New York, Jan 22, 2026, 20:58 ET — Market closed
Qualcomm shares edged up 0.9%, finishing Thursday at $157.72, then held steady in after-hours trading on electronic platforms. (MarketBeat)
The chip designer is back on the radar with a first-quarter fiscal 2026 earnings release set for Feb. 4, after the market closes. A conference call will follow. (Qualcomm Investor Relations)
This matters because the market has been volatile, and investors want clear signals from earnings season, not just headlines. “You do not know whether it is Christmas morning or Friday the 13th,” said Gregg Abella, CEO at Investment Partners Asset Management, as Wall Street ended higher following a retreat in U.S. tariff threats and encouraging economic data. (Reuters)
Semiconductor shares largely followed the upbeat trend. The iShares Semiconductor ETF edged higher in late trading, with Nvidia and Apple posting small but positive moves.
A filing this week brought governance issues into focus. Qualcomm’s proxy statement scheduled a virtual annual meeting for March 17, detailing votes on director elections, auditor ratification, and a proposed amendment to its 2023 long-term incentive plan that would boost the share reserve by 24 million shares. (SEC)
The main focus remains on the Feb. 4 report and management’s outlook on demand through 2026. Investors usually zero in on handset chips and royalties initially, before turning their attention to emerging sectors like connected cars and industrial devices.
The outlook for consumer devices has soured. Research firms IDC and Counterpoint now predict global smartphone sales will drop by at least 2% this year amid rising memory-chip prices. “It is certainly going to show up as higher prices for consumers,” said Emarketer analyst Jacob Bourne. (Reuters)
Chipmakers tied to handsets followed the broader market on Thursday. NXP gained 1.3%, Analog Devices rose 1.2%, Qualcomm ticked up 0.9%, and Texas Instruments eked out a 0.3% increase, according to MarketWatch. (MarketWatch)
Qualcomm bulls face a risk if cost pressures and weaker device volumes coincide, undercutting any chance of an optimistic outlook—even if the quarter itself looks solid. With positioning already tight, a cautious tone on the call could sting.
Qualcomm’s Q1 FY26 earnings call is scheduled for Feb. 4 at 1:45 p.m. PT (4:45 p.m. ET). This will be the next major catalyst for the stock. (Qualcomm Investor Relations)
