QUALCOMM Incorporated (QCOM)

NASDAQ: QCOM · USD

$183

-1.05 (-0.6%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-09

Our latest published analysis: QCOM rated Sell

QUALCOMM Incorporated's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$120 / share

Potential value

$205 / share

Upside to FV

-30.8%

from $183

Moat

1/10

None

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$185.9B
Revenue (ttm)	44.1B
Net income (ttm)	9.3B
EPS (ttm)	$8.59
Shares out	1.1B
P/E (trailing)	21.3x
P/E (forward)	16.7x
Dividend	$3.68 (2.01%)
Volume	6,017,314
Beta	1.65

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 44.1B
Net income (ttm): 9.3B
EPS (ttm): $8.59
P/E (trailing): 21.3x
P/E (forward): 16.7x
Market cap: $185.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-09-26	2022-09-25	2023-09-24	2024-09-29	2025-09-28	Trend
Revenue	$33.57B	$44.20B	$35.82B	$38.96B	$44.28B	+7.2%
Gross profit	$19.30B	$25.57B	$19.95B	$21.90B	$24.55B	+6.2%
Operating income	$9.79B	$15.86B	$7.79B	$10.07B	$12.36B	+6.0%
Net income	$9.04B	$12.94B	$7.23B	$10.14B	$5.54B	-11.5%
EPS (diluted)	$7.87	$11.37	$6.42	$8.97	$5.01	-10.7%
EBITDA	$12.42B	$17.25B	$9.95B	$12.74B	$14.93B	+4.7%
R&D	$7.18B	$8.19B	$8.82B	$8.89B	$9.04B	+5.9%
SG&A	$2.34B	$2.57B	$2.48B	$2.76B	$3.11B	+7.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	Vendre
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	Réduire
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Conserver
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Vendre
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Achat fort
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	Vendre

Base and Bull scenarios

Base60%

Price target

$120.42

-30.8% from spot

The modal path is a mature cash generator moving through weakness before low-single-digit recovery. It fails if revenue or margin breaches the stated thresholds.

The selected annual forecasts place FY2027 revenue above FY2026; this is an expectation, not a reported recovery.
Stable operating economics and durable free cash flow are unverified base-case conditions, tested against FY2025 operating results and each full fiscal year's cash generation.

Bull20%

Price target

$204.66

+17.6% from spot

This path assumes, rather than establishes, that higher sales convert into adjusted EPS and full-year free cash flow. FY2027 adjusted EPS and FY2027 full-year cash generation are the checkpoints.

FY2027 revenue reaches the upper part of its estimate range.
Margins remain stable and FY2025-scale cash generation proves durable.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($120.42). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
8.3%	$137	$141	$146	$152	$160
9.3%	$125	$128	$132	$136	$141
10.3%	$116	$119	$120	$125	$128
11.3%	$109	$111	$113	$115	$118
12.3%	$103	$104	$106	$108	$110

