QCOM logo
QUALCOMM Incorporated
QCOM
158.78 (-1.79%) 2.85
171.13(B)
Information Technology
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 CDMA2000 WCDMA LTE and/or OFDMA-based 5G products. 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. The company was incorporated in 1985 and is headquartered in San Diego California.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$171.13(B)
EV:$179.11(B)
Total Equity:$27.21(B)
Div. yield:2.17%
Earnings date:Nov-05-2025
P/E:15.17
P/E (fwd):13.35
P/FCF:14.81
P/S:4.06
P/B:6.33
EPS:$10.5
EPS (fwd):$11.9
FCF/share:$10.7
Dividend/share:$3.4
Book value/share:$25.1
ROIC:28.5%
ROA:21.5%
ROE:44.6%
Gross margin:55.7%
Net margin:26.8%

QCOM Valuation & Price Targets

Current Price
$159
Day change: -1.79%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

73% undervalued
Low
$206
Mid
$274
High
$343
Current price
$159
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+111.811.912.029
FY+211.112.114.029
FY+311.612.413.317
FY+413.013.413.63
FY+515.215.215.21
EPS

Analyst Price Targets

10% undervalued
Low
$140
Mid
$175
High
$225
Current price
$159

Analyst Recommendations

Strong Buy5
Buy13
Hold17
Sell1
Strong Sell0

EPS Estimates

LowAvgHigh#
FY+111.811.912.029
FY+211.112.114.029
FY+311.612.413.317
FY+413.013.413.63
FY+515.215.215.21

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
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
Exit FCF Multiple
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%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

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

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$43.26(B)
Gross profit$24.09(B)
EBITDA$13.87(B)
Net income$11.58(B)
Gross margin55.7%
Operating margin27.8%
Net margin26.8%
Shares outstanding:1.08(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$54.86(B)
Current assets$24.91(B)
Total liabilities$27.65(B)
Current liabilities$7.80(B)
Cash & Short-term inv.$10.01(B)
Long-term debt$14.79(B)
Total intangibles$12.57(B)
PP&E$4.50(B)

Cash flow (TTM)

CFOCFICFF
FCF$11.62(B)
CapEx$-1.04(B)
Dividends paid$-3.80(B)
Stock issued$388.00(M)
Stock repurchased$-8.66(B)
Stock-based comp.$2.82(B)
Debt issued$2.48(B)
Debt repaid$-2.36(B)

Per share data (TTM)

Price: $159
Revenue: $39.1 (4.1x | 24.6%) Gross profit: $22.3 (7.1x | 14.1%) Earnings: $10.5 (15.2x | 6.6%)
FCF: $10.7 (14.8x | 6.8%) Stock-based Comp.: $2.61 (60.8x | 1.6%) Dividend: $3.44 (46.2x | 2.2%)
Total Assets: $50.9 (3.1x | 32.1%) Total Liabilities: $25.7 (6.2x | 16.2%) Book Value: $25.1 (6.3x | 15.8%) Cash & ST inv.: $9.29 (17.1x | 5.8%) Debt: $13.7 (11.6x | 8.6%)

Growth Estimates

Revenue

CAGR: 2.6%
FY+1FY+2FY+3FY+4
FY+1$43.63(B)
FY+2(+1.9%)$44.47(B)
FY+3(+3.5%)$46.01(B)
FY+4(+2.5%)$47.16(B)

Net Income

CAGR: 5.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$13.14(B)
FY+2(-1.4%)$12.95(B)
FY+3(+2.0%)$13.21(B)
FY+4(+7.2%)$14.16(B)
FY+5(+15.2%)$16.32(B)

EPS

CAGR: 6.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$11.89
FY+2(+1.6%)$12.08
FY+3(+2.4%)$12.37
FY+4(+8.0%)$13.36
FY+5(+13.5%)$15.16

FCF per share

CAGR: 5.1%
FY+1FY+2FY+3FY+4
FY+1$13.22
FY+2(+6.3%)$14.05
FY+3(+3.8%)$14.58
FY+4(+5.3%)$15.35

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.0(B)20.0(B)30.0(B)40.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.0(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 liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.02.04.06.08.010.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.010.015.020.025.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%10%20%30%40%50%60%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%10%20%30%40%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0200.0(M)400.0(M)600.0(M)800.0(M)1.0(B)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.050.0(B)100.0(B)150.0(B)
Market Cap.

