UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________ (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Delaware 95-3685934 ...

(1) Discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included at the end of this news release in the sections labeled "Note Regarding Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP Results to Non-GAAP Results." Qualcomm Announces First Quarter Fiscal 2026 Results Record Revenues: $12.3 billion GAAP EPS: $2.78, Non-GAAP EPS: $3.50 —Record Quarterly Total Company and QCT Revenues— —Record QCT Automotive Revenues: 2nd Consec ...

Market on close. We will have our eyes on Qualcomm earnings after the bell with expectations for adjusted EPS of $3.39% on revenue of 12.28% billion. Profit expected to decline slightly year-over-year as Apple has started manufacturing more components inhouse.Shares are down about 10% so far this year. It's of course time for options corner Rick Dat, our lead market technician, joining us now to take a closer look at Qualcomm ahead of their earnings report following the close today. Now Rick, as we take a l ...

Qualcomm Incorporated (QCOM) is starting 2026 on the back foot, as Wall Street grows uneasy about its long-term grip on the modem market. The latest blow came from Mizuho Securities, which downgraded the shares to “Neutral” and lowered its price target, citing rising competitive risks, most notably from one of Qualcomm’s largest customers. For years, Apple (AAPL) relied on Qualcomm’s modem technology to power iPhones, while Qualcomm chips also fueled a vast ecosystem of Android smartphones and Windows lapt ...

Market Overview - On February 4, US stock indices opened mixed, with the Nasdaq down 0.87%, the Dow Jones up 0.21%, and the S&P 500 down 0.29% [1] - Most tech stocks declined, with AMD dropping over 13% due to Q1 guidance falling short of some analysts' expectations [1][2] - Other notable declines included Meta down 1.86%, Nvidia down 0.9%, Amazon down 0.62%, and Microsoft down 0.29% [1] Company Performance - AMD's stock price was reported at $209.22, reflecting a decrease of 13.58% [2] - Meta Platforms' stock price was $678.826, down 1.86% [2] - Nvidia's stock price was $178.710, down 0.90% [2] - Amazon's stock price was $237.150, down 0.62% [2] - Microsoft’s stock price was $410.030, down 0.29% [2] - Tesla's stock price was $421.385, down 0.14% [2] - Intel's stock price was $49.345, up 0.19% [2] - Qualcomm's stock price was $150.990, up 2.59% [2] - Apple's stock price increased by 2.98% [1] Chinese Stocks - The Nasdaq Golden Dragon China Index fell over 2%, closing at 7457.16 points [3] - Major Chinese stocks experienced declines, with Kingsoft Cloud down 7.39%, NetEase down 6.93%, and Bilibili down 6.12% [3][4] - Baidu and Futu Holdings both dropped over 4.7%, while Tencent Music fell over 4.2% [3] Commodity Market - On February 4, spot gold rose by 0.93% to $4987.59, while spot silver increased by over 4.1%, reaching $89.57 per ounce [5][6] - Brent crude oil rose by 0.07% to $67.38 per barrel, while WTI crude oil fell to $63.19 per barrel, down 0.03% [6] Employment Data - In January, the US ADP employment numbers increased by 22,000, below the forecast of 45,000 and the previous value of 41,000 [8]

Market Overview - The U.S. stock market opened mixed on February 4, with the Nasdaq down 0.87%, the Dow Jones up 0.21%, and the S&P 500 down 0.29% [1] - Major tech stocks mostly declined, with AMD dropping over 13% due to Q1 guidance falling short of some analysts' expectations [1][2] - Other notable declines included Meta down 1.86%, Nvidia down 0.9%, Amazon down 0.62%, and Microsoft down 0.29% [1] Company Performance - AMD's stock price fell to $209.22, reflecting a decrease of 13.58% [2] - Meta Platforms reported a stock price of $678.83, down 1.86% [2] - Nvidia's stock price was $178.71, down 0.90% [2] - Amazon's stock price was $237.15, down 0.62% [2] - Microsoft reported a stock price of $410.03, down 0.29% [2] - Tesla's stock price decreased by 0.14% to $421.39 [2] - Intel's stock price increased by 0.19% to $49.35, while Qualcomm rose by 2.59% to $150.99, and Apple increased by 2.98% to $XXX [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell over 2%, closing at 7457.16 points [3] - Notable declines among popular Chinese stocks included Kingsoft Cloud down 7.39%, NetEase down 6.93%, and Bilibili down 6.12% [3][4] - Baidu and Futu Holdings both dropped over 4.7%, while Tencent Music fell over 4.2% [3] Commodity Market - On February 4, spot gold rose by 0.93% to $4987.59, while spot silver increased by over 4.1%, reaching $89.57 per ounce [5][6] - Brent crude oil rose by 0.07% to $67.38 per barrel, while WTI crude oil fell to $63.19 per barrel, down 0.03% [6] Employment Data - In January, the U.S. ADP employment numbers increased by 22,000, which was below the forecast of 45,000 and the previous value of 41,000 [8]

