QCOM

SAN DIEGO, Oct. 22, 2026 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company's financial results for its fourth quarter and fiscal 2026 on Wednesday, November 4, 2026, after the close of the market on the Company's Investor Relations website, at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov. Qualcomm will host a conference call to discuss its fourth quarter and fiscal 2026 results which will be broadcast live on November 4, 2026, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/investor-events/default.aspx. An audio replay will be available at https://investor.qualcomm.com/news-events/investor-events/default.aspx and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13762625. About Qualcomm Qualcomm is a global computing leader at the center of the AI era, enabling intelligence to scale from the most personal devices to large‑scale infrastructure. Building on more than four decades of innovation, we develop platforms and solutions that bring together advanced AI, high‑performance, low power computing and industry‑leading connectivity—powering products and services used around the world. At Qualcomm, we are engineering human progress. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated. Qualcomm, Snapdragon, Qualcomm Dragonwing and Qualcomm Dragonfly are trademarks or registered trademarks of Qualcomm Incorporated. For more information, visit www.qualcomm.com. Qualcomm Contact: Brett Simpson Senior Vice President, Investor Relations Phone: (858) 658-4813 Email: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/qualcomm-schedules-fourth-quarter-and-fiscal-2026-earnings-release-and-conference-call-302916111.html

- Susquehanna expects "modest upside" to third-quarter semiconductor earnings and fourth-quarter guidance, citing AI demand and a continuing broader industry upcycle. - The firm raised its AMD price target to $620 from $550 and Qualcomm to $185 from $160, maintaining its ratings. - Susquehanna cut targets on Coherent and Onsemi, but maintained 'Positive' ratings on both. Advanced Micro Devices Inc. (AMD) and Qualcomm Inc. (QCOM) saw their price targets raised by Susquehanna on Wednesday, while Intel Corp. (INTC) and Coherent Corp. (COHR) faced cuts as the firm revised its outlook for semiconductor stocks ahead of quarterly earnings. Susquehanna expects "modest upside" to third-quarter earnings and fourth-quarter guidance, driven largely by artificial intelligence (AI) demand, while the broader semiconductor upcycle continues, according to The Fly. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox At the time of this writing, QCOM and AMD stocks were trading nearly 1% higher, while COHR was up more than 1%. Meanwhile, INTC shares were in the red. Susquehanna raised AMD's price target to $620 from $550, maintaining a 'Positive' rating. It also raised QCOM's target to $185 from $160 and Skyworks Solutions' (SWKS) target to $90 from $65, maintaining 'Neutral' ratings on both. The revisions come as AMD expects third-quarter revenue of approximately $13 billion, plus or minus $300 million, representing roughly 41% year-over-year growth at the midpoint. AMD's second-quarter revenue rose 50% to $11.5 billion, including a 107% jump in data-center revenue to $6.7 billion, driven by demand for EPYC processors and Instinct graphics processing units. Qualcomm, meanwhile, reported fiscal third-quarter revenue of $9.9 billion in July and expects non-handset revenue growth, including data centers, to exceed 60% in fiscal 2027, compared with 24% in fiscal 2026. Susquehanna cut its price targets by 20% for ON stock, about 18% for COHR stock, 17% for WOLF and 9% for INTC. The firm maintained 'Positive' ratings on Onsemi and Coherent and 'Neutral' ratings on Wolfspeed and Intel, according to The Fly. Coherent, which supplies optical technologies used in AI infrastructure, reported fiscal fourth-quarter (Q4) revenue of $2.05 billion and forecast fiscal first-quarter (Q1) 2027 revenue of $2.2 billion to $2.4 billion. Intel, meanwhile, forecast third-quarter revenue between $15.8 billion and $16.8 billion after reporting 25% year-over-year growth in second-quarter sales. The target reductions came despite Susquehanna's broader expectations for modest upside in semiconductor earnings. The firm did not change its ratings on any of the seven companies. Company | Previous Target | New Target | Rating AMD (AMD) | $550 | $620 | Positive Qualcomm (QCOM) | $160 | $185 | Neutral Skyworks (SWKS) | $65 | $90 | Neutral Coherent (COHR) | $425 | $350 | Positive Onsemi (ON) | $150 | $120 | Positive Intel (INTC) | $115 | $105 | Neutral Wolfspeed (WOLF) | $30 | $25 | Neutral Susquehanna's Revised Price Targets And Ratings For Semiconductor Stocks (Oct. 21, 2026) Intel is scheduled to report third-quarter results on October 29, followed by AMD on November 3. The reports are expected to offer investors a clearer picture of whether AI-driven demand is translating into stronger revenue and earnings guidance across the semiconductor industry. On Stocktwits, retail