Key Highlights

  • Qualcomm fell 7% after hours despite Revenue of USD 10.44 billion that beat expectations, according to published coverage dated November 5, 2026.
  • Revenue still fell 7% from a year earlier, and mobile revenue dropped 26%, which the coverage treats as the main weak spot in the report.
  • Next-quarter Earnings Per Share guidance had a midpoint below the USD 2.27 consensus, and the coverage points to that outlook as the main reason the shares fell.
  • One published summary says the shares had closed up 5.3% earlier on a SpaceX Starlink 5G deal, so the after-hours drop came after a gain tied to that agreement.

What Moved Qualcomm Today (7%)

Qualcomm (NASDAQ:QCOM) reported revenue of USD 10.44 billion, which beat the expectations cited in published coverage, but revenue still fell 7% from a year earlier. The sharper weakness was in mobile, where revenue fell 26%, according to the same summaries. A beat on the Top Line combined with a falling year-over-year figure is a mix that markets read carefully, because the headline total and the growth rate tell different stories about the business.

Why the Guidance Mattered More

Guidance is where the after-hours move came from in the published coverage. The next-quarter earnings per share midpoint sat below the USD 2.27 consensus, and that gap matters because forward estimates set much of the value investors attach to a stock today. When guidance comes in under what analysts expect, the expected earnings path falls, and the share price tends to adjust before the next report arrives. The exact guidance range is not given in the coverage, so the midpoint comparison is the only figure available for that judgment.

What Remains Uncertain

The SpaceX link is a separate thread. One published summary says the shares had closed up 5.3% on a deal tied to SpaceX's Starlink 5G service, and the after-hours decline came after that gain. Qualcomm (NASDAQ:QCOM) can move sharply on deal news, but a deal headline does not show how much revenue it will add. Investors should also note that the 5.3% gain comes from one summary, and that after-hours prices can move again before the regular session opens. The regular session will show whether the decline holds once trading resumes, and the company release will show the guidance detail that the summaries condense.

Where Things Stand

Published coverage links the 7% after-hours fall in Qualcomm (NASDAQ:QCOM) to next-quarter earnings per share guidance with a midpoint below the USD 2.27 consensus, even though revenue of USD 10.44 billion beat expectations. Revenue was down 7% year over year and mobile revenue fell 26%, according to the same coverage. These after-hours figures are reported and can differ from the final regular session move, so readers should check the company release for the final guidance before drawing firm conclusions.