Qualcomm stock faces November 4 test as StoneX keeps Buy rating

Published on 11/03/2026 at 17:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qualcomm stock faces a results test after StoneX retained its Buy rating and USD 270 target. Investors will focus on fiscal 2027 guidance.

Qualcomm faces a results-driven test

StoneX retained its Buy rating and USD 270 price target ahead of Qualcomm's fiscal fourth-quarter report.
The analyst expects automotive growth and improving China and Samsung handset trends to support a modest beat and raise.
Investors will focus on fiscal 2027 guidance and the pace of Qualcomm's data-center expansion.

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StoneX retained its Buy rating and USD 270 price target for Qualcomm ahead of the company's fiscal fourth-quarter and full-year 2026 results due after the US market close on Wednesday, November 4. The recommendation was reported by Investing.com on November 2 and updated on November 3.

Qualcomm stock traded at 145.83 euros on Lang & Schwarz at 5:33:18 p.m. CET on Tuesday, November 3, 2.35 percent below the Xetra close of 149.34 euros on Monday, November 2. The real-time quote of Qualcomm stock provides the latest trading indication.

StoneX sees room beyond handsets

StoneX's model calls for fiscal fourth-quarter revenue of USD 10.14 billion and earnings per share of USD 2.15, broadly matching the consensus figures cited by Investing.com. Its call view anticipates revenue between USD 10.3 billion and USD 10.4 billion and earnings per share between USD 2.20 and USD 2.25.

The firm cited a recovery among China original-equipment manufacturers, a stronger Samsung premium mix and record automotive revenue. That outlook places Qualcomm's automotive business at the center of the near-term diversification case as handset demand and Apple-related revenue remain key risks.

For the December quarter, StoneX expects Qualcomm to guide to a revenue midpoint of USD 10.6 billion and earnings per share of USD 2.30. Consensus cited by Investing.com stands at USD 10.51 billion and USD 2.27, respectively.

Guidance will shape the next debate

Qualcomm is scheduled to discuss the results during a conference call on Wednesday. Investors will be watching the handset trajectory, automotive growth and the scale of any data-center contribution, with fiscal 2027 guidance likely to shape expectations beyond the reported quarter.