Qualcomm, Inc.

Qualcomm, Inc.

QCOM

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Market Cap$264.58B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Qualcomm, Inc.Qualcomm, Inc.271.42%36%6.10.6

Earnings Call Q2 2026

April 29, 2026 - AI Summary

Strong Q2 Financial Performance: Qualcomm reported revenues of $10.6 billion, with non-GAAP earnings per share (EPS) of $2.65, hitting the high end of their guidance. QCT revenues were split as follows: $9.1 billion overall, with $6 billion from handsets and $1.3 billion from automotive (38% year-over-year growth). This performance indicates solid growth in automotive and IoT sectors, contributing positively to diversification efforts, as automotive and IoT revenues grew a combined 20% YoY.
Expectations for Q3 Revenue Decline and Recovery: For fiscal Q3, Qualcomm anticipates revenues between $9.2 billion to $10 billion and non-GAAP EPS of $2.10 to $2.30, reflecting challenges in the handset market, particularly tied to memory supply dynamics. However, Qualcomm expects QCT handset revenues from Chinese customers to bottom out in Q3, leading to sequential growth in subsequent quarters, despite overall industry headwinds.
Future Growth Opportunities in AI and Automotive: Qualcomm is well-positioned for growth in AI, particularly with its Snapdragon platforms catering to "agentic AI" workloads. The company anticipates exceeding $6 billion in annualized automotive revenues by the end of fiscal '26, driven by their Snapdragon Digital Chassis, which supports advanced driver assistance systems (ADAS) and automated driving technologies.

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$175.96

Target Price by Analysts

29.6% downsideQualcomm Target Price DetailsTarget Price
$163.46

Current Fair Value

34.6% downside

Overvalued by 34.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$264.58 Billion
Enterprise Value$274.73 Billion
Dividend Yield$3.56 (1.42%)
Earnings per Share$5.06
Beta1.49
Outstanding Shares1,066,000,000

Return

Return on Equity36.38%ROE
Return on Assets17.37%
Return on Invested Capital25.89%

Valuation & Multiples

P/E Ratio26.97P/E Ratio
PEG16.64PEG
Price to Sales6.1Price to Sales
Price to Book Ratio10.0Price to Book Ratio
Enterprise Value to Revenue6.18
Enterprise Value to EBIT22.41
Enterprise Value to Net Income27
Total Debt to Enterprise0.06
Debt to Equity0.57Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 6, 2026
EPS Estimate
$2.56
Average shareholder expectation
Revenue Estimate
$10.59 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$2.23
Average shareholder expectation
Revenue Estimate
$9.66 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.1612 0.61%
Total Calls17,213,212 13.41%
Total Puts19,988,664 13.87%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %76.62% 0.24%
Total Invested$105.76B 25.39%
Investors Holding2,810 278.00%

ESG Score

No data

About Qualcomm, Inc.

41,000 employees
CEO: Steven Mollenkopf

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When people connected the phone to the internet, the mobile revolution was born. Today, foundational...

Relevant Senate Committees

Joint Committee on Taxation

This committee directly influences the specifics of tax legislation, including corporate tax structures and capital investment credits, which are vital for Qualcomm's financial planning, global operations, and significant R&D expenditures.

Finance

This committee controls taxation and trade policy, which are crucial for a global company like Qualcomm. Changes to corporate tax rates, R&D credits, and international trade agreements (e.g., tariffs) can significantly impact profitability and market access.

Judiciary

This committee oversees antitrust laws and intellectual property. Qualcomm's business heavily relies on its patent portfolio and has been subject to significant antitrust scrutiny, making this committee's decisions directly impactful on its licensing and competitive practices.

Select Committee on Intelligence

Members receive classified briefings on global threats, cybersecurity, and secure communications. Qualcomm's foundational wireless technologies are critical for national security, defense, and intelligence applications, making members privy to non-public information affecting demand for such technologies.

Commerce, Science, and Transportation

This committee directly oversees critical regulators like the FCC (telecommunications, spectrum, 5G deployment) and FTC (antitrust, consumer protection, 'Big Tech'). It directly impacts Qualcomm's core business through regulations on wireless technology, privacy, and competition.

Foreign Relations

As a global company, Qualcomm's international sales and licensing business are highly sensitive to U.S. foreign policy, trade relations, and sanctions legislation, which can impact market access and supply chains.