Group 1: Agricultural and Rural Development - The 2026 Central Document emphasizes modernizing agriculture and rural areas, aiming for comprehensive rural revitalization as a primary focus [2] - It highlights the importance of enhancing agricultural policies, ensuring food security, and improving rural living conditions to support China's modernization [2] Group 2: State-Owned Enterprises and Innovation - The State-owned Assets Supervision and Administration Commission (SASAC) is pushing for the development of strategic emerging industries and the transformation of traditional industries [3] - There is a focus on fostering technology-driven enterprises and enhancing collaboration between state-owned enterprises and research institutions to drive innovation [3] Group 3: Energy and Fuel Prices - Starting February 3, domestic gasoline and diesel retail prices will increase by 205 yuan and 195 yuan per ton, respectively, leading to an increase of 0.16 yuan per liter for 92-octane gasoline [4] Group 4: Technological Advancements and Investments - Shanghai is prioritizing the development of future industries such as brain-computer interfaces and fourth-generation semiconductors [5] - The Beijing Humanoid Robot Innovation Center has secured over 700 million yuan in market financing, marking a significant step towards market operation and industrialization [5] Group 5: Robotics and AI Innovations - Zhejiang University has launched the Bolt humanoid robot, which is currently the fastest in the world, capable of running at 10 meters per second [6] - A new AI-assisted puncture navigation robot has received approval for market entry, showcasing advancements in AI technology for clinical applications [6] Group 6: Market Movements and Stock Performance - The South Korean stock market experienced significant volatility, with the composite index dropping over 5% before rebounding and triggering a trading halt [9] - Major indices in the US and A-shares showed positive performance, with the Dow Jones increasing by 1.05% and the Shanghai Composite Index rising by 1.29% [14][15] Group 7: Semiconductor Industry Developments - Samsung and SK Hynix are planning to expand their advanced NAND flash memory production capacity, with Samsung discussing a monthly investment of 40,000 to 50,000 wafers [10] - Samsung Electro-Mechanics is advancing its semiconductor glass substrate project, aiming for commercialization by 2027 [11] Group 8: Corporate Mergers and Strategic Moves - Elon Musk announced the merger of SpaceX and xAI to create a space-based data center, emphasizing the need for AI infrastructure in space to meet growing energy demands [12]

Qualcomm Inc. (NASDAQ:QCOM) is one of the most undervalued quality stocks to buy right now. On February 2, Cantor Fitzgerald lowered its price target for Qualcomm to $160 from $185 while keeping a Neutral rating. Although the firm anticipates that Qualcomm will exceed expectations for the December quarter, it expects the company to issue conservative guidance for the upcoming periods, modestly below consensus for March and significantly below for June. This outlook is attributed to factors like Apple’s re ...

Group 1 - The fourth quarter earnings season is ongoing, with major companies like Alphabet, Amazon, AMD, Qualcomm, and Palantir reporting results [1] - As of January 30, 33% of S&P 500 companies have reported their fourth quarter results, with an estimated 11.9% increase in earnings per share, marking the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts initially expected an 8.3% increase in earnings per share, which was revised up due to strong performance from tech companies, following a 13.6% growth rate in the previous quarter [4] Group 2 - Big Tech companies are setting the tone for the earnings season, with ongoing capital expenditures and themes such as artificial intelligence and economic policies influencing market dynamics [5] - Upcoming earnings reports will include updates from companies like Disney, Chipotle, PepsiCo, Uber, and Snap, indicating continued investor interest in diverse sectors [5]

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 AI Stocks Analysts Are Watching. On February 2, Bernstein SocGen Group analyst Stacy Rasgon lowered the price target on the stock to $200.00 (from $215.00) while maintaining an “Outperform” rating. Despite certain risks, the firm is constructively positive on the stock driven by a developing undervalued growth narrative. Bernstein noted how the QCOM shares have lagged in recent months due to factors such as a general distaste of smartphones, AAPL roll ...