignite bullish momentum.
