Research Feed
Qualcomm's $2.3B Data Center Bet Meets 43% Idiosyncratic Reality
Qualcomm reported record Q1 FY2026 revenue ($12.25B vs $12.23B est) and beat EPS ($3.50 vs $3.41), then guided Q2 revenue below consensus ($10.2-11.0B vs $11.02B est, miss of $420M or 4%). Stock dropped 10% after-hours Feb 4, down 18% over 1 month. The beat-then-guide-down wasn't execution failure.