Qualcomm (QCOM) Beats Estimates as Piper Sandler Reiterates Overweight Rating

NodeGuardian · 2026-02-20T04:09:51+00:00

Qualcomm reported Q1 fiscal 2026 earnings of $3.50 EPS and $12.25 billion in revenue, surpassing expectations. However, Piper Sandler maintains an Overweight rating, projecting challenges in March due to memory constraints, while Automotive and IoT segments continue to grow.

NodeGuardian

2026-02-20 04:09:51

Abstract generation in progress

Qualcomm (QCOM) reported stronger-than-expected earnings and revenue for Q1 fiscal 2026, with EPS of $3.50 and revenue of $12.25 billion, beating analyst forecasts. Despite the beat, Piper Sandler reiterated an Overweight rating with a $200 price target, noting tempered March guidance due to memory constraints at OEMs, particularly in China, which will impact the handset business, though Automotive and IoT segments show strong growth. The firm anticipates a longer-term impact from memory conditions and the Apple agreement, with potential boosts from clarity on Qualcomm’s data center strategy.

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