sentiment toward AMD and INTC was 'neutral,' while COHR, SWKS, ON and WOLF were in 'bearish' territory. Sentiment around QCOM stock stood out as 'extremely bearish'. So far in 2026, AMD stock has gained over 143%, closely followed by Intel at 132%. ON stock has risen over 34%, WOLF shares about 23%, SWKS stock up nearly 27%, and COHR up around 21%. Qualcomm has lagged the group, gaining just over 2% so far this year. See Also: Yardeni's Meter Sees AI Bubble, But No Burst Yet — Only 9% Of Similar Cases Saw A Bear Market Within 2 Years For updates and corrections, email newsroom[at]stocktwits[dot]com Harshita Tyagi has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: - FUN Stock Heads For 4th Week Of Loss: Analyst Sees 29% Downside Ahead Of Earnings As Mounting Debt, Weak Sales Loom - Nuclear Energy Analyst Roundup: Wall Street Weighs In On OKLO, SMR, CEG, VST, LEU Stocks - TSLA, SPCX Slip Overnight: Musk Reportedly Pushes Merger Before Trump's Exit — ARK Sees Tesla Holders '5x Better Off' By 2036

QUALCOMM Incorporated (NASDAQ:QCOM) sells more technology into vehicles while its larger smartphone business weakens. That makes automotive diversification important, but it raises a practical question: can the new growth get big enough to protect overall profits? At roughly 20 times forward earnings, investors pay for progress beyond handsets before automotive revenue can fully replace that exposure. Compare Qualcomm's vehicle-chip opportunity with the 10 Best Autonomous Vehicle Stocks to Buy Now. Modern vehicles need chips for connectivity, digital displays, safety functions, and increasingly capable driver assistance. Qualcomm can benefit from that growing computing content without running a robotaxi fleet. Its automotive strategy combines hardware and software across vehicle functions. Snapdragon Ride Pilot, built with BMW, shows the opportunity in advanced driver assistance. These systems still differ from unrestricted driverless operation. The investment case rests on selling useful technology into production vehicles, not on every design becoming a fully autonomous car. QUALCOMM Incorporated (NASDAQ:QCOM)'s July 29 earnings release reported fiscal third-quarter automotive chip revenue of $1.59 billion, up 61% year over year. Qualcomm sells technology rather than operating a fleet. Our autonomous driving stocks list compares that supplier model with other approaches. That is meaningful growth. But handset chip revenue fell 20% to $5.09 billion, and total QCT chip revenue fell 5% to $8.50 billion. The comparison explains the central tension. Automotive grows fast, but a decline in the larger handset business can still outweigh its gains. Fast growth in a smaller business does not automatically lift the whole company. Qualcomm reported total quarterly revenue of $9.9 billion and adjusted EPS of $2.21. Investors should judge the diversification story alongside the performance of the established earnings base. Management also pointed to rising semiconductor input costs across manufacturing, packaging, memory, and other materials. It expects pricing actions to help margins as those changes take effect. That adds another condition for the recovery. Selling more chips matters less if higher production costs eat the extra revenue. QUALCOMM Incorporated (NASDAQ:QCOM)'s discussion of automotive scale describes relationships with manufacturers worldwide. Those relationships widen its opportunities, but they do not remove cost pressure or guarantee when customers will start production. Automotive growth does not remove chip-industry cost pressures. Compare other suppliers in our semiconductor stocks with upside potential. Qualcomm generated $8.41 billion in operating cash flow during the first nine fiscal months, against $10.02 billion a year earlier. That is still a large source of funding, but it also shows why automotive growth alone cannot replace better company-wide cash generation. Qualcomm trades at 22.66 times trailing earnings and 19.65 times forward earnings. Investors pay about $20 for each $1 of annual earnings analysts expect. The lower forward multiple reflects expectations for a stronger earnings base. More automotive revenue and pricing that offsets higher input costs could both contribute. The main uncertainty is whether those gains can outpace continued handset weakness. The forward P/E sits above the 13.26 it showed on June 30, 2025, and the 11.68 on March 31, 2026. Qualcomm gets more credit per dollar of forecast earnings, so it has not become cheaper against those comparisons. Its growing automotive opportunity gives a reason to rethink the earlier discount, but the shrinking QCT revenue base makes the higher valuation hard to justify right away. Qualcomm needs manufacturers to turn designs into production. Our self-driving car stocks list examines other companies developing that market. The technology-sector median is 21.01 times forward adjusted earnings, and Qualcomm's multiple sits near that broad benchmark. A modest apparent discount does not settle the