Qualcomm shares jump over 15% in late trading after fiscal Q2 report

Qualcomm shares rose more than 15% in extended trading after the fiscal second-quarter report, after first sliding about 6% before reversing. Investors reacted to the results, the new buyback and the CEO's data-center timeline. The move came after the company had lost ground in early 2026 on memory-driven handset weakness.

• Gain of more than 15% in late trading after an initial drop of about 6%
• Hyperscaler custom-silicon engagement on track for initial shipments later in 2026
• Investor Day scheduled for June 24 to update the data-center plan