Qualcomm Plunges 32%: How Investors Are Responding?

Qualcomm’s Q2 earnings expectations have pushed the stock down 35 % from its June high, sparking serious doubts about the tech giant’s future.

Year‑over‑Year Decline: $9.67 B Revenue

■Projected revenue: $9.67 billion – a 32.75 % year‑on‑year drop

■EPS: $1.54 – a steep decline

■Stock price: down 35 % from the June peak

Technical Breakdown: RSI & 200‑Day MA

■RSI: mid‑30s, approaching oversold territory

■200‑Day MA: stock fell below this long‑term average

■Put‑to‑Call ratio: 0.62x, with a potential 7.62 % rally to about $175 by week’s end

Investor Appeal: 21× Forward, 2.26 % Dividend

■Forward P/E: 21× – stretched amid an expected earnings decline

■Dividend yield: 2.26 % – competitive in the sector

■Insider buying: none recorded in 2026

Wall Street’s Mixed Signal

■Consensus: “Moderate Buy” – mean price target $221 (≈ 30 % upside)

■Barchart: “8 % SELL” – short‑term weakness

Qualcomm faces declining smartphone demand and concentration risk, creating both technical and fundamental concerns for investors.