question when the shift between its businesses remains unfinished. At the end of Q2 2026, 95 hedge funds held QUALCOMM Incorporated (NASDAQ:QCOM), up from 71 in Q1. Their combined stakes totaled $4.04 billion, against $2.07 billion. Qualcomm's automotive progress supports holding the shares, but the higher forward multiple makes a new purchase less compelling while handset revenue shrinks. A stronger buying case needs automotive growth and better pricing to restore broader profit and cash flow growth. Evidence of that shift would justify more confidence. If diversification keeps growing without improving the company's overall results, investors could pay more for a transition that takes longer than expected. Compare Qualcomm's diversification challenge with the other 10 Best Autonomous Vehicle Stocks to Buy Now. While we acknowledge the risk and potential of QCOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QCOM and that has 10,000% upside potential, check out our report about this cheapest AI stock. Read next: 10 Best Semiconductor Stocks to Buy According to Billionaires and 15 Best AI Stocks to Buy and Hold for the Next 5 Years. Disclosure: None. Follow Insider Monkey on Google News.

- The S&P 500 ended Tuesday 0.3% higher, the Nasdaq 100 slipped 0.1%, and the Dow Jones Industrial Average added 1%. - SpaceX posted $4.4 billion in net income for the quarter ending September. - 3M beat earnings expectations for the September quarter and raised its full-year guidance. The S&P 500 and Dow Jones index ended higher on Tuesday as investors braced for the start of earnings season, with 3M shares helping the Dow and strong SpaceX earnings pushing the Nasdaq after hours after a robust earnings print. The S&P 500 ended Tuesday 0.3% higher, the Nasdaq 100 slipped 0.1%, and the Dow Jones Industrial Average added 1%. The Russell 2000, which tracks small-cap stocks, ended 1.7% higher. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox Futures tied to the Dow Jones Industrial Average rose 0.1%. S&P 500 futures gained 0.4% and Nasdaq-100 futures added nearly 1%. The SPDR S&P 500 ETF (SPY) rose 0.6%, and the SPDR Dow Jones Industrial Average ETF (DIA) added 1%. Meanwhile, the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) eased 0.1% on Tuesday. Meanwhile, the VanEck Semiconductor ETF (SMH) and the iShares Semiconductor ETF slipped about 0.4% on Tuesday amid weakness in Micron Tech (MU), Nvidia (NVDA), Broadcom (AVGO), and most other silicon makers. The broader Vanguard Information Technology ETF (VGT) dropped 0.1%. However, all the above tech and semiconductor ETFs recovered after-hours. Retail sentiment on Stocktwits for SPY and DIA was 'bearish' with 'high' message volumes, while sentiment improved to 'neutral' from 'bearish' for the QQQ. Index | Move | Close Dow Jones Industrial Average | 1% | 52,495.88 S&P 500 | 0.3% | 7,712.57 Nasdaq 100 | -0.1% | 29,490.28 The Dow Jones Industrial Average pushed higher behind impressive quarterly reports. Shares of conglomerate 3M advanced over 5% after topping Wall Street estimates and lifting its full-year outlook. Defense contractor Northrop Grumman climbed more than 4% following a quarter that surpassed expectations. At the same time, crude prices retreated, lifting market mood. Domestic West Texas Intermediate futures eased 1.8% to close at $101.79 per barrel, whereas Brent crude futures dipped 0.7% to $108.79, also aiding the Dow. Meanwhile, SpaceX reported third-quarter revenue of $14.58 billion, compared to an estimated $13 billion, and earnings of $0.35 a share, against an expected $0.13. Furthermore, SpaceX and Tesla formed special committees of independent directors to explore a potential combination, CEO of both companies Elon Musk said on Tuesday during SpaceX's third-quarter earnings call amid heightened market speculation. The rocket maker's strong earnings helped push the Nasdaq up 1% after-hours. The key question is whether recent growth rates can be sustained as comparisons become more demanding and macroeconomic risks persist, according to Ulrike Hoffmann-Burchardi at UBS Chief Investment Office. "We expect a strong third-quarter tech earnings season from a fundamental perspective, but elevated expectations may lead to company-specific volatility," Burchardi told Bloomberg. Claude maker Anthropic is gearing up for a blockbuster initial public offering that could value the firm at up to $2 trillion, according to confidential draft prospectus documents viewed by The Wall Street Journal. The Federal Aviation Administration (FAA) on Tuesday certified Boeing's (BA) 737 MAX 10, clearing the largest version of the jet family for production and delivery after years of delays and safety concerns. Netflix Inc.(NFLX) on Tuesday reported third-quarter earnings that beat Wall Street expectations, but its shares fell 5% in after-hours trading after the streaming firm issued a soft revenue outlook for the fourth quarter, setting it up for the fourth consecutive period of decelerating sales growth. Kroger Co.