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QCOM

QUALCOMM Incorporated

QCOM

NASDAQ·Technology·Semiconductors·Mkt cap $191.7B

$176.25

▼ -3.12%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$121.99 - $259.92

P/E

18.91

Fwd P/E

16.38

Beta

1.60

Div Yield

1.97%

Avg Vol

23.8M

Shares Out

1.1B

Mkt Cap

$191.7B

Price action

Price chart

Up 12.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Dominant patent portfolio covering essential 3G/4G/5G wireless standards with global licensing reach
  • Vertically integrated business model combining chip design, software, and IP licensing for diversified revenue streams
  • First-mover advantage and deep expertise in mobile processor architecture and wireless technology standards
  • Strong relationships with major OEMs and carriers built over 39+ years of industry leadership
  • Strategic venture investments providing early visibility into emerging technology trends and market opportunities
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.6).

Growth

Stable outlook

5G deployment acceleration driving demand for advanced chipsets across smartphones, infrastructure, and edge computing

Value

Attractively priced below Logic & Processors peer average

Momentum

Hot

+43.5% over 3m

Quality

Strong

Excellent business quality

Dividend

Modest

1.97% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

“
Q2 26 RECAP

APR 29, 2026

Reported EPS of $2.65 vs $2.56 consensus (+3.5% surprise). Revenue of $10.6B vs $10.6B expected (+0.1%). Beat on both top and bottom lines.

EPS beat +3.5%
Rev beat +0.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+3.5%

Next: Apr 28, 2026

Revenue trend · last 8Q

—

—

+17%

+17%

+10%

+10%

+5%

-3%

Q3 24

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

Q2 26

$9.4B

$10.2B

$11.7B

$11.0B

$10.4B

$11.3B

$12.3B

$10.6B

Margins · last 8Q

Gross

53.8%

Operating

21.8%

Profit

69.5%

View full earnings history →

Wall Street consensus

25 analysts · 44% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

11

44%

Hold

13

52%

Sell

1

4%

Median Price Target

$170.00

▼ -3.5% vs $176.25

Low $120.00
Median $170.00
High $300.00

Latest: Mizuho · $210.00 · Jun 29, 2026

16 analysts covering

View full analyst page →

vs Industry

How QCOM stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.