QCOM logo
QUALCOMM Incorporated
QCOM
128.06 (0.34%) 0.44
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 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. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego California.

Quality Checklist 7/8

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%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Market cap: $136.64(B)
EV: $135.27(B)
Total Equity: $23.07(B)
Earnings date: Apr-29-2026
P/E: 25.92
Forward P/E: 11.53
P/FCF: 10.64
P/S: 3.10
P/B: 5.96
EPS: $4.9
EPS (fwd): $11.1
FCF/share: $12.0
Revenue/share: $41.3
Book value/share: $21.5
ROIC: 14.4%
ROA: 10.5%
ROE: 23.3%
Debt/Equity: 0.64
Current Ratio: 2.50
Gross margin: 55.1%
Operating margin: 28.0%
Net margin: 12.0%
Dividend/share: $3.5
Div. yield: 2.75%

QCOM Valuation & Price Targets

Current Price
$128

Favorite Valuation Methods

More Valuation Methods

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

PEvaluation

134% undervalued
Low
$225
Mid
$299
High
$374
Current price
$128
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+110.611.112.031
FY+29.711.112.332
FY+311.012.314.211
FY+415.315.315.31
FY+516.716.716.71

Analyst Price Targets

17% undervalued
Low
$100
Mid
$150
High
$200
Current price
$128

Analyst Recommendations

Strong Buy3
Buy8
Hold22
Sell2
Strong Sell1

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
LowMidHigh
Terminal Growth Rate
LowMidHigh
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
LowMidHigh
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
LowMidHigh
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
Final Growth Rate
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
LowMidHigh
Final P/E
LowMidHigh
Discount Rate

Revenue Growth Valuation

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

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

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

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$44.87(B)
Gross profit$24.72(B)
EBITDA$13.76(B)
Net income$5.37(B)
Gross margin55.1%
Operating margin28.0%
Net margin12.0%
Shares outstanding1.07(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$53.03(B)
Current assets$24.61(B)
Total liabilities$29.96(B)
Current liabilities$9.82(B)
Cash & Short-term inv.$11.82(B)
Long-term debt$14.82(B)
Total intangibles$15.81(B)
PP&E$4.89(B)

Cash flow (TTM)

CFOCFICFF
FCF$12.93(B)
CapEx$-1.46(B)
Dividends paid$-3.81(B)
Stock issued$404.00(M)
Stock repurchased$-10.77(B)
Stock-based comp.$2.91(B)
Debt issued$1.99(B)
Debt repaid$-1.86(B)

Per share data (TTM)

Price: $128
Revenue: $41.3 (3.1x | 32.3%) Gross profit: $23.2 (5.5x | 18.1%) Earnings: $4.94 (25.9x | 3.9%)
FCF: $12.0 (10.6x | 9.4%) Stock-based Comp.: $2.73 (46.9x | 2.1%) CapEx.: $1.37 (93.3x | 1.1%) Dividend: $3.52 (36.4x | 2.7%)
Total Assets: $49.7 (2.6x | 38.8%) Total Liabilities: $28.1 (4.6x | 21.9%) Book Value: $21.5 (6.0x | 16.8%) Cash & ST inv.: $11.1 (11.6x | 8.7%) Debt: $13.9 (9.2x | 10.8%)
Earnings FY+1: $11.1 (11.5x | 8.7%) Earnings FY+2: $11.1 (11.5x | 8.7%) Earnings FY+3: $12.3 (10.4x | 9.6%) Earnings FY+4: $15.3 (8.4x | 12.0%) Earnings FY+5: $16.7 (7.7x | 13.0%)
FCF FY+1: $12.0 (10.7x | 9.4%) FCF FY+2: $11.0 (11.6x | 8.6%) FCF FY+3: $12.5 (10.3x | 9.7%) FCF FY+4: $11.9 (10.8x | 9.3%) FCF FY+5: $12.7 (10.1x | 9.9%)

Summary

Growth Estimates

Revenue

CAGR: 7.5%
FY+1FY+2FY+3FY+4FY+5
FY+1$43.60(B)
FY+2(+0.6%)$43.86(B)
FY+3(+7.6%)$47.18(B)
FY+4(+16.1%)$54.77(B)
FY+5(+6.5%)$58.32(B)

Net Income

CAGR: 7.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$11.89(B)
FY+2(-1.7%)$11.69(B)
FY+3(+9.6%)$12.81(B)
FY+4(+17.5%)$15.05(B)
FY+5(+6.7%)$16.06(B)