(KR) is committing $5 billion to sharpen its value proposition, slash everyday grocery costs, and capture a larger share of the household budget. Qualcomm (QCOM) is preparing to downsize its global workforce through a performance-focused reduction strategy, Reuters reported on Tuesday. Read More: Anthropic's New Prospectus Shows Revenue Is Growing Fast, So Are Its Compute Costs, Losses And AI Risks: Report For updates and corrections, email newsroom[at]stocktwits[dot]com. Shashank Nayar has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: - HOOD Stock Rises Overnight: Market 'Underappreciates' The Robinhood Story, Says Analyst - NFLX Stock Tumbles Overnight: Co-CEO Wants Netflix To Be Last Service Customers 'Ever Cancel', Says Live Events 'Drive New Membership' - SPCX Stock Jumps Overnight: Musk Teases $1 Trillion Revenue By 2028 — Analyst Sees 95% Tesla Merger Odds In 2 Years

The end of the earnings season is always a good time to take a step back and see who shined (and who didn't). Let's take a look at how processors and graphics chips stocks fared in Q2, starting with Qualcomm (NASDAQ:QCOM). The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The 9 processors and graphics chips stocks we track reported a very strong Q2. As a group, revenues beat analysts' consensus estimates by 5.3% while next quarter's revenue guidance was 6.8% above. Luckily, processors and graphics chips stocks have performed well with share prices up 10.3% on average since the latest earnings results. Having been at the forefront of developing the standards for cellular connectivity for over four decades, Qualcomm (NASDAQ:QCOM) is a leading innovator and a fabless manufacturer of wireless technology chips used in smartphones, autos and internet of things appliances. Qualcomm reported revenues of $9.95 billion, down 4% year on year. This print exceeded analysts' expectations by 3%. Despite the top-line beat, it was still a mixed quarter for the company with a narrow beat of analysts' operating income estimates but an increase in its inventory levels. Interestingly, the stock is up 16.2% since reporting and currently trades at $180.89. Read our full report on Qualcomm here, it's free. Inventor of the x86 processor that powered decades of technological innovation in PCs, data centers, and numerous other markets, Intel (NASDAQ:INTC) is a leading manufacturer of computer processors and graphics chips. Intel reported revenues of $16.13 billion, up 25.4% year on year, outperforming analysts' expectations by 11.7%. The business had an incredible quarter with a significant improvement in its inventory levels and a beat of analysts' EPS estimates. Intel scored the biggest analyst estimate beat in the group. The market seems happy with the results as the stock is up 12.4% since reporting. It currently trades at $112.69. Is now the time to buy Intel? Access our full analysis of the earnings results here, it's free. Originally the semiconductor division of Hewlett Packard, Broadcom (NASDAQ:AVGO) is a semiconductor conglomerate spanning wireless communications, networking, and data storage as well as infrastructure software focused on mainframes and cybersecurity. Broadcom reported revenues of $29.59 billion, up 85.5% year on year, in line with analysts' expectations. It was a mixed quarter as it posted a significant improvement in its inventory levels but revenue guidance for next quarter slightly missing analysts' expectations. Broadcom delivered the weakest performance against analyst estimates and weakest guidance update among its peers. Interestingly, the stock is up 2.8% since the results and currently trades at $377.58. Read our full analysis of Broadcom's results here. A global leader in its category, Lattice Semiconductor (NASDAQ:LSCC) is a semiconductor designer specializing in customer-programmable chips that enhance CPU performance for intensive tasks such as machine learning. Lattice Semiconductor reported revenues of $201.1 million, up 62.2% year on year. This print beat analysts' expectations by 8.6%. It was a stunning quarter as it also produced a beat of analysts' EPS estimates and an impressive beat of analysts' operating income estimates. Lattice Semiconductor delivered the highest guidance raise of the whole group. The stock is flat since reporting and currently trades at $136.78. Read our full, actionable report on Lattice Semiconductor here, it's free. Founded in 1969 by a group of former Fairchild semiconductor executives led by Jerry Sanders, Advanced Micro Devices (NASDAQ:AMD) is one of the leading designers of computer processors and graphics chips used in PCs and data centers. AMD reported revenues of $11.54 billion, up 50.1% year on year. This number topped analysts' expectations by 1.7%. Overall, it was a strong quarter as it also logged a meaningful improvement in its inventory levels and revenue guidance for next quarter topping analysts' expectations. The stock is up 25.7% since reporting and currently trades at $652.03. Read our full, actionable report on AMD here, it's free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market's biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market's primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market's dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

