QCOM logo
QUALCOMM Incorporated
QCOM
177.12 (-2.01%) 3.56
Market cap
$189.17(B)
Earnings date
Nov-04-2026
Category
Sector
Information Technology
Industry
Semiconductors and Semiconductor Equipment
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity digital cockpit and ADAS/AD; and IoT including consumer electronic devices industrial devices and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents including 3G 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries including 5G artificial intelligence automotive consumer enterprise cloud IoT and extended reality and investments including non-marketable equity securities and to a lesser extent marketable equity securities and convertible debt instruments. It also provides development and other services and sells related products to the United States government agencies and their contractors. In addition the company is also involved in Qualcomm government technologies and data center businesses. Further it provides security and intelligence services for unmanaged networks through software-based network security solutions. The company is in collaboration with Amazon to enable customized silicon at scale for large-scale AI data centers. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego California.
EV: $237.91(B)
Total Equity: $27.66(B)
Debt/Equity: 0.55
Dividend/share: $3.6
Div. yield: 2.03%
P/E: 20.43
Forward P/E: 16.90
P/FCF: 17.98
P/S: 4.29
P/B: 6.77
EPS: $8.7
EPS (fwd): $10.5
FCF/share: $9.8
Revenue/share: $41.3
Book value/share: $26.2
ROIC: 14.4%
ROA: 10.5%
ROE: 23.3%
Margins: Gross | Op. | Net
54.2% | 28.0% | 21.0%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
120%
$390
Valuation summary
Min—
Max—
Average—
Median—
Valuation comparison
Current price$177
Quality checklist score
7/8
Based on your selected metrics.
5Y Shares Out Change < 0% ROIC > 10% Debt/Equity < 1 Current Ratio > 1 Quick Ratio > 1 Net Margin > 10% Est. EPS Growth > 5%
Past Net Income CAGR > 0%

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$44.07(B)
Gross profit$23.90(B)
EBITDA$12.00(B)
Net income$9.26(B)
Gross margin54.2%
Operating margin28.0%
Net margin21.0%
Shares outstanding1.07(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$57.37(B)
Current assets$23.00(B)
Total liabilities$29.71(B)
Current liabilities$11.41(B)
Cash & Short-term inv.$8.30(B)
Long-term debt$12.78(B)
Total intangibles$15.78(B)
PP&E$5.22(B)

Cash flow (TTM)

CFOCFICFF
FCF$10.42(B)
CapEx$-1.99(B)
Dividends paid$-3.83(B)
Stock issued$426.00(M)
Stock repurchased$-10.38(B)
Stock-based comp.$3.24(B)
Debt issued$3.24(B)
Debt repaid$-2.92(B)

Per share data (TTM)

Price
Price
$177
Income
Revenue
$41.3•4.3x|23.3%
Gross profit
$22.4•7.9x|12.6%
Earnings (EPS)
$8.67•20.4x|4.9%
Cash flow
FCF
$9.85•18.0x|5.6%
Stock-based comp.
$3.04•58.4x|1.7%
CapEx
$1.86•95.3x|1.0%
Dividend
$3.59•49.3x|2.0%
Balance sheet
Total assets
$53.7•3.3x|30.3%
Total liabilities
$27.8•6.4x|15.7%
Book value
$26.2•6.8x|14.8%
Cash & ST inv.
$7.77•22.8x|4.4%
Debt
$12.0•14.8x|6.8%
Forward earnings
EPS FY+1
$10.5•16.9x|5.9%
EPS FY+2
$10.2•17.4x|5.7%
EPS FY+3
$12.8•13.8x|7.2%
EPS FY+4
$17.0•10.4x|9.6%
EPS FY+5
$18.8•9.4x|10.6%
Forward FCF
FCF FY+1
$9.67•18.3x|5.5%
FCF FY+2
$9.36•18.9x|5.3%
FCF FY+3
$11.5•15.4x|6.5%
FCF FY+4
$14.6•12.2x|8.2%
FCF FY+5
$14.5•12.2x|8.2%

Summary

QCOM Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
—
Analyst targets
—
DCF (2-stage)
—

More Valuation Methods

DCF (simple)
—
DCF (exit mult.)
—
DDM
—
EPS growth
—
Revenue growth
—
Peter Lynch FV
—
Graham No.
—

PEvaluation

CURRENT PRICE
$177
120% Undervalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+19.310.510.630
FY+28.810.212.233
FY+310.412.814.322
FY+415.317.018.47
FY+518.518.819.12

