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QCOM stock earnings preview: what to expect from Qualcomm's Q4 report. Follow this Author Qualcomm (QCOM) will release its fourth-quarter fiscal 2026 results on Wednesday, Nov. 4. The report is likely to highlight persistent headwinds affecting the company's financial performance, with revenue and earnings constrained by challenges in its CDMA Technologies (QCT) business and its data center product investments. Despite these near-term pressures, Qualcomm's longer-term growth outlook remains encouraging. Its efforts to diversify beyond its traditional handset business are opening up opportunities across automotive technology, the Internet of Things (IoT), data center computing, and AI infrastructure. However, in the near-term, QCOM's top and bottom lines could remain under pressure. Qualcomm Q4 outlook. Qualcomm's near-term growth outlook remains challenged by persistent weakness in the Android smartphone market, investments in data center products, and a lower revenue contribution from Apple (AAPL). The rapid expansion of AI infrastructure has redirected memory supply toward data centers, tightening availability, and increasing costs for smartphone manufacturers. These supply-side pressures have prompted several Android OEMs, mainly in China, to reduce production volumes, creating headwinds for Qualcomm's handset business. Management indicated that QCT handset revenue from Chinese OEMs likely reached a trough in the third quarter, with sequential growth expected to return to double-digit levels in the fourth quarter. However, this recovery may not offset broader industry weakness and declining Apple-related revenue. Consequently, Qualcomm's handset business is likely to remain under pressure in the near term. Qualcomm forecasts fourth-quarter revenue of $9.7 billion to $10.5 billion, implying a midpoint of $10.1 billion, about 10% below the prior-year period. QCT revenue is projected at $8.4 billion to $9.0 billion, compared with $9.8 billion a year earlier. QCT handset revenue is expected to reach about $5.2 billion, down roughly 25% year over year. Although improving sequential demand from Android manufacturers should provide some support, lower Apple-related revenue is expected to outweigh the benefit. Qualcomm anticipates a sharper reduction in Apple product revenue beginning in the fourth fiscal quarter, as its share of components for the upcoming iPhone launch is expected to decline materially. Management projects Apple-related revenue to fall by approximately 50% between the September and December quarters. This anticipated contraction represents a significant near-term headwind. Within QCT, the Internet of Things (IoT) business is expected to deliver revenue broadly in line with the year-ago quarter. Double-digit growth across industrial, networking, and robotics applications should support performance, though memory-related constraints affecting tablets and other consumer-oriented products are likely to offset these gains. By contrast, Qualcomm's automotive business is expected to remain a key growth driver, with management forecasting another record quarter and approximately 60% year-over-year revenue growth. Continued expansion in automotive connectivity and computing solutions could help diversify Qualcomm's revenue base over time. Qualcomm Technology Licensing (QTL) revenue is projected to range between $1.2 billion and $1.4 billion, with a midpoint of $1.3 billion. This would represent a decline from the $1.4 billion reported in the prior-year quarter. At the earnings level, Qualcomm forecasts adjusted fourth-quarter earnings per share of $2.05 to $2.25, down from $3.00 in the corresponding period last year. The anticipated decline reflects lower revenue, weaker handset economics, and continued investment in the company's data center product roadmap. Analysts remain divided on QCOM stock. Qualcomm's Q4 FY2026 results are likely to reflect continued pressure on revenue and earnings, driven by smartphone market weakness, declining Apple-related revenue, and ongoing data center investments. Despite a consensus analyst rating of "Moderate Buy," sentiment remains mixed, with most analysts maintaining "Hold" or "Sell" recommendations ahead of the quarterly earnings announcement. From a longer-term perspective, however, Qualcomm's expanding presence in automotive technology, the IoT, and AI infrastructure provides potential avenues for sustainable growth. The company now targets more than $40 billion in non-handset QCT revenue by FY2029. Automotive and IoT are expected to account for over $24 billion of this total, while data center-related opportunities could contribute more than $15 billion. Overall, QCOM's long-term prospects remain solid. However, in the near term, its top and bottom line could remain under pressure. On the date of publication, Amit Singh did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More News from Barchart

Anduril and Qualcomm Target 2027 debut for domestically built defense laptop. Defense firm Anduril and semiconductor maker Qualcomm have partnered to produce a laptop built entirely in the United States, targeting a 2027 debut that meets federal Buy American thresholds. Oct 29, 2026 - 0 views Discover more Trade Crypto Now Trade Forex Learn AI Tools Defense technology company Anduril has teamed up with semiconductor designer Qualcomm to develop a personal computer built completely within the United States. Unveiled as part of a joint initiative, the primary device - dubbed the BlueChip laptop - is slated to debut in 2027 while complying with domestic procurement benchmarks set by federal regulations. The partnership represents an ambitious effort to counter decades of offshoring across the consumer electronics sector, with both firms outlining an ultimate objective of fostering a comprehensive, nationwide manufacturing ecosystem for computing hardware. Meeting federal Sourcing mandates. A central element of the BlueChip rollout is compliance with the Buy American Act. Federal guidelines require goods sold to government agencies to feature a substantial proportion of domestically produced parts and assembly. Key details of the production plan include: * Procurement Thresholds: Anduril confirmed the device will meet or exceed federal domestic content requirements when it launches. Under current standards, such items generally must derive at least 65 percent of their component value domestically. * Target Audience: The laptop is being designed primarily with defense personnel, government agencies, and related national security contractors in mind. * Component Sourcing: Developing a compliant platform requires shifting critical electronics - ranging from motherboards to processors - to facilities operating inside American borders. Achieving complete domestic independence remains a complex hurdle. While consumer electronics assembly takes place across multiple international hubs, modern personal computers rely heavily on specialized parts produced almost exclusively in East Asia, including advanced display panels, specialized passive electronics, and high-density memory chips. Overcoming supply chain hurdles. The modern computing supply network is notoriously dispersed. While United States companies design many of the world's leading microprocessors, fabrication and physical packaging typically rely on foundries and assembly facilities located overseas. Under the arrangement, Qualcomm will contribute processing silicon to power the hardware, while Anduril oversees design integration, security protocols, and final assembly logistics. Both companies are banking on recent federal incentives aimed at bolstering national microchip production to help close persistent supply chain gaps ahead of the 2027 release window. Industry observers note that launching even a single fully domestic model poses steep cost and logistical challenges. However, rising geopolitical friction and mounting concerns over cyber vulnerabilities embedded in foreign-manufactured tech have accelerated government interest in secure, verifiable domestic supply pipelines. Whether the BlueChip project can expand beyond specialized military contracts into broader enterprise markets will depend largely on how quickly local component infrastructure can scale over the next several years.

