QUALCOMM Inc. (QCOM) reported first quarter adjusted net income of $0.97 per share after the bell Wednesday, compared to $0.82 per share in the previous year. The consensus estimate was for EPS of $0.90. The company expects to report second quarter adjusted EPS of $0.91 to $0.97 and between $3.55 and $3.75 for the full year. The consensus estimates are for EPS of $0.89 and $3.59.
QUALCOMM gapped open higher Thursday, but was range-bound for the majority of the session. The stock closed up by 1.17 at $60.73, with volume at a 3-month high. QUALCOMM has been climbing for over 5 weeks and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.