Qualcomm Inc (QCOM) results explained: sales down 3%

Quantooo Lab · 2026-11-04

What happened?

Qualcomm Inc (QCOM) reported results on 4 Nov, covering the 12 months to 27 Sep.

The numbers in plain words

Sales were down 2.6% compared with the same period a year earlier. Out of every 100 of sales, about 20 was left after running costs (operating margin 20.1%), lower than a year earlier (27.9%).

Source: the company's 10-K filed 2026-11-04.

How did the share price react?

Since the results, the share price has moved −4.67% (to the close of 5 Nov), while the S&P 500 moved −2.83%.

What changed in our score?

Our score went from 18 to 18 out of 100; the fundamentals part went from 4 to 3. Every step of the calculation: QCOM stock page.

How bumpy could the next month be?

Our volatility model expects the next month to be bumpier than usual for QCOM (75% a year vs a normal 39%).

What does it mean?

Results describe the past few months. They don't tell you where the price goes next, and our own tests found our scores don't reliably predict that either.

Educational, not investment advice.