Oman's Phaze Ventures launches two AI funds targeting over $75 million. News - 28 October, 2026 * Oman-based Phaze Ventures has launched two venture capital funds targeting more than $75 million combined, securing over $40 million in investor commitments to date. The funds will invest in artificial intelligence and deeptech startups in Oman and international markets. * Phaze Ventures Fund II is anchored by ITHCA Group, a subsidiary of Oman Investment Authority, as well as Ominvest and Oman LNG Development Foundation. The second vehicle, Phaze Ventures Oman Fund, is backed by Future Fund Oman and will focus on domestic AI-enabled businesses. * Founded in 2018 by Abdullah Al Shaksy, Mohammed Al Wahaibi and Masoud Al Rawahi, Phaze Ventures invests in early-stage AI and deeptech companies, with a focus on the GCC and North America. The firm has offices or team members in Muscat, Dubai and Riyadh. * The two funds have made 10 investments, including Arabic.AI, Sully.ai, Andromeda Surgical, Boardy.ai and Metal. Phaze Ventures manages capital for more than 50 investors, including sovereign entities, corporations and family offices across the Gulf and other markets. Oman-headquartered Phaze Ventures announced the launch of two new venture funds targeting over $75 million. Phaze Ventures Fund II, anchored by ITHCA Group (a subsidiary of Oman Investment Authority), Ominvest and Oman LNG Development Foundation, continues the firm's global AI and deeptech investment mandate, while Phaze Ventures Oman Fund, anchored by Future Fund Oman, establishes a dedicated capital pool for homegrown AI-enabled businesses. Together, the two-fund venture platform has secured over $40 million in investor commitments, with ongoing discussions to grow the funds to $75 million. The announcement comes as Oman builds the International Financial Centre of Oman, a new hub for international companies and investors. "AI is the most disruptive technology shift of our generation. Oman and the Gulf can't afford to be spectators, and our participation can't be limited to playing catch-up through investments in hyperscalers, data centres and public market offerings. We need to invest in the founders disrupting industries at home and across the globe, and we need to be a part of that disruption early," said Abdullah Al Shaksy, Co-founder and CEO of Phaze Ventures. The new funds' first 10 investments include Arabic.AI, Sully.ai, Andromeda Surgical, Boardy.ai and Metal, with co-investors including a16z, 8VC, Standard Capital, Y Combinator and Baidu Ventures. "We back founders who combine domain expertise with strong engineering and learn from every real-world deployment," said Masoud Al Rawahi, Co-founder and Partner at Phaze Ventures. Nour Al Hassan, Founder and CEO of Arabic.AI, said: "Getting to know the Phaze Ventures team convinced me they were the right partners. They shared our ambition to build AI our region can own and our long-term commitment to make it happen." Arabic.AI develops Arabic-language enterprise AI, supported by investment from Saudi Arabia's HUMAIN and a partnership with Qualcomm Technologies. Ahmed Omar, Co-founder and CEO of Sully.ai, said: "Phaze Ventures understood early how Sully could leverage AI to bring more capacity and real returns to the global healthcare system. They backed us every step of the way as we scaled globally, and were able to connect us with healthcare providers who could put our product to work." NVIDIA highlighted Sully.ai in a case study showing a 90% reduction in inference costs and a 65% improvement in response times for medical workflows. That early conviction extends to Andromeda Surgical, which Phaze Ventures backed before its US$15 million Series A led by Standard Capital. Nick Damiano, Co-founder and CEO of Andromeda Surgical, said: "Phaze Ventures didn't shy away from a frontier problem like building the autonomous AI-guided future of robotic surgery. They recognised our team's rare combination of medical and autonomy expertise, backed us early, and have been proactive in opening doors through their regional network." The new fund platform has backed players in the capital markets ecosystem, including Metal and Boardy.ai. Phaze Ventures invested in Metal's seed round alongside Y Combinator and a16z. Metal's AI fundraising platform helps hundreds of founders manage their capital raise uses AI to connect founders with investors, customers and talent. Usman Gul, Founder and CEO of Metal, said: "In today's venture landscape, slow capital is expensive. I've raised from some of the world's leading venture firms, and Phaze Ventures brings the same speed and foresight. They moved quickly to back us early and became committed partners as we rapidly scaled Metal's AI-driven operating system for founders raising venture rounds." A two-time founder, Usman previously raised US$120 million from investors including First Round Capital and 20VC. With team members in Muscat, Dubai and Riyadh, Phaze Ventures manages capital for over 50 investors, including sovereign entities, listed companies, corporates, family offices and business families across Oman, Saudi Arabia, Bahrain, India and beyond. "Investors across Oman and the Gulf want a stake in the next generation of AI companies while they are still taking shape. This platform is our answer" said Mohammed Al Wahaibi, Co-founder and Partner at Phaze Ventures.