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E16.7

P25 n/aP50 n/aP75 n/a

Trailing P/E19.9

P25 n/aP50 n/aP75 n/a

ROE33.8

P25 n/aP50 n/aP75 n/a

ROIC25.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All QCOM indicators

Market & fundamental data

Available fields

295

Groups with data

Currency

USD

Showing 295 of 295 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000804328
Company name	QUALCOMM Incorporated
Country	United States
Country code	US
CUSIP number	747525103
Earnings date	2026-11-04
Earnings time	amc
Employees	52,000
Employees change	3,000
Employees growth	6.12%
Enterprise value	$202.5B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-28
First seen	2026-05-09
Fiscal year end	September
Founded	1985
In index	SP500, NASDAQ100
Industry	Semiconductors
IPO date	1991-12-13
Is primary listing	Yes
Is SPAC	No
ISIN number	US7475251036
Last 10-K release date	2025-11-05
Last earnings date	2026-07-29
Last refreshed	2026-10-28
Last stock split date	2004-08-16
Last stock split type	Forward
Market cap	$195.5B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$183.12
Price currency	USD
Sector	Technology
SIC code	3663
Stock price date	2026-10-28
Symbol	QCOM
Tags	metaverse, augmented-reality, virtual-reality
U.S. state	California
Website	https://www.qualcomm.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	16.12x
Average P/E ratio (10Y)	20.86x
Average P/E ratio (3Y)	21.26x
Average P/E ratio (5Y)	18.41x
Earnings yield	4.69%
EV/Earnings	21.69x
EV/EBIT	19.27x
EV/EBITDA	16.74x
EV/FCF	19.29x
EV/Sales	4.56x
FCF / EV yield	5.19%
FCF yield	5.37%
Forward EV/Sales	4.69x
Forward P/E	19.78x
Forward P/S	4.53x
Graham number	71.13249
Graham upside	-60.83%
Industry forward P/E	13.51x
Industry P/E	25.54x
Lynch fair value	$42.97
Lynch upside	-76.34%
P/(FCF - SBC) ratio	27.03x
P/(OCF - SBC) ratio	21.17x
P/B ratio	7.04x
P/E ratio	21.31x
P/FCF ratio	18.62x
P/OCF ratio	15.64x
P/S ratio	4.4x
PEG ratio	3.22x
Price / tangible book value	16.33x
Price/EBITDA ratio	16.16x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	23.66%
EBITDA margin	27.23%
Effective tax rate	17.41%
FCF margin	23.64%
Gross margin	54.23%
Operating margin	23.66%
Pretax margin	25.44%
Profit margin	21.01%
Profit per employee	$178,077
Profitable quarters	3
Profitable years	7
Revenue per employee	$847,481
ROA	11.61%
ROA (5Y)	14.8%
ROCE	22.69%
ROE	33.75%
ROE (5Y)	61.68%
ROIC	25.56%
ROIC (5Y)	43.71%
SBC / revenue	7.36%
Tax / revenue	4.43%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-17.08%
EPS growth (Q)	-23.05%
EPS growth (QoQ)	-72.82%
EPS growth 10Y	9.67%
EPS growth 3Y	4.07%
EPS growth 5Y	1.44%
EPS growth years	0
FCF growth	-10.38%
FCF growth (Q)	-80.82%
FCF growth (QoQ)	-74.16%
FCF growth 3Y	14.91%
FCF growth 5Y	2.09%
Gross profit growth	-0.78%
Gross profit growth (Q)	-8.37%
Gross profit growth 3Y	3.22%
Gross profit growth 5Y	4.17%
Net income growth	-20.02%
Net income growth (Q)	-24.91%
Net income growth (QoQ)	-72.84%
Net income growth 3Y	2.44%
Net income growth 5Y	0.12%
Net income growth years	0
OCF growth	-2.07%
OCF growth (Q)	-65.53%
OCF growth (QoQ)	-59.53%
OCF growth 10Y	5.89%
OCF growth 3Y	12.74%
OCF growth 5Y	2.06%
Operating income growth	-13.93%
Operating income growth (Q)	-35.24%
Operating income growth 3Y	1.25%
Operating income growth 5Y	0.18%
Revenue growth	1.88%
Revenue growth (Q)	-4.03%
Revenue growth (QoQ)	-6.15%
Revenue growth 10Y	6.8%
Revenue growth 3Y	4.53%
Revenue growth 5Y	6.23%
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-2B
Depreciation and amortization	$1.6B
EBIT	$10.4B
EBITDA	$12B
EPS	$8.59
FCF per share	$9.75
Financing cash flow	$-13.5B
Free cash flow	$10.4B
Free cash flow minus SBC	$7.2B
Gross profit	$23.9B
Income taxes	$2B
Investing cash flow	$-2.1B
Net borrowing	$321M
Net cash flow	$-3.2B
Net income	$9.3B
Operating cash flow minus SBC	$9.2B
Operating income	$10.4B
Revenue	$44.1B
Stock-based compensation	$3.2B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.85
Book value per share	$26.17
Debt / EBITDA	1.25
Debt / equity	0.55
Debt / FCF	1.47
Goodwill	$14.3B
Interest coverage	15.11
Long-term assets	$34.4B
Long-term liabilities	$18.3B
Net cash (debt)	$-7B
Net cash / market cap	-3.59%
Net debt / EBITDA	0.58
Net debt / equity	0.25
Net debt / FCF	0.67
Piotroski F-Score	5
Property, plant and equipment	$5.2B
Shareholders' equity	$27.7B
Tangible book value	$11.9B
Tangible book value per share	$11.23
Total assets	$57.4B
Total cash	$8.3B
Total debt	$15.3B
Total liabilities	$29.7B
WACC	12.63%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.79
Current assets	$23B
Current liabilities	$11.4B
Current ratio	2.02
Inventory turnover	2.4
Net working capital	$5.8B
Quick ratio	1.14
Working capital	$11.6B
Working capital turnover	3.07

