Qualcomm Inc. (QCOM): Navigating Global Smartphone Challenges with 5G and IoT Strength

14 hours ago 1

Neha Gupta

Tue, February 3, 2026 astatine 6:55 AM CST 2 min read

Qualcomm Inc. (NASDAQ:QCOM) is one of the champion inexpensive stocks to bargain for 2026. On January 26, Mizuho trimmed its terms people connected Qualcomm Inc. (NASDAQ:QCOM) to $160 from $175 and kept a Neutral standing connected the shares. The concern slope tied the update straight to a weaker outlook for planetary handset request and related manufacture pressures.

Navigating Global Smartphone Challenges with 5G and IoT Strength

Mizuho stated that it expects planetary handset shipments successful calendar twelvemonth 2026 to diminution by astir 4% compared to 2025. And determination is simply a downside hazard of much than 5% because, peculiarly successful H2 2026, higher representation prices and proviso shortages are expected to unit production. The analysts highlighted that Chinese OEMs are apt to chopped handset output by astir 10%. Already, Chinese OEM handset inventory shrank to astir 2 to 4 weeks from 13 to 17 weeks a twelvemonth earlier. As such, galore Android makers could look sharper unit arsenic representation prices emergence done 2026.

Besides the weaker outlook, Mizuho sees Qualcomm facing tougher contention from MediaTek, particularly concerning high-end chips. There is besides the contented of contented cuts by Apple and Huawei.

These headwinds unneurotic convinced Mizuho to task that Qualcomm’s net volition diminution astir 3% year-on-year. And that the institution volition spot lone debased single-digit maturation implicit fiscal 2026 to 2028.

Qualcomm Inc. (NASDAQ:QCOM) designs and supplies semiconductors, software, and wireless exertion solutions. It focuses connected mobile connectivity, 5G infrastructure, and Internet of Things applications. Its operations see licensing wireless technologies and producing chipsets utilized successful smartphones, automotive systems, and connected devices worldwide.

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