New York, Feb 14, 2026, 14:35 EST — Market has closed.
- Qualcomm finished Friday at $140.70, up 1.6%. It’s been a bumpy period for handset-chip stocks.
- U.S. markets are closed Monday for Washington’s Birthday. Trading picks up again on Tuesday.
- Next up: Samsung’s Galaxy Unpacked event on Feb. 25, along with developments in memory supply, stand out as the key near-term catalysts.
QUALCOMM Incorporated (QCOM.O) finished Friday at $140.70, up 1.61%, bucking the trend on a weaker Nasdaq where Nvidia and Broadcom both lost ground. Trading volume hit roughly 13 million shares, topping the 50-day average. Still, the stock sits almost 32% off its 52-week high, according to MarketWatch data.
Wall Street takes a pause Monday for Washington’s Birthday, so Qualcomm shares won’t see action until Tuesday, Feb. 17. Investors get an extra day to chew over whether Qualcomm’s forecasted handset stumble is just a fleeting supply hiccup or points to something more persistent.
Qualcomm’s outlook shifted attention to memory chips rather than the usual modem rivalry. “I’m very happy with the business — I just wish we had more memory,” CEO Cristiano Amon told Reuters. According to Amon, “Everything is basically OEMs, especially in China, bringing down their inventory levels to adjust to their memory supply,” referencing phone manufacturers. Reuters
Samsung Electronics plans to hold its Galaxy Unpacked event in San Francisco on Feb. 25, spotlighting the next Galaxy S series and expanded “Galaxy AI” features. The presentation, which will be livestreamed, is a key moment for Qualcomm backers, since Samsung’s flagship debuts often set the tone for premium Android shipments early each year. Samsung Global Newsroom
It’s a rough patch for the industry. Shipments of high-end smartphone chips are now forecast to drop 7% in 2026, according to Counterpoint Research, as cited by Reuters, with pricier memory driving up costs and weighing on new device output. Both Morningstar and J.P. Morgan analysts are warning that memory shortages could drag on into 2027.
Qualcomm projected revenue for the March quarter in a range of $10.2 billion to $11.0 billion, with adjusted earnings pegged between $2.45 and $2.65 per share—figures trailing what analysts had been looking for. The company flagged memory constraints as a drag on handset demand, highlighting the risk in its own outlook.
The stock hasn’t settled into a steady base since that outlook reset. Qualcomm slid 8.46% on Feb. 5, and since then, shares have hovered mostly in the $136 to $141 range, Investing.com pricing data shows.
Fresh analyst action saw Daiwa Securities knock Qualcomm down to Neutral from Outperform, sticking a $140 price target on the chipmaker, MT Newswires said. Shares were already hovering close to that mark going into the long weekend.
Still, this could swing the other direction. Should memory remain scarce or prices surge, phone makers might hold off on orders—typically, Qualcomm’s handset revenue reacts a bit later. For shares to really bounce, investors will want more convincing evidence that supply is easing, rather than just a strong session for chip names.
After the holiday break Monday, traders come back Tuesday, keeping an eye out for updates on supply chains or any noteworthy broker commentary. Samsung’s Unpacked, set for Feb. 25, is the next key calendar event—expected to shed light on short-term premium Android shipment trends.