EPS

CAGR: 10.7%
FY+1FY+2FY+3FY+4FY+5
FY+1$11.11
FY+2(-0.2%)$11.09
FY+3(+11.0%)$12.31
FY+4(+24.4%)$15.31
FY+5(+8.9%)$16.67

FCF per share

CAGR: 1.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$12.01
FY+2(-8.3%)$11.02
FY+3(+13.2%)$12.47
FY+4(-4.5%)$11.90
FY+5(+6.4%)$12.67

Historical Financials

Showing limited histrical data.
TTM (Y)TTM (Q)FYFQ
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/BEV/FCFDebt/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 MarginFCF 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...)
6/20239/202312/20233/20246/20249/202412/20243/20256/20259/2025
Research and Development Cost of Revenues Selling, General, and Administrative Other Expenses
Revenue By Segment(show more...)
6/20239/202312/20233/20246/20249/202412/20243/20256/20259/2025
Equipment and Services Licensing

QCOM vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 0.14%
Institutions: 81.69%
Other: 18.17%

Institutional ownership

10.70% Vanguard Group Inc9.39% Blackrock Inc.4.96% State Street Corporati...2.71% Geode Capital Manageme...1.74% Morgan Stanley1.57% Wellington Management ...1.42% NORGES BANK1.19% Invesco Ltd.1.17% Bank of America Corpor...1.13% Northern Trust Corpora...45.71% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $38.95(M).

Congress members have bought between $39011 - $235000 worth of the company's stock, and sold between $59017 - $360000.

Insider transactions

$0.002026-05$0.00
$106682026-04$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
$26.22(M)2025-10$0.00
$6010462025-09$0.00
$8876862025-08$0.00
$5375602025-07$0.00
$4869652025-06$0.00
$8070382025-05$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-04-028510,668125.5GRECH PATRICIA YOfficer
Grant2026-03-172,56300.0LIVERMORE ANN MDirector
Grant2026-03-172,56300.0ROSENFELD IRENE BDirector
Grant2026-03-172,56300.0FIELDS MARK FDirector
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
Grant2026-03-172,56300.0TRICOIRE JEAN-PASCALDirector
Grant2026-03-172,56300.0ACEVEDO SYLVIADirector
Grant2026-03-172,56300.0KOLTER JEREMY ZDirector
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
Grant2025-12-3140100.0MCLAUGHLIN MARK DDirector
Grant2025-12-3116800.0YOUNG CHRISTOPHER DAVIDDirector
Grant2025-12-3116800.0SMIT NEILDirector
Grant2025-12-3119700.0TRICOIRE JEAN-PASCALDirector
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
Grant2025-12-1570,20300.0AMON CRISTIANO RENNOChief Executive Officer
Grant2025-12-1511,40700.0ACE HEATHER SOfficer
Grant2025-12-1521,05100.0ROGERS ALEXANDER HOfficer
Grant2025-12-1524,57600.0PALKHIWALA AKASH JChief Operating Officer
Grant2025-12-1514,89900.0CHAPLIN ANN CGeneral Counsel
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
Grant2025-09-3042800.0MCLAUGHLIN MARK DDirector
Grant2025-09-3017200.0YOUNG CHRISTOPHER DAVIDDirector
Grant2025-09-3017200.0SMIT NEILDirector
Grant2025-09-3020200.0TRICOIRE JEAN-PASCALDirector
Sell2025-09-2220134,170170.0GRECH PATRICIA YOfficer
Sell2025-09-1227344,068161.4GRECH PATRICIA YOfficer
Grant2025-09-021,04900.0KOLTER JEREMY ZDirector
Sell2025-09-023,333522,808156.9PALKHIWALA AKASH JChief Operating Officer
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

Congressional trading

$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
$0.002025-10$0.00
$160012025-09$32501
$240022025-08$24002
$400032025-07$0.00
$0.002025-06$0.00
$0.002025-05$24002
DatePoliticianPartyChamberAmount ($)
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
Sell2025-08-26Ro KhannaDHouse$1,001 - $15,000
Sell2025-08-26Ro KhannaDHouse$1,001 - $15,000
Sell2025-08-26Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-04Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-04Ro KhannaDHouse$1,001 - $15,000
Buy2025-08-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-07-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-07-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-07-25Ro KhannaDHouse$1,001 - $15,000
Sell2025-07-11Ritchie TorresDHouse$1,001 - $15,000
Sell2025-07-11Ritchie TorresDHouse$1,001 - $15,000
Buy2025-05-28Ro KhannaDHouse$1,001 - $15,000
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
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000

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