KPIs

Revenue By Segment
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Equipment and Services Licensing

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.13%
Institutions: 81.04%
Other: 18.83%

Institutional ownership

10.63% Vanguard Group Inc9.34% Blackrock Inc.4.97% State Street Corporati...2.38% Geode Capital Manageme...1.81% Morgan Stanley1.58% NORGES BANK1.32% Bank of America Corpor...1.18% Northern Trust Corpora...1.14% UBS AM, a distinct bus...1.07% Amundi45.62% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $18.89(M).

Congress members have bought between $2.01(M) - $10.15(M) worth of the company's stock, and sold between $64008 - $260000.

Insider transactions

2025-10

$0.00
$0.00

2025-09

$0.00
$0.00

2025-08

$887686
$0.00

2025-07

$537560
$0.00

2025-06

$486965
$0.00

2025-05

$807038
$0.00

2025-04

$446604
$0.00

2025-03

$770076
$0.00

2025-02

$3.92(M)
$0.00

2025-01

$463851
$0.00

2024-12

$3.80(M)
$0.00

2024-11

$2.38(M)
$0.00

2024-10

$2.40(M)
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-08-2723637,373158.4GRECH PATRICIA YOfficer
Sell2025-08-21791122,463154.8MARTIN NEIL AOfficer
Sell2025-08-043,333493,610148.1PALKHIWALA AKASH JChief Operating Officer
Sell2025-08-011,600234,240146.4ACE HEATHER SOfficer
Sell2025-07-023,333537,560161.3PALKHIWALA AKASH JChief Operating Officer
Grant2025-06-3045500.0MCLAUGHLIN MARK DDirector
Grant2025-06-3018000.0SMIT NEILDirector
Grant2025-06-3021100.0TRICOIRE JEAN-PASCALDirector
Sell2025-06-023,333486,965146.1PALKHIWALA AKASH JChief Operating Officer
Sell2025-05-21786120,808153.7MARTIN NEIL AOfficer
Grant2025-05-121,74800.0YOUNG CHRISTOPHER DAVIDDirector
Sell2025-05-053,333465,846139.8PALKHIWALA AKASH JChief Operating Officer
Sell2025-05-021,600220,384137.7ACE HEATHER SOfficer
Sell2025-04-0964891,442141.1PALKHIWALA AKASH JChief Operating Officer
Sell2025-04-08904119,900132.6PALKHIWALA AKASH JChief Operating Officer
Sell2025-04-041,781235,262132.1PALKHIWALA AKASH JChief Operating Officer
Grant2025-03-3145100.0MCLAUGHLIN MARK DDirector
Grant2025-03-3118700.0SMIT NEILDirector
Grant2025-03-3121900.0TRICOIRE JEAN-PASCALDirector
Grant2025-03-182,09700.0MILLER JAMIE SDirector
Grant2025-03-182,09700.0HENDERSON JEFFREY WILLIAMDirector
Grant2025-03-182,09700.0MCLAUGHLIN MARK DDirector
Grant2025-03-182,09700.0MYERS MARIE ELIZABETHDirector
Grant2025-03-182,09700.0SMIT NEILDirector
Grant2025-03-182,09700.0TRICOIRE JEAN-PASCALDirector
Grant2025-03-182,09700.0ACEVEDO SYLVIADirector
Grant2025-03-182,09700.0LIVERMORE ANN MDirector
Grant2025-03-182,09700.0FIELDS MARK FDirector
Grant2025-03-182,09700.0ROSENFELD IRENE BDirector
Sell2025-03-121,600246,784154.2ACE HEATHER SOfficer
Sell2025-03-033,337523,292156.8PALKHIWALA AKASH JChief Operating Officer
Sell2025-02-21744130,074174.8MARTIN NEIL AOfficer
Sell2025-02-123,000509,397169.8PALKHIWALA AKASH JChief Operating Officer
Sell2025-02-1019,2873,275,553169.8ROGERS ALEXANDER HOfficer
Sell2025-01-023,000463,851154.6PALKHIWALA AKASH JChief Operating Officer
Grant2024-12-3118700.0SMIT NEILDirector
Grant2024-12-3121900.0TRICOIRE JEAN-PASCALDirector
Sell2024-12-162,587409,056158.1CHAPLIN ANN CGeneral Counsel
Sell2024-12-107,7171,239,288160.6CHAPLIN ANN CGeneral Counsel
Sell2024-12-1010,3731,665,781160.6ROGERS ALEXANDER HOfficer
Grant2024-12-0972,45000.0AMON CRISTIANO RENNOChief Executive Officer
Grant2024-12-0940,75400.0THOMPSON JAMES H.Chief Technology Officer
Grant2024-12-0912,45300.0ACE HEATHER SOfficer
Grant2024-12-0922,64100.0ROGERS ALEXANDER HOfficer
Grant2024-12-0921,73600.0PALKHIWALA AKASH JChief Operating Officer
Grant2024-12-0925,45500.0CHAPLIN ANN CGeneral Counsel
Sell2024-12-053,000484,617161.5PALKHIWALA AKASH JChief Operating Officer
Sell2024-11-211,304202,120155.0MARTIN NEIL AOfficer
Sell2024-11-143,000491,349163.8PALKHIWALA AKASH JChief Operating Officer
Sell2024-11-088,0001,376,720172.1THOMPSON JAMES H.Chief Technology Officer
Sell2024-11-041,901313,779165.1CHAPLIN ANN CGeneral Counsel
Grant2024-10-0867700.0MYERS MARIE ELIZABETHDirector
Sell2024-10-023,245539,157166.2ROGERS ALEXANDER HOfficer
Sell2024-10-018,0001,358,400169.8THOMPSON JAMES H.Chief Technology Officer
Sell2024-10-013,000497,848165.9PALKHIWALA AKASH JChief Operating Officer
Grant2024-09-3016900.0SMIT NEILDirector
Grant2024-09-3019800.0TRICOIRE JEAN-PASCALDirector
Sell2024-09-05774126,224163.1MARTIN NEIL AOfficer
Grant2024-09-0362300.0THOMPSON JAMES H.Chief Technology Officer
Sell2024-09-038,0001,373,760171.7THOMPSON JAMES H.Chief Technology Officer
Sell2024-09-033,000497,980166.0PALKHIWALA AKASH JChief Operating Officer

