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Qualcomm stock rises 1.4% after Q4 non-GAAP revenue of $10.4 billion
Qualcomm reported fourth-quarter non-GAAP revenues of $10.4 billion, including strong QCT revenues at the high end of its guidance, and highlighted continued growth in its automotive business. The stock is up 1.4% on the day at $166.78.
QCOM price prediction
Current price:
$165.71
8.96
5.72%
Closed
11/06
Daily range
159.11
167.47
167.47
Weekly range
148.82
173.73
173.73
Loading...
Highlights
- Qualcomm reported fourth-quarter non-GAAP revenues of $10.4 billion, with QCT revenues reaching $9.0 billion at the upper end of guidance.
- Automotive segment annualized run rate approached $8 billion for fiscal 2026, as IoT and automotive revenues continue to grow.
- Qualcomm stock is up 1.4% on the day at $166.78.
On November 3, 2026, Qualcomm reported fourth-quarter non-GAAP revenues of $10.4 billion. QCT revenues for the quarter reached $9.0 billion, which the company noted was at the high end of its guidance. Qualcomm ended fiscal 2026 with QCT Automotive revenues at an annualized run rate of around $8 billion. While the automotive and IoT segments are growing, Tradingkey noted that the overall performance faces pressure from weak smartphone demand and rising production costs.
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Bearish daily setup as early gains reverse below key averages
The session opened with a gap up from the previous close of $164.43 to $170.65 before giving back part of those gains. Despite this early strength, shares of Qualcomm continue to trade below their MA-20, MA-50, and MA-200, which maintains a bearish daily structure. The nearest resistance is set by the MA-200 at $169.6. An RSI at 39.7 is nearing oversold territory, suggesting the recent decline may be getting stretched and could help limit further downside pressure.
Downside odds dominate as traders focus on $169.6 resistance
To gauge whether the latest shift reflects a lasting change, traders should watch for a close above $169.6. After surging at the open from $164.43 to $170.65, Qualcomm stock has not held all of those early gains. Even so, from here, the probabilities lean toward further weakness with a 23% upside probability and a 77% downside probability over the next five trading days, with an expected trading range of $155.52 to $178.03. A close above $169.6 would indicate buyers are willing to follow through, while a drop below $160.38 would suggest the move is being faded. On the weekly chart the longer-term picture stays firmly negative.
Previously it was reported that analysts saw technical headwinds for Qualcomm despite recent partnerships, leaning toward a cautious outlook. The current trading context adds weight to this view, with ongoing pressure keeping shares below key moving averages and making a sustained close above $169.6 the critical level for any potential reversal.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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