---
symbol: "QCOM"
name: "Qualcomm"
date: 2026-11-05
change_pct: -8.262673642431885
direction: "down"
event_type: "guidance"
url: "https://perplo.app/why/QCOM/2026-11-05"
updated_at: 2026-11-05T14:07:26.512Z
---

# Why Qualcomm (QCOM) fell 8.26% on November 5, 2026

Qualcomm (QCOM) fell 8.26% on November 5, 2026 — Qualcomm's $2.35 forecast fails to impress.

## What happened

Qualcomm fell 8.3% after its earnings forecast, which called for $2.35 in results, failed to impress Wall Street. The miss on the outlook, not the quarter itself, drove the selloff.

## Why it moved

For a chip designer, the forward EPS number sets the multiple, so a soft outlook forces investors to re-price the stock lower.

## Why it matters

Qualcomm sits in the Chip Supply Chain theme, where AI capex had lifted the broad semis complex. This drop shows that the lift is no longer carrying every name, and company-specific guidance now matters again.

## What would break the thesis

A guidance raise or stronger design-win momentum in the next update would reverse the selloff. If handset demand keeps weakening, the lower multiple could persist.

## Sources

- [Why Qualcomm stock is tumbling today](https://finnhub.io/api/news?id=01bb3ccac8a2652d60acc66ec021ac3fde00300fc98617bd7f255ff4dd097b48) — Yahoo
- [Qualcomm stock slumps 10% on margin headwinds, rising costs](https://www.investing.com/news/stock-market-news/qualcomm-falls-3-as-handset-revenue-misses-estimates-costs-rise-5001230) — Investing.com
- [Asian chip stocks slide as disappointing Qualcomm, Arm earnings weigh](https://www.investing.com/news/stock-market-news/asian-chip-stocks-slide-as-disappointing-qualcomm-arm-earnings-weigh-5002173) — Investing.com

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