A month has gone by since the last earnings report for Cirrus Logic (CRUS). Shares have lost about 8.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Cirrus Logic due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Cirrus Logic, Inc. before we dive into how investors and analysts have reacted as of late. Cirrus Logic Q1 Earnings Beat Estimates Cirrus Logic reported first-quarter fiscal 2027 adjusted earnings of $1.84 per share, up 21.9% year over year and above the Zacks Consensus Estimate of $1.45. Strong demand for custom smartphone components supported the record first-quarter results. Revenue increased 12.9% to $460 million, aligning with the consensus estimate. The strong results were primarily driven by robust shipments of custom components used in premium smartphones, showing that demand from major mobile customers remains healthy despite a competitive consumer electronics market. Quarterly revenues grew 2% sequentially as higher sales of components shipped into smartphones boosted results. Year over year, the gains from increased smartphone component demand were partly offset by previously expected pricing reductions. Demand continued to be strong for custom boosted amplifiers and smart codecs. Cirrus anticipates these products will ship across multiple future smartphone generations. Development of the next-generation camera controller and a smart power IC for 3D sensing also remained on schedule. The company’s largest customer accounted for 90% of total revenues in the fiscal first quarter. High-Performance Mixed-Signal revenues climbed to $210.7 million from $167.2 million a year earlier and represented 46% of net sales. Audio revenues increased 3.7% to $249 million and represented 54% of quarterly sales. Management described the opportunity pipeline across camera, battery and power applications as one of the strongest in the company's history. A power product is already shipping in tablets, while another product for an accessory has yet to reach the market. Additional phone and non-phone programs remain in active development. Non-GAAP gross profit was $242.1 million, with gross margin edging up to 52.7% from 52.6% a year ago. Favorable product mix supported the year-over-year comparison, while higher freight and supply-chain costs limited the improvement. Sequentially, pricing reductions outweighed cost savings. Non-GAAP operating expenses rose 13.3% year over year to $135.4 million. Higher employee-related costs were the main driver, with variable compensation, product development and professional expenses also contributing. Non-GAAP operating income reached $106.7 million, while operating margin slipped to 23.2% from 23.3%. Cirrus lowered its fiscal 2027 PC revenue expectations. Constrained supply of a key industry platform, memory and component shortages and delayed model introductions pushed out expected growth. Management characterized these pressures as timing issues rather than a change in the underlying opportunity. Customer interest remained strong for the company's low-power smart codec for AI-enabled PCs, with multiple designs targeted for next calendar year. Several customers also announced PCs based on NVIDIA's RTX Spark platform that are expected to ship later this year with Cirrus amplifiers and codecs. The company taped out a new high-performance analog front-end family for smart meters and expects to begin sampling during the September quarter. The products combine higher-accuracy voltage and current measurement with on-chip processing for power-quality analysis and fault detection. Cirrus is targeting a calendar 2028 market launch and sees potential applications in data center DC metrology, energy storage, EV charging and grid monitoring. A new GlobalFoundries agreement secures dedicated wafer capacity and pricing for 2027 and 2028 while supporting progress toward U.S. production. Cash and investments totaled $1.2 billion at quarter-end, with no debt outstanding. Operating cash flow was $64.1 million, and free cash flow totaled $48.6 million, translating into an 11% margin. It spent $34.5 million to repurchase about 211,000 shares, leaving $239.6 million under its authorization. After quarter-end, it bought roughly 359,000 additional shares for $50.5 million. Management continues to prioritize organic investment, followed by acquisitions and buybacks, and is not considering a near-term dividend. For the second quarter of fiscal 2027, Cirrus expects revenues of $510-$570 million. The $540 million midpoint implies growth of 17% sequentially and a decline of 4% year over year. GAAP gross margin is projected at 52-54%, including a temporary benefit from favorably priced wafers that should largely sell through during the quarter. Non-GAAP operating expenses are expected at $140-$146 million. Full-year