After-hours plunge! Smartphone business drag combined with memory cost squeeze, Qualcomm (QCOM.US) Q1 earnings guidance falls short of expectations

Zhitong Finance APP has learned that Qualcomm (QCOM.US) released its fiscal 2026 fourth-quarter (ended September 27) financial results after the U.S. market close on November 4: GAAP revenue was $10.322 billion, down 8% year-over-year, above the market expectation of $10.1 billion; non-GAAP diluted earnings per share were $2.17, down 28% year-over-year, slightly beating the expected $2.16.