It's been a challenging start to 2026 for Qualcomm (QCOM +0.19%). The memory shortage is impacting the company's smartphone component sales, which is its core business. Its partnership with Apple could also end this year, as the tech giant is developing its own custom-designed modem chips to avoid relying on Qualcomm.Due to the negative news, Qualcomm's stock is down 25% year to date as of March 23. But it recently announced authorization of a $20 billion share buyback -- a sizable sum considering its marke ...

Group 1 - Qualcomm Inc. is set to report its second-quarter earnings, with Wall Street expecting an EPS of $2.81 and revenues of $10.65 billion [1][2] - The stock has declined by 11.44% over the past year and 4.40% year-to-date, yet it has outperformed the broader chip sector, which has seen declines of over 15% year-to-date for the iShares Semiconductor ETF and 14% for the VanEck Semiconductor ETF [1][2] - Analysts are particularly focused on the potential impact of renewed Trump-era tariffs and the expected phase-out of Qualcomm's modem chips by Apple Inc. [2] Group 2 - Technical indicators for Qualcomm stock show a mixed picture, with the stock currently at $146.88, indicating slight selling pressure but short-term momentum leaning bullish as it trades above its eight-day and 20-day simple moving averages [3] - Medium- to long-term signals are more cautious, as Qualcomm stock is below its 50-day simple moving average of $151.38 and its 200-day simple moving average of $163.63, indicating resistance and a broader downtrend [4] - The Moving Average Convergence Divergence (MACD) is at a negative 1.61, reinforcing a bearish undertone, while the Relative Strength Index (RSI) at 52.22 suggests a neutral stance [4] Group 3 - The consensus analyst rating for Qualcomm stock is currently a Buy, with a price target of $193.41 per share, indicating a potential upside of 10.39% [6] - Qualcomm stock closed at $146.88, down 0.50% on the trading day prior to the earnings report [6]