Qualcomm stock rises 5.30% as data-center ramp offsets handset slump
Published on 11/12/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQualcomm's Diversification Faces Its Test
- Handset revenue fell sharply in fiscal fourth-quarter results, while automotive revenue reached a record quarterly level.
- Management expects non-handset revenue to grow by more than 60 percent in fiscal 2027.
- Data-center shipments and input costs will shape the next earnings outlook.
Qualcomm stock traded at 165.01 euros on Lang & Schwarz at 17:10 CET on Thursday, November 12, 2026. That was 5.30 percent above the 156.70-euro quote at 14:06 CET cited in the preceding report on the same day, giving the stock a fresh market marker after the company's fiscal fourth-quarter update.
The operating picture remains split. In the fiscal quarter ended September 27, handset revenue fell 26 percent year over year to 5.137 billion US dollars, while automotive revenue rose 89 percent to 1.990 billion US dollars. Internet of Things revenue increased 4 percent to 1.888 billion US dollars.
Automotive Growth Counters Handset Pressure
Qualcomm's fourth-quarter GAAP revenue declined 8 percent to 10.322 billion US dollars, according to the Qualcomm earnings release published by MarketScreener. Non-GAAP revenue reached 10.442 billion US dollars and adjusted diluted earnings were 2.17 US dollars per share.
The release shows why diversification is central to the investment case. Combined automotive and IoT revenue grew 36 percent year over year, but handset revenue remains the largest QCT revenue stream. Full-year handset revenue fell 13 percent to 24.072 billion US dollars, while full-year QCT revenue declined 3 percent to 37.208 billion US dollars.
Data Center Sets Fiscal 2027 Test
Management expects non-handset revenue to grow by more than 60 percent in fiscal 2027 and reiterated a 5 billion US dollar data-center revenue target for the year. Data-center revenue is expected to exceed 650 million US dollars in the December quarter as custom-silicon shipments begin to ramp.
Near-term execution will remain important. Qualcomm guided first-quarter fiscal 2027 revenue to 10.4 billion to 11.2 billion US dollars and adjusted earnings to 2.15 to 2.35 US dollars per share. The company also said broad increases in wafer, packaging, memory and other input costs will pressure margins before pricing actions take effect in the second half of fiscal 2027.
Qualcomm Incorporated
- ISIN: US7475251036
- Ticker: QCOM
- Home exchange: Nasdaq
- Lang & Schwarz price: 165.01 euros at 17:10 CET on Thursday, November 12, 2026
- Change since preceding report: 5.30 percent from 156.70 euros at 14:06 CET
US technology shares trade in the broader context of the S&P 500.