Analyst Price Targets

CURRENT PRICE
$177
1% Overvalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy2
Buy9
Hold23
Sell1
Strong Sell2

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR9.3%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$44.07(B)
FY+1
30
3%
$42.88(B)
FY+2
32
5%
$44.86(B)
FY+3
23
15%
$51.59(B)
FY+4
8
21%
$62.36(B)
FY+5
2
10%
$68.67(B)

Net Income

CAGR15.2%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$9.26(B)
FY+1
29
23%
$11.40(B)
FY+2
29
6%
$10.71(B)
FY+3
21
25%
$13.35(B)
FY+4
5
26%
$16.87(B)
FY+5
2
11%
$18.76(B)

EPS

CAGR16.7%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$8.67
FY+1
30
21%
$10.48
FY+2
33
3%
$10.18
FY+3
22
26%
$12.82
FY+4
7
32%
$16.96
FY+5
2
11%
$18.79

FCF per share

CAGR8.0%
TTMFY+1FY+2FY+3FY+4FY+5
TTM
$9.85
FY+1
11
2%
$9.67
FY+2
11
3%
$9.36
FY+3
9
23%
$11.52
FY+4
3
26%
$14.57
FY+5
2
1%
$14.48

Historical Financials (in USD)

Income(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.010.0(B)20.0(B)30.0(B)40.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)12.0(B)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.010.0(B)20.0(B)30.0(B)40.0(B)50.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.02.04.06.08.010.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.05.010.015.020.025.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0%10%20%30%40%50%60%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0%10%20%30%40%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.0200.0(M)400.0(M)600.0(M)800.0(M)1.0(B)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q4'20 (TTM)Q4'21 (TTM)Q4'22 (TTM)Q4'23 (TTM)Q4'24 (TTM)Q4'25 (TTM)0.050.0(B)100.0(B)150.0(B)
Market Cap.

KPIs

Operating Expense Breakdown(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Research and Development Cost of Revenues Selling, General, and Administrative Other Expenses
Revenue By Segment(show more...)
3/20246/20249/202412/20243/20256/20259/202512/20253/20266/2026
Equipment and Services Licensing

QCOM vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.12%
Institutions: 83.08%
Other: 16.80%

Institutional ownership

9.06% Blackrock Inc.6.56% Vanguard Capital Manag...5.03% State Street Corporati...3.44% Invesco Ltd.3.22% Vanguard Portfolio Man...2.82% Geode Capital Manageme...2.12% Charles Schwab Investm...1.64% Van Eck Associates Cor...1.63% Morgan Stanley1.54% NORGES BANK46.01% Others

Trading Summary

In the past year, insiders have sold a net of $42.65(M).

Total insider buys: $0.00
Total insider sells: $42.65(M)

In the past year, Congress members have bought a net of $16500.

Total congressional buys (avg): $65001
Total congressional sells (avg): $48502

Based on the reported ranges: buys $30002–$100000, sells $17003–$80000.

