Qualcomm is trading 4.5% down at $148.67 following its fiscal Q3 2026 earnings report, as soft guidance and handset segment weakness weigh on investor sentiment.
- The company posted a strong EPS beat, highlighted by a 61% year-over-year surge in automotive revenue.
- Cautious forward-looking guidance and persistent handset market challenges are offsetting the earnings beat.
- The downward move is occurring against a backdrop of broader weakness across the semiconductor sector and equity markets.