QUALCOMM (QCOM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.17
- Estimate
- $2.16
- Surprise
- +0.5%
- Revenue (period 2026-09-27)
- $10.32B
- Score at report (before → after)
- 4.9 → 5.0/10
Revenue source: xbrl.
How the report landed
QUALCOMM (QCOM) reported adjusted EPS of $2.17, in line with the $2.16 estimate. TrendMatrix's engine moved from Sell (4.9/10) to Buy (Wait) at 5.0/10 after the report.
Coverage in the report window
- Qualcomm Shares Lose Signal: What’s Going On? — benzinga, 2026-11-05
Where TrendMatrix's rating stands now
TrendMatrix currently rates QCOM Buy (Wait) at 5.0/10.
2 of the last 4 quarters beat the estimate; this quarter's +0.5% surprise compares with a +1.5% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.9 in RISK_OFF)
- High-quality business
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
- Weak overall score: 5.0/10
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $173.19
- Entry target
- $164.09
- Price target
- $177.33
- Stop
- $155.57
- Upside to target
- +2.4%
- Reward-to-risk
- 0.3:1
At 13.6× trailing and 13.5× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 2.0× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-05 — shown for context, not personalized investment advice.
QCOM at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Semiconductors
- Market cap
- $184.94B
- P/E (fwd)
- 13.5
- P/E (ttm)
- 13.6
- 52-week range
- $121.99–$259.92
- Off 52-week high
- 33.4%
- RSI (14)
- 46
- Volume vs avg
- 1.96×
- Score today
- 5.0/10