Qualcomm IncorporatedQCOM
± MixedCapitalrelevance
Options market implies a 9% swing post-earnings, but direction depends on results vs expectations.
Impact on stocks 1
Semiconductors
Qualcomm IncorporatedQualcomm is scheduled to report fiscal third-quarter results after today's market close, with options markets signaling expectations for a sharp post-earnings share-price move. Options tied to Qualcomm's $162.50 strike price expiring Friday imply a move of roughly 9% in either direction, suggesting a potential trading range of about $147.68 to $177.32 by the end of the week. Trading in put options appeared concentrated around the $165 strike, where volume slightly exceeded existing open interest, possibly indicating investors are adding downside protection or positioning for weaker-than-expected guidance across its handset, automotive or artificial intelligence businesses. Meanwhile, call activity was more active at the $190 strike, reflecting speculative upside positioning. Wall Street expects Qualcomm to report fiscal third-quarter earnings of $2.22 per share on revenue of $9.67 billion, compared with the prior year, as analysts continue to monitor softer smartphone demand and broader macroeconomic conditions.
Qualcomm IncorporatedOptions market implies a 9% swing post-earnings, but direction depends on results vs expectations.