expenses are expected to increase as Cirrus expands R&D investment, while the non-GAAP tax rate is forecast at 16-18%. It turns out, estimates review have trended downward during the past month. The consensus estimate has shifted -8.87% due to these changes. At this time, Cirrus Logic has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Cirrus Logic has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Cirrus Logic belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Qualcomm (QCOM), has gained 5.1% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Qualcomm reported revenues of $9.95 billion in the last reported quarter, representing a year-over-year change of -4%. EPS of $2.21 for the same period compares with $2.77 a year ago. Qualcomm is expected to post earnings of $2.18 per share for the current quarter, representing a year-over-year change of -27.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.4%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Qualcomm. Also, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for Entegris (ENTG). Shares have lost about 9.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Entegris due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Entegris, Inc. reported second-quarter 2026 non-GAAP earnings of 93 cents per share, up 40.9% year over year. The figure beat the Zacks Consensus Estimate of 83 cents by 12.1%, reflecting stronger semiconductor demand, operational execution and accelerating customer capital investment. Net sales increased 11.5% to $883.2 million and topped the consensus estimate of $840 million by 5.2%. Unit-driven revenues rose 10%, while capital expenditure-related revenues advanced 15%, supported by AI-linked investments across advanced logic, memory and packaging. Advanced Purity Solutions revenues climbed 17% year over year to $514.6 million. Growth reflected strength across both unit-driven and capital expenditure-related demand, with liquid filtration delivering a fourth consecutive record quarter. The microenvironments business, led by front-opening unified pods, posted its strongest performance in more than three years. Taiwan benefited from leading-edge logic and advanced packaging expansions, while North America returned to year-over-year growth. Adjusted segment margin expanded to 30.3% from 24.1%. Materials Solutions revenues rose 4.6% year over year to $371.3 million. Advanced deposition materials, selective etch chemistries and chemical mechanical planarization products drove the increase. Adjusted segment profit was $77.7 million, up 2.9%, while adjusted segment margin eased to 20.9% from 21.3%. Higher raw-material and logistics costs, along with planned direct-labor investments, were largely offset by manufacturing improvements and productivity initiatives. Adjusted gross margin expanded to 47.6% from 44.6% a year earlier and improved from 46.9% in the first quarter. Management attributed the sequential gain to operational progress despite investments to support future demand. Non-GAAP operating expenses increased 8.3% year over year to $203.9 million, mainly due to higher variable compensation tied to stronger business performance. Even so, adjusted operating margin widened to 24.5% from 20.9%, and adjusted EBITDA margin rose to 28.4% from 27.3%. The company generated operating cash flow of $156.2 million in the second quarter, while capital expenditures were $39.3 million. Free cash flow totaled $120.3 million in the second quarter, representing roughly 14% of sales and more than doubling from $47 million in the year-ago quarter. In the first half of 2026, Entegris generated operating cash flow of $339.2 million and free cash flow of $263.8 million. ENTG repaid $200 million of debt during the quarter, reducing long-term debt to $3.46 billion. It ended the second quarter with cash and cash equivalents of $353.6 million. The company’s net leverage improved to 3.4 times, and management now expects leverage to finish 2026 below three times. Management raised its 2026 market expectation to 7%-8% growth in million square inches of wafers, up from the mid-single-digit assumption at the start of the year. The outlook reflects stable advanced logic and memory expectations, along with a modestly improving mainstream logic environment. The company is tracking more than 20 major leading-edge capacity expansions globally, including advanced logic, advanced memory and advanced packaging projects. Bookings strengthened during the quarter, lifting backlog and increasing visibility into customer spending plans through the second half of 2026 and into 2027. For the third quarter of 2026, Entegris expects sales between $905 million and $935 million. GAAP earnings are projected in the range of 75-83 cents per share, while non-GAAP earnings are forecast between 96 cents and $1.04. The company expects an adjusted EBITDA margin of 28%-29% and an adjusted operating margin of 24.2%-25.1%. Management also sees fourth-quarter revenues rising about 4% from the midpoint of third-quarter guidance, which would represent mid-teens year-over-year growth. For 2026, ENTG expects net interest expense of approximately $180 million, a non-GAAP tax rate of about 14% and capital expenditures of $250 million. The share count is projected at roughly 154 million. Since the earnings release, investors have witnessed a upward trend in fresh estimates. The consensus estimate has shifted 11.47% due to these changes. At this time, Entegris has a nice Growth Score of B, a score with the same score on the momentum front. However, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Entegris has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Entegris belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Qualcomm (QCOM), has gained 7.