QCOM Lags Industry Year to Date: What's the Next Move for Investors?

Qualcomm Incorporated QCOM has jumped 5.9% year to date compared with the Electronics - Semiconductors industry's growth of 39.4%. It has lagged the broader technology sector and the S&P 500 during this time.Zacks Investment Research Image Source: Zacks Investment Research The company has underperformed its competitors like Intel Corporation INTC and Advanced Micro Devices AMD. Intel has surged 205.5%, while AMD has improved 204.3%. Handset Weakness Remains QCOM's Biggest Near-Term Problem Qualcomm's core handset business is witnessing weak demand trends. In the third quarter of fiscal 2026, QCT handset revenues dropped 20% year over year to $5.09 billion. Management expects fiscal 2026 Android handset revenues to decline roughly 20%.