Congressional trading

2025-10

$0.00
$0.00

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$0.00

2025-06

$0.00
$0.00

2025-05

$0.00
$16001

2025-04

$89003
$24002

2025-03

$0.00
$16001

2025-02

$0.00
$0.00

2025-01

$0.00
$6.00(M)

2024-12

$0.00
$0.00

2024-11

$65001
$8001

2024-10

$0.00
$8001
DatePoliticianPartyChamberAmount ($)
Buy2025-05-19Ro KhannaDHouse$1,001 - $15,000
Buy2025-05-05Marjorie Taylor GreeneRHouse$1,001 - $15,000
Sell2025-04-09Ro KhannaDHouse$15,001 - $50,000
Buy2025-04-08Marjorie Taylor GreeneRHouse$1,001 - $15,000
Sell2025-04-08Rob BresnahanRHouse$1,001 - $15,000
Buy2025-04-07Jared MoskowitzDHouse$1,001 - $15,000
Sell2025-04-07Jefferson ShreveRHouse$15,001 - $50,000
Buy2025-04-04Marjorie Taylor GreeneRHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Buy2025-03-06Ro KhannaDHouse$1,001 - $15,000
Buy2025-03-06Ro KhannaDHouse$1,001 - $15,000
Buy2025-01-22Ro KhannaDHouse$1,000,001 - $5,000,000
Buy2025-01-22Ro KhannaDHouse$1,000,001 - $5,000,000
Buy2024-11-20Marjorie Taylor GreeneRHouse$1,001 - $15,000
Sell2024-11-12Ro KhannaDHouse$15,001 - $50,000
Sell2024-11-12Ro KhannaDHouse$15,001 - $50,000
Buy2024-10-31William R. KeatingDHouse$1,001 - $15,000
Buy2024-09-03Marjorie Taylor GreeneRHouse$1,001 - $15,000
Sell2024-08-05Ro KhannaDHouse$1,001 - $15,000

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