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Qualcomm reported revenues of $9.95 billion in the last reported quarter, representing a year-over-year change of -4%. EPS of $2.21 for the same period compares with $2.77 a year ago. For the current quarter, Qualcomm is expected to post earnings of $2.18 per share, indicating a change of -27.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.4% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Qualcomm. Also, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Entegris, Inc. (ENTG) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). 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A month has gone by since the last earnings report for Ichor Holdings (ICHR). Shares have lost about 27.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Ichor Holdings due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Ichor Holdings, Ltd. before we dive into how investors and analysts have reacted as of late. Ichor Holdings reported second-quarter 2026 non-GAAP earnings of 34 cents per share, beating the Zacks Consensus Estimate by 9.7%. The company had posted a loss of a penny in the year-ago quarter. Improved product mix and progress on its machining strategy supported the earnings upside. Revenues increased 22.7% year over year to $294.8 million but missed the consensus mark by 1.85%. Inventory turns remained at 3.7 times as Ichor invested in working capital to support accelerating customer demand. Second-quarter revenues increased 15% sequentially as demand strengthened across the semiconductor equipment market. Management said isolated part shortages prevented the company from recognizing its full revenue forecast before the June 2026 quarter end. The affected shipments were completed days later, and revenues exceeded $300 million for the 13 weeks ending July 3. The company now expects 2026 revenues to increase at least 30% from 2025, aligning with the high end of its wafer fabrication equipment market expectations. Demand is being supported by investments in artificial intelligence infrastructure, advanced etch and deposition applications, gate-all-around architectures, advanced memory and leading-edge process technologies. Non-GAAP gross margin expanded 230 basis points year over year and 130 basis points sequentially to 14.1%. The result exceeded the upper end of management’s guidance, reflecting improved product mix, higher component revenues and gains from the company’s manufacturing realignment. Non-GAAP operating expenses totaled $25.3 million. Operating income rose to $16.3 million from $4.6 million a year earlier, while the operating margin improved to 5.5% from 1.9%. Ichor secured additional customer qualifications during the second quarter, including approvals for machining and welding operations at its high-volume manufacturing site in Malaysia. These qualifications expand the company’s ability to produce components internally and reduce dependence on outside suppliers. Management said manufacturing capacity is not currently constraining growth. ICHR has installed capacity to support approximately $2 billion in annual revenues and believes targeted clean-room and machining investments could raise capacity within its existing footprint to about $3 billion annually. Ichor ended the second quarter with cash and equivalents of $256.5 million, up from $89.1 million at the end of the first quarter. The increase primarily reflected $195.4 million in net proceeds from an at-the-market equity offering involving 2.5 million shares at an average price of $80.70. Cash used in operating activities totaled $15.9 million in the second quarter of 2026. Total debt was pinned at $120.6 million, while the net debt coverage ratio was 1.1. For the third quarter of 2026, Ichor expects revenues between $315 million and $345 million. The midpoint of $330 million implies sequential growth of about 12% and year-over-year growth of approximately 38%. Non-GAAP gross margin is projected between 14.5% and 15.5%, reflecting management’s target of roughly 100 basis points of sequential expansion. Non-GAAP earnings are expected in the range of 40-50 cents per share. It turns out, estimates review have trended upward during the past month. The consensus estimate has shifted 17.61% due to these changes. At this time, Ichor Holdings has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. However, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Ichor Holdings has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. Ichor Holdings belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Qualcomm (QCOM), has gained 2.