Qualcomm shares drop around 10% as weak smartphone chip sales and margin pressures hit earnings
Corroborated by 3 sources from 3 publishers
TL;DR
Qualcomm's stock fell about 10% after the company forecast weaker profit, citing soft smartphone chip demand, rising costs and margin headwinds, even as data‑center sales continued to grow.
Sources
1
Investing.com News
https://www.investing.com/news/stock-market-news/qualcomm-falls-3-as-handset-revenue-misses-estimates-costs-rise-5001230
2
Investing.com News
https://www.investing.com/news/stock-market-news/qualcomm-slumps-as-weak-smartphone-chip-sales-overshadow-datacenter-momentum-5002833
3
Bloomberg Technology
https://www.bloomberg.com/news/videos/2026-11-05/qualcomm-shares-fall-most-in-six-months-video
4
CNBC 15838381
https://www.cnbc.com/video/2026/11/05/qualcomm-arm-drop-after-earnings-heres-what-you-need-to-know.html
5
Investing.com News
https://www.investing.com/news/stock-market-news/qualcomm-earnings-analysis-questions-answered-and-next-catalysts-93CH-5005506
6
CNBC Top News
https://www.cnbc.com/2026/11/05/qualcomm-earnings-chip-stocks-election.html