This qualitative study explored the views of healthcare professionals, patients with lung cancer and cachexia, and their carers on preferences for, barriers to, and facilitators of homebased physical activity (PA). Using the COM-B behaviour change model, the study identified that acceptable PA should be functional, individualised, flexible, and initially of low intensity and short duration (5–15 minutes). The findings led to six intervention functions—Education, Training, Enablement, Environmental restructuring, Incentivisation, and Persuasion—with 17 specific behaviour change techniques to promote homebased PA in this population.