Information Technology·Semiconductors·$159.3B
QUALCOMM INC is a leading technology company that designs and manufactures semiconductors, primarily for mobile devices. As a key player in the Information Technology sector, its innovations in wireless technology and 5G connectivity are critical as demand for faster and more reliable communication continues to grow.
Earnings Per Share (EPS)
EPS is a crucial indicator of profitability and reflects the company's ability to generate earnings for shareholders.
Revenue
Revenue figures provide insight into the company's overall sales performance and market demand for its products.
Wall Street expectations, options signals, track record, and call prep available with Pro.
EPS Beat Streak
8Q
EPS Beat Rate
100%
Avg EPS Surprise
+31.40%
Avg Stock Reaction
+2.20%
In Q1-2026, QUALCOMM reported an EPS of $3.50, significantly exceeding expectations. This positive surprise of nearly 25% suggests strong operational performance.
Management Promises & Guidance
Analysts are cautiously optimistic ahead of the earnings report, expecting solid EPS and revenue figures. The previous quarters have shown a consistent trend of beating estimates.
Bull Case
If QUALCOMM continues its trend of exceeding EPS estimates, it could indicate strong demand for its products, particularly in 5G technology, leading to a positive market reaction.
Bear Case
On the other hand, if the company fails to meet the consensus estimates or provides weak guidance, it could raise concerns about future growth, negatively impacting the stock.
Earnings Per Share (EPS)
$2.56EPS is a crucial indicator of profitability and reflects the company's ability to generate earnings for shareholders.
Revenue
$10.6BRevenue figures provide insight into the company's overall sales performance and market demand for its products.
The print will turn on these two things.
Q1
Will EPS exceed the consensus estimate of $2.56?
Given the company's strong track record of beating EPS estimates, this will be a key indicator of ongoing financial health.
Q2
What guidance will management provide regarding future revenue growth?
Investors will closely watch for any insights into revenue expectations, especially in the context of 5G demand.
Why consensus could be wrong
The consensus may underestimate the impact of new product launches and the growing demand for 5G technology, which could drive higher revenue than expected.
Supporting Evidence
QUALCOMM has consistently beaten EPS estimates in the past, indicating strong operational performance.
The options market is pricing a smaller move than historical averages, suggesting a potential mispricing of volatility.
Recent trends in mobile device sales indicate a rebound that may not be reflected in current estimates.
Key Risk
Any indication of stronger-than-expected demand for 5G chips could significantly alter market expectations.
Pre-commit to what would confirm each case.
The debate this quarter centers around whether QUALCOMM can maintain its growth trajectory in a competitive semiconductor market.
Bull Confirmed If
An EPS of $2.60 or higher would confirm the bull case, indicating strong demand and operational efficiency.
Bear Confirmed If
An EPS below $2.50 would support the bear case, suggesting potential issues with sales or market conditions.
Implied Move
±2.4%
Historical Avg
±2.9%
The options market is pricing in a modest move, suggesting that investors expect some volatility around the earnings announcement.
Options are pricing ±2.4% while QCOM has averaged ±2.9% over the last 8 prints — setup is pricing cheap.
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options pricing cheap in Semiconductors
n=30Fade rate: 16 of 30 (53%)
This setup has occurred 30 times across Information Technology in the last 2 years. 16 of 30 faded and 14 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.9%, with a raw directional average of -1.5% (modestly negative historical bias).
Likely market behavior by outcome — not investment advice.
Beat & Raise
If QUALCOMM beats expectations, history suggests a positive market reaction, with an average 1-day move of +2.20%, confirming strong demand.
In-Line / Cautious
If results are in line but management's commentary is cautious, the stock may experience a muted reaction as investors weigh future growth prospects.
Miss
Should the company miss estimates, history suggests a potential downside move, averaging around -1.86%, reflecting disappointment in growth expectations.
AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.
No charge today · Auto-bills $8/mo after 7 days · Cancel anytime
VERIZON COMMUNICATIO
Apr 27, 2026