Should You Avoid QCOM Stock Amid Declining Estimate Revisions?

Key Takeaways QCOM earnings estimates for FY26 and FY27 cut 7.3% and 8.4% in 60 days, signaling bearish sentiment.QCOM faces China trade restrictions, weaker spending and rising inventory among smartphone customers.QCOM sees Q2 FY26 revenue of $10.2B$11B, with handset sales near $6B amid reduced chip orders.Earnings estimates for Qualcomm Incorporated (QCOM) for fiscal 2026 and fiscal 2027 have declined 7.3% and 8.4%, respectively, to $11.20 and $11.45 per share over the past 60 days. The negative estimate ...