Trefis maps Qualcomm stock risk as phone demand weakens

Published on 10/27/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal third-quarter revenue fell 4.0 percent and operating margin was 16.3 percent. Qualcomm stock costs EUR 161.39 at Lang & Schwarz on October 27, 2026.

Operating pressure and key dates

Fiscal third-quarter revenue fell 4.0 percent year over year on July 29, 2026.
Operating margin declined from 26.6 percent to 16.3 percent in fiscal third quarter 2026.
Qualcomm stock traded at EUR 161.39 at 11:44 a.m. CET at Lang & Schwarz on October 27, 2026.

Qualcomm, US7475251036, Illustration mit AI erstellt.

Qualcomm (ISIN US7475251036) had a 16.3 percent operating margin in fiscal third quarter 2026, down from 26.6 percent a year earlier, as Trefis analyzed on October 27, 2026. Its conclusion centers on weaker phone demand, lower Apple revenue and Qualcomm's history of steeper drawdowns than the wider market.

What does the margin drop mean?

Trefis said Qualcomm revenue fell 4.0 percent year over year to USD 9.95 billion in fiscal third quarter 2026, while the operating margin declined from 26.6 percent to 16.3 percent. The analysis also said management expects the handset market to contract by a low-teens percentage in fiscal 2026 and guided fourth-quarter revenue to USD 9.7 billion to USD 10.5 billion.

The historical comparison is material. Across 15 market shocks since 2007, Qualcomm shares fell 24.1 percent on average, compared with a 15.8 percent decline for the S&P 500, according to Trefis. The same analysis found that Qualcomm recovered its pre-fall high after each of those 15 shocks, with a median recovery period of 5.3 months.

Three dates shape the setup

On July 29, 2026, Qualcomm reported fiscal third-quarter revenue of USD 9.95 billion and adjusted earnings per share of USD 2.21, according to Trefis. On October 22, 2026, Qualcomm scheduled its fiscal 2026 fourth-quarter results for November 4, 2026, after the market close, according to the company's official release. On October 27, 2026, Trefis published its assessment of Qualcomm's downside history and current operating pressure.

November 4 brings results

Qualcomm will publish its fiscal fourth-quarter and full-year 2026 results on November 4, 2026, after the market close, followed by a conference call at 1:45 p.m. Pacific Time, the company said on October 22, 2026. The fourth-quarter revenue range of USD 9.7 billion to USD 10.5 billion gives investors a concrete test for whether phone-chip demand and margin pressure are worsening.

EUR price at Lang & Schwarz

Qualcomm was trading at EUR 161.39 at Lang & Schwarz on October 27, 2026 at 11:44 a.m. CET. The quote provides the German-market perspective while the next company-specific catalyst is the November 4 results release.

The further course of trading is shown by the continuously updated real-time quote of Qualcomm stock.