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Qualcomm Falls 5.76% Pre-market as Q3 Revenue and Profit Both Decline

On July 30, Qualcomm fell 5.76% pre-market to $146.717. The company reported its Q3 fiscal 2026 quarterly results. Q3 fiscal 2026 revenue was $9.95 billion, down 4% year-over-year, beating Wall Street's previous expectations of $9.7 billion. Net profit was $2 billion, down 25% year-over-year. For Q4, Qualcomm provided revenue guidance of $9.7 billion to $10.5 billion, roughly in line with the analyst consensus estimate of $10 billion.

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