What move does the options market price into Qualcomm's report?

Implied ±7.1%, either direction.

How often does Qualcomm move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

QCOMNasdaqRadio & Tv Broadcasting & Communications Equipment

Qualcomm Inc (QCOM) earnings date, market-implied expected move, and options open interest by expiry

164.35

−21.06 · −11.36%

post 165.44 +0.66%

Closed19:58 ET

Open178.10Volume24.1MMkt cap$173.0BP/E18.76EPS8.82Div yield2.20%

Day162.34 – 178.8519%52-wk120.88 – 257.5633%

QCOM

Qualcomm Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.1%implied · report alone

8Q avg ±6.3%·×1.12·fair

153.15176.43

straddle ±8.4%

spot 164.79exp Nov 6ATM strike 165ATM straddle 16.33IV 89%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 4

after close · in 3 days

confirmedQ4 FY26

Calendar

Next report

Last report

−2.62%

vs ±6.9% implied · ×0.38

shaded = implied · ▲▼ = realized

Jul 29 '26 · confirmed

Implied vs realized

Largest filed tie

9.00%

of ARM Holdings revenue

supplierARM 20-F

Supply chain

Largest filed tie

13F top-10 QoQ

−1.99%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

3,049 managers

Top fund weight

3.74%

QCOM weight · SMH

N-PORTJun 30 '26

17 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Qualcomm (QCOM) reports on Nov 4 after close (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±5.9%
avg realized: ±6.3%

Nov 6 '24Nov 6 '24confirmed±6.8%▼−0.05%×0.01

Feb 5 '25Feb 5 '25confirmed±5.7%▼−3.72%×0.65

Apr 30 '25Apr 30 '25confirmed±5.7%▼−8.92%×1.56

Jul 30 '25Jul 30 '25confirmed±4.9%▼−7.73%×1.57

Nov 5 '25Nov 5 '25confirmed±5.1%▼−3.63%×0.71

Feb 4 '26Feb 4 '26confirmed±5.2%▼−8.46%×1.63

Q2 FY26Apr 29 '26confirmed±6.9%▲+15.12%×2.19

Q3 FY26Jul 29 '26confirmed±6.9%▼−2.62%×0.38

quarterimplied−20%0+20%realized×

Q3 FY26±6.9%▼−2.62%×0.38

Q2 FY26±6.9%▲+15.12%×2.19

Feb '26±5.2%▼−8.46%×1.63

Nov '25±5.1%▼−3.63%×0.71

Jul '25±4.9%▼−7.73%×1.57

Apr '25±5.7%▼−8.92%×1.56

2 older reports

Feb '25±5.7%▼−3.72%×0.65

Nov '24±6.8%▼−0.05%×0.01

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 11 expiries · Oct 30 close

0.70OI · 11 expiries · Oct 30 closeP/C open interest · Nov 6 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

8,841+23%Nov 65d12,643+8%

2,975+12%Nov 1312d1.062,815+12%1.06

49,663+1%Nov 2019d0.9950,005+1%0.99

1,751+2594%Nov 2726d1.121,568+22300%1.12

170+105%Dec 433d0.92185+19%0.92

6 later expiries

41—Dec 1140d2.2818—2.28

61,645+2%Dec 1847d0.8077,320+10%0.80

118,2530%Jan 1575d0.99119,8260%0.99

13,7940%Feb 19110d0.9314,796+1%0.93

27,9260%Mar 19138d1.1424,5690%1.14

4,674+1%Apr 16166d1.124,175+1%1.12

ExpiryPutsCallsP/C

Nov 65d8,841+23%12,643+8%0.70

Nov 1312d2,975+12%2,815+12%1.06

Nov 2019d49,663+1%50,005+1%0.99

Nov 2726d1,751+2594%1,568+22300%1.12

Dec 433d170+105%185+19%0.92

6 later expiries

Dec 1140d41—18—2.28

Dec 1847d61,645+2%77,320+10%0.80

Jan 1575d118,2530%119,8260%0.99

Feb 19110d13,7940%14,796+1%0.93

Mar 19138d27,9260%24,5690%1.14

Apr 16166d4,674+1%4,175+1%1.12

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±8.4%

Funds 4

SMH±0.3%

SOXX±0.2%

SCHD±0.2%

IGPT±0.2%

Suppliers 4

RMBS±7.0%×0.83

AIP±6.1%×0.73

AMKR±5.8%×0.69

Customers 1

NOK±2.9%×0.35

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

20.13%as filednet margin · revenue −6.15% QoQ · −4.03% YoY

Revenue

$9.9B−6.15% QoQ

Gross profit

$5.3B−7.40% QoQ

53.05% margin

Operating income

$1.6B−29.58% QoQ

16.35% margin

Pre-tax income

$2.5B+10.30% QoQ

Net income

$2.0B−72.84% QoQ

20.13% margin

Cost of revenue

$4.7B−4.69% QoQ

Operating expenses

$3.7B+7.70% QoQ

R&D $2.6B

SG&A $976M

Other operating $68M

Tax

$460M+108.95% QoQ

Other income

$836M+1185.71% QoQ

Revenue$9.9B−6.15%

Gross profit

$5.3B−7.40%

53.05% margin

Operating income

$1.6B−29.58%

16.35% margin

Pre-tax income

$2.5B+10.30%

Net income

$2.0B−72.84%

20.13% margin

Cost of revenue

$4.7B−4.69%

Operating expenses

$3.7B+7.70%

R&D $2.6B

SG&A $976M

Other operating $68M

Other income$836M+1185.71%

Tax$460M+108.95%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 28 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×1.85· ±3.4% vs ±1.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.4%5 of 10×1.85

CPIconsumer prices±3.1%5 of 10×1.66

PCEpersonal income & outlays±2.5%11 of 19×1.37

GDPgross domestic product±2.3%12 of 19×1.25

FOMCrate decision±2.0%12 of 24×1.06

PPIproducer prices±1.4%5 of 10×0.76

CPROFcorporate profits±1.4%9 of 12×0.74

Bar = avg |move| to ±4% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 1.87 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Jul 29 '26 · confirmed	1.87	—
Q2 FY26	Apr 29 '26 · confirmed	6.88	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod