Key Highlights

  • Qualcomm (NASDAQ:QCOM) closed at USD 156.75 on November 5, 2026, down 9.49%, according to two published tallies, while a third account put the decline at 19%.
  • Phone chip sales fell 26% and missed estimates, with coverage citing weak Demand tied to memory shortages and lower Revenue from Apple.
  • Overall Earnings beat estimates, but a light first-quarter Earnings Per Share outlook and a delayed gross Margin recovery pressured the shares.
  • Qualcomm expects businesses outside phones to grow more than 60% in fiscal 2027, according to published coverage of the report.

Conflicting Reports on the Size of Qualcomm's Drop

Qualcomm (NASDAQ:QCOM) closed at USD 156.75 on November 5, 2026, down 9.49%, according to two published market tallies. A third report said the shares fell 19% despite a strong quarterly report. The two cannot both describe the same close. A 9.49% drop implies a prior close near USD 173.19 (calculated), while a 19% fall would put the close near USD 140.3 (calculated), far from the quoted price. The better-supported figure is 9.49%, and the 19% claim is treated as unconfirmed, possibly an intraday or erroneous number.

Phone Chip Sales Fall 26% as Memory Shortages Bite

Qualcomm reported fiscal fourth-quarter results just before the November 5 session. Phone chip sales fell 26% and missed estimates on weak demand and lower revenue tied to Apple. Overall earnings still beat expectations. The company has said elevated memory prices have weighed on global smartphone demand, since handset makers must pay more for memory and tend to cut volumes. In late July, it already described memory costs as a cyclical headwind for fiscal 2026. The first-quarter earnings per share outlook was described as light, and one report said guidance pushed out its gross margin recovery. Revenue and exact earnings figures were not confirmed in the pages checked, so this article does not quote them. The Apple link matters because Apple has been a large customer for Qualcomm's modem chips, and lower revenue from it weighs directly on the handset line.

Growth Beyond Phones and the Risks That Remain

Management said businesses outside phones, such as automotive and other connected products, should grow more than 60% in fiscal 2027. That is a company projection, not a result, and it starts from a smaller base than the handset business. Risks include prolonged memory shortages, reliance on a few handset customers, and the pace at which new segments can offset phone declines. Chip stocks also fell sharply on November 5, with the Philadelphia Semiconductor index down 11% to 12%, so part of the drop may reflect sector selling rather than only company news. A 9.49% decline is still large for a company of this size and, if accurate, would have removed a large amount of market value, although no market Capitalization figure was verified here. Investors tend to focus on guidance after results, and a cautious outlook can outweigh a beat on the quarter.

Where Things Stand

Reports differ, but the better-supported answer is that Qualcomm (NASDAQ:QCOM) fell 9.49% to USD 156.75, not 19%. Two tallies agree on the first number, and the 19% figure is inconsistent with the quoted price. The cause was a 26% slump in phone chip sales and a light first-quarter outlook, even though overall earnings beat, amid a wider chip selloff. Readers should also note that single-day figures vary by data provider and timing. Investors will watch memory pricing, handset demand, the margin recovery timeline and progress in non-phone businesses.