Qualcomm's CFO said on the November 4, 2026 earnings call that December will no longer be its biggest quarter from fiscal 2027, as chip revenue from Apple ramps down. GAAP revenue fell 8% to $10.322 billion and non-GAAP EPS fell 28% to $2.17, while automotive revenue rose 89% to $1.99 billion. December-quarter guidance of $10.4 billion to $11.2 billion in revenue and $2.15 to $2.35 in non-GAAP EPS has an EPS midpoint of $2.25, which the article estimates trails the $2.29 consensus. Qualcomm targets $5 billion in data center revenue for fiscal 2027, mostly from two hyperscalers, one of them Amazon, while the value of the multi-year SpaceX deal was not disclosed. After the report, shares fell 7.52% to $160.16, about 36% below the May 29, 2026 record close of $251.02, by the article's estimate.
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AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/04/2026 | 349.62 |
| Change that session | +5.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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