Insider transactions

$0.002026-11$0.00
$0.002026-10$0.00
$0.002026-09$0.00
$9804522026-08$0.00
$4520302026-07$0.00
$4933802026-06$0.00
$4.92(M)2026-05$0.00
$3695462026-04$0.00
$4083792026-03$0.00
$8971992026-02$0.00
$5776202026-01$0.00
$6.34(M)2025-12$0.00
$9619542025-11$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-08-21625101,781162.8GRECH PATRICIA YOfficer
Sell2026-08-122,500408,143163.3PALKHIWALA AKASH JChief Operating Officer
Sell2026-08-033,200470,528147.0ACE HEATHER SOfficer
Sell2026-07-142,500452,030180.8PALKHIWALA AKASH JChief Operating Officer
Grant2026-06-3018200.0TRICOIRE JEAN-PASCALDirector
Grant2026-06-3039200.0MCLAUGHLIN MARK DDirector
Sell2026-06-112,500493,380197.4PALKHIWALA AKASH JChief Operating Officer
Sell2026-05-21829167,267201.8GRECH PATRICIA YOfficer
Sell2026-05-122,500529,741211.9PALKHIWALA AKASH JChief Operating Officer
Sell2026-05-0510,0001,850,000185.0AMON CRISTIANO RENNOChief Executive Officer
Sell2026-05-043,200569,024177.8ACE HEATHER SOfficer
Sell2026-05-0410,0001,800,000180.0AMON CRISTIANO RENNOChief Executive Officer
Sell2026-04-3019233,024172.0GRECH PATRICIA YOfficer
Sell2026-04-132,500325,854130.3PALKHIWALA AKASH JChief Operating Officer
Sell2026-04-028510,668125.5GRECH PATRICIA YOfficer
Grant2026-03-3126200.0TRICOIRE JEAN-PASCALDirector
Grant2026-03-3153800.0MCLAUGHLIN MARK DDirector
Grant2026-03-172,56300.0TRICOIRE JEAN-PASCALDirector
Grant2026-03-172,56300.0ACEVEDO SYLVIADirector
Grant2026-03-172,56300.0KOLTER JEREMY ZDirector
Grant2026-03-172,56300.0MILLER JAMIE SDirector
Grant2026-03-172,56300.0MCLAUGHLIN MARK DDirector
Grant2026-03-172,56300.0HENDERSON JEFFREY WILLIAMDirector
Grant2026-03-172,56300.0MYERS MARIE ELIZABETHDirector
Grant2026-03-172,56300.0ROSENFELD IRENE BDirector
Grant2026-03-172,56300.0FIELDS MARK FDirector
Grant2026-03-172,56300.0LIVERMORE ANN MDirector
Sell2026-03-1258177,564133.5GRECH PATRICIA YOfficer
Sell2026-03-122,500330,815132.3PALKHIWALA AKASH JChief Operating Officer
Grant2026-02-1926,54200.0ACE HEATHER SOfficer
Sell2026-02-093,200438,400137.0ACE HEATHER SOfficer
Sell2026-02-063,333458,799137.7PALKHIWALA AKASH JChief Operating Officer
Sell2026-01-023,333577,620173.3PALKHIWALA AKASH JChief Operating Officer
Grant2025-12-3119700.0TRICOIRE JEAN-PASCALDirector
Grant2025-12-3140100.0MCLAUGHLIN MARK DDirector
Grant2025-12-3116800.0YOUNG CHRISTOPHER DAVIDDirector
Grant2025-12-3116800.0SMIT NEILDirector
Sell2025-12-1912,5382,197,736175.3PALKHIWALA AKASH JChief Operating Officer
Sell2025-12-167,1801,278,238178.0CHAPLIN ANN CGeneral Counsel
Sell2025-12-1615,9172,833,331178.0ROGERS ALEXANDER HOfficer
Grant2025-12-1514,89900.0CHAPLIN ANN CGeneral Counsel
Grant2025-12-1570,20300.0AMON CRISTIANO RENNOChief Executive Officer
Grant2025-12-1511,40700.0ACE HEATHER SOfficer
Grant2025-12-1524,57600.0PALKHIWALA AKASH JChief Operating Officer
Grant2025-12-1521,05100.0ROGERS ALEXANDER HOfficer
Sell2025-12-0220334,510170.0GRECH PATRICIA YOfficer
Sell2025-11-2151382,567160.9GRECH PATRICIA YOfficer
Sell2025-11-0720335,093172.9GRECH PATRICIA YOfficer
Sell2025-11-073,333567,702170.3PALKHIWALA AKASH JChief Operating Officer
Sell2025-11-071,600276,592172.9ACE HEATHER SOfficer
Sell2025-10-208,3351,384,142166.1PALKHIWALA AKASH JChief Operating Officer
Sell2025-10-01150,00024,833,983165.6AMON CRISTIANO RENNOChief Executive Officer
Grant2025-09-3020200.0TRICOIRE JEAN-PASCALDirector
Grant2025-09-3042800.0MCLAUGHLIN MARK DDirector
Grant2025-09-3017200.0YOUNG CHRISTOPHER DAVIDDirector
Grant2025-09-3017200.0SMIT NEILDirector
Sell2025-09-2220134,170170.0GRECH PATRICIA YOfficer

Congressional trading

$0.002026-11$0.00
$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$325012026-01$32501
$0.002025-12$0.00
$0.002025-11$0.00
DatePoliticianPartyChamberAmount ($)
Sell2026-01-29Ro KhannaDHouse$15,001 - $50,000
Buy2026-01-23Ro KhannaDHouse$15,001 - $50,000
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000
Sell2025-09-23Val T. HoyleDHouse$1,001 - $15,000
Buy2025-09-10Cleo FieldsDHouse$15,001 - $50,000

Tools

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