Qualcomm stock falls as guidance and estimates cool

Published on 09/21/2026 at 15:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock closed at USD 177.72 on September 18, 2026, down 5.82 percent. Zacks cut its current-year estimate to USD 10.55 after Q3 revenue of USD 9.95 billion.

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Qualcomm stock (ISIN US7475251036) closed at USD 177.72 on September 18, 2026, down 5.82 percent, with volume at 54.4 million shares. As Zacks reported on September 21, 2026, fiscal third-quarter revenue came in at USD 9.95 billion and adjusted EPS at USD 2.21.

Guidance turns cautious

Zacks said Qualcomm's fiscal Q4 adjusted EPS guide is USD 2.05 to USD 2.25, while QCT EBT margins are expected at 23 percent to 25 percent. The same report said Qualcomm's handset revenue dropped 20 percent to USD 5.09 billion, showing where the pressure still sits.

MarketBeat showed Qualcomm at USD 177.72, a market cap of USD 186.65 billion, a 52-week range of USD 121.99 to USD 259.92, and average volume of 13.61 million shares. It also listed a consensus price target of USD 204.10 and a Hold rating score of 2.34.

Consensus stays lower

According to MarketBeat, Qualcomm's trailing EPS is USD 8.64, forward P/E is 24.79, and net margin is 21.01 percent. The same page puts annual revenue at USD 44.28 billion and market capitalization at USD 186.65 billion, both useful context for the current valuation.

StockStory said Qualcomm reported Q2 CY2026 revenue of USD 9.95 billion, down 4 percent year over year, while adjusted EPS was USD 2.21 and operating margin was 16.3 percent. The report also said free cash flow margin was 5 percent, down from 24.9 percent in the same quarter last year.

Price and setup

Qualcomm shares ended September 18, 2026 at USD 177.72 on Nasdaq, above the 50-day moving average of USD 168.11 and below the 52-week high of USD 259.92. For investors, the gap between the USD 204.10 consensus target and the last close is now one of the cleaner chart facts to watch.