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Qualcomm reported revenues of $9.95 billion in the last reported quarter, representing a year-over-year change of -4%. EPS of $2.21 for the same period compares with $2.77 a year ago. Qualcomm is expected to post earnings of $2.18 per share for the current quarter, representing a year-over-year change of -27.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.4%. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Qualcomm. Also, the stock has a VGM Score of F. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ichor Holdings, Ltd. (ICHR) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The programs the deal covers in the near term were already inside the targets management had published, and it is connectivity rather than custom silicon that management points to for the raise that did arrive. Marvell Technology (MRVL) reported a record quarter, raised its revenue outlook for fiscal 2027 (by about $500 million) and fiscal 2028, and lost 10.3% of its value in the first session after the report. Coverage of the session named two drivers: softer-than-hoped fiscal 2028 guidance despite the raise, and the timing of an expanded commercial agreement and warrant with a key hyperscaler. The second turns on when that money arrives rather than whether it does. The Warrant Is Already Inside The Targets Through Fiscal 2028 Revenue of $2.74 billion beat the consensus estimate of $2.71 billion, and adjusted earnings of $0.94 a share cleared consensus too. AVGO, NVDA and AMD fell between 0.7% and 4.6% over the same span, so most of the selling was Marvell's own. The agreement covers inference accelerators, storage controllers and network interface controllers attached to the TPU ecosystem, and an analyst on the call sized it at roughly $120 billion of cumulative revenue over six years if every milestone is hit, about $18.5 billion a year annualized, from that one customer's custom-attach programs alone. The guidance does not carry that pace: the same analyst put custom at around $5 billion to $6 billion in calendar 2027. Management's answer: the programs the agreement covers through fiscal 2028 are already inside the custom revenue target the company had published earlier, and the meaningful contribution starts in fiscal 2029. Connectivity, More Than Custom, Paid For The Fiscal 2028 Raise Fiscal 2028 revenue is now guided to roughly $18 billion, up $1.5 billion from the $16.5 billion outlook given one quarter earlier. Custom silicon is part of that, but management calls connectivity the bigger bucket and probably the largest driver, pointing to scale-up optics and switching rather than at the programs the warrant covers. Both sit inside one end market: data center revenue made up 79% of the total, and the company's own risk disclosures flag a rising dependence on a few customers. Concentration of that kind is a different proposition from the Trefis High Quality Portfolio, which does not depend on the handful of largest technology names to produce its returns. The Custom Ramp Reaches Gross Margin First Non-GAAP gross margin was 58.9% in fiscal Q2 2027, and the fiscal Q3 2027 guidance midpoint is 58.0%, a 90 basis point step down that management attributes to the forecast acceleration of its custom business. The CFO's preliminary view is that fiscal 2028 gross margin sits in the same band as the back half of fiscal 2027. The lower-margin part arrives first, though management guides operating margin into its 38% to 40% target range exiting fiscal 2027. October Is Where Fiscal 2029 Gets Its Number Management's fiscal 2029 custom target of more than $10 billion is not a new number: management said it had flagged the figure as far back as its last call and as early as June 2025, after having put custom revenue at $8 billion to $10 billion in April 2024. Management says the warrant biases that target higher but has declined to size the increase before the October 6 investor day. Until then, the case for owning Marvell rests on connectivity execution that is already inside the guide, not on a warrant increment nobody has put a number on. Options currently price Marvell's implied volatility near 60%, in the 56th percentile of its trailing one-year range, a middling reading for how much movement the market is pricing over a year. A Bet On One Build Cycle Is Still One Bet Marvell's story from here turns on how fast a handful of hyperscaler programs move from design to volume, a schedule set by its customers. Investors who would rather hold a rules-based system than a single build cycle can start with the Trefis High Quality Portfolio. That portfolio has a track record of outpacing the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000.