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.65%
Dividend growth	3.69%
Dividend growth (10Y)	5.84%
Dividend growth (3Y)	5.03%
Dividend growth (5Y)	6.29%
Dividend growth years	22
Dividend payment date	2026-12-17
Dividend payment years	24
Dividend payout frequency	Quarterly
Dividend per share	$3.68
Dividend yield	2.01%
Ex-dividend date	2026-12-03
FCF payout ratio	37.73%
Last dividend	$0.92
Payout ratio	42.82%
Shareholder yield	5.68%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	161.26%
10Y return CAGR	13.09%
10Y total return	242.21%
150-day SMA	$178.23
15Y price change	242.15%
15Y return CAGR	11.39%
15Y total return	404.51%
1D price change	-0.57%
1M price change	-9.33%
1M total return	-9.33%
1W price change	2.9%
1W total return	2.9%
1Y price change	-2.43%
1Y return CAGR	-0.4%
1Y total return	-0.4%
20-day SMA	$177.73
200-day SMA	$169.42
20Y price change	393.05%
20Y return CAGR	10.86%
20Y total return	685.37%
3M price change	7.69%
3M total return	8.28%
3Y price change	72.01%
3Y return CAGR	22.38%
3Y total return	83.29%
50-day SMA	$177.29
50-day SMA vs 200-day SMA	50over200
52-week high	$259.92
52-week high date	2026-05-29
52-week low	$121.99
52-week low date	2026-04-07
5Y price change	39.57%
5Y return CAGR	9.25%
5Y total return	55.6%
6M price change	21.87%
6M total return	22.98%
After-hours change	0.07%
After-hours close	$183.12
After-hours price	$183.25
All-time high	$259.92
All-time high date	2026-05-29
All-time low	$0.39
All-time low date	1992-09-22
Average true range (ATR)	$6.40
Average volume	9.8M
Beta (1Y)	2.39
Beta (2Y)	1.72
Beta (5Y)	1.65
Change from 52-week high	-29.55%
Change from 52-week low	50.11%
Change from all-time high	-29.55%
Change from all-time low	46,781.72%
Change from open	0.11%
Day's gap	-0.68%
Dollar volume	$1.1B
High price	$184.04
Low price	$180.25
Monthly RSI	53.13
Open price	$182.91
Position in 52-week range	75.73%
Premarket change	-0.63%
Premarket close	$184.17
Premarket price	$183.01
Premarket volume	426.8K
Previous close	$184.17
Price vs 150-day SMA	2.74%
Price vs 20-day SMA	3.03%
Price vs 200-day SMA	8.09%
Price vs 50-day SMA	3.29%
Relative volume	0.61
RSI	54.95
Sharpe ratio	0.18
Sharpe ratio (3Y)	0.57
Sharpe ratio (5Y)	0.32
Sortino ratio	0.38
Sortino ratio (3Y)	0.98
Sortino ratio (5Y)	0.61
Volume	6M
Weekly RSI	52.55
YTD price change	7.06%
YTD total return	8.73%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.1B
Float percentage	99.83%
Shares change (QoQ)	-0.28%
Shares change (YoY)	-3.65%
Shares held by insiders	0.05%
Shares held by institutions	83.81%
Shares outstanding	1.1B
Short % of float	3.31%
Short % of shares	3.31%
Short ratio	2.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	356

Deeper analysis on QCOM

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this QCOM report

What is the latest published QCOM stock rating?

QUALCOMM Incorporated is shown with Sell in the latest published report, analyzed 2026-09-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full QCOM analysis?

The full latest published report, analyzed 2026-09-09, lives at /stocks/QCOM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for QCOM?

The latest published report analyzed 2026-09-09 gives QCOM a fair value of USD 120 and a potential value of USD 205. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the QCOM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellQCOM · Fair value $120-30.8%

Read full analysis →

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	7.5
Profitability	7.5
Revenue Growth	2.5
Risk Assessment	6.0
Competitive Moat	1.0
Earnings Quality	6.0
Capital Efficiency	6.5

QUALCOMM Incorporated (QCOM)

Our latest published analysis: QCOM rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · QCOM

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All QCOM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on QCOM

Frequently asked questions

Historique des notations