QCOM logo
QUALCOMM Incorporated
QCOM
148.94 (1.70%) 2.54
162.41(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 advanced connectivity and high-performance and low-power 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:$162.41(B)
EV:$163.18(B)
Total Equity:$27.73(B)
Div. yield:2.28%
Earnings date:Jul-30-2025
P/E:15.00
P/E (fwd):12.65
P/FCF:14.00
P/S:3.92
P/B:5.91
EPS:$9.9
EPS (fwd):$11.8
FCF/share:$10.6
Dividend/share:$3.4
Book value/share:$25.2
ROIC:26.8%
ROA:20.3%
ROE:42.3%

QCOM Valuation & Price Targets

  Current Price
148.94
PE Valuation
N/A
PEvaluation is not available for QCOM.
Analyst targets
N/A
No analyst estimates for QCOM.
DCF
N/A
Adjust your assumptions to reach a valid valuation.
DCF (exit mult.)
N/A
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Future P/E
N/A
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Peter Lynch FV
N/A
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Graham No.
N/A
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DDM
N/A
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PEvaluation

75% undervalued
Low
$195
Mid
$260
High
$325
Current price
$149
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Very wide

Analyst Price Targets

14% undervalued
Low
$140
Mid
$169
High
$245
Current price
$149
Strong Buy5
Buy12
Hold19
Sell1
Strong Sell0

Estimated EPS

LowAvgHigh#
FY+111.511.812.131
FY+210.311.914.132
FY+311.012.113.715
FY+412.713.113.43
FY+514.214.214.21

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 (*)

(*) Growth rate is capped between 0 and 25

Graham Formula

Earnings Per Share
Expected Growth Rate
Government Bond Rate

(*) Growth rate is capped to 25

Dividend Discount Model

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

(*) First stage rowth rate is capped to 20%

Based on 0 valuation methods, the average fair value estimate for QCOM is $N/A (NaN% overvalued).

Valuations range from $1.7976931348623157e+308 (N/A) to $0.0 (N/A).

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$42.29(B)
Gross profit$23.55(B)
EBITDA$13.35(B)
Net income$11.04(B)
Gross margin55.7%
Operating margin27.2%
Net margin26.1%
Shares outstanding:1.09(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$55.37(B)
Current assets$26.08(B)
Total liabilities$27.64(B)
Current liabilities$9.54(B)
Cash & Short-term inv.$13.85(B)
Long-term debt$13.26(B)
Total intangibles$12.13(B)
PP&E$4.41(B)

Cash flow (TTM)

CFOCFICFF
FCF$11.71(B)
CapEx$-1.13(B)
Dividends paid$-3.78(B)
Stock issued$389.00(M)
Stock repurchased$-7.13(B)
Stock-based comp.$2.80(B)
Debt issued$500.00(M)
Debt repaid$-1.41(B)

Per share data (TTM)

Price: $149
Revenue: $38.0 (3.9x | 25.5%) Gross profit: $21.6 (6.9x | 14.5%) Earnings: $9.93 (15.0x | 6.7%)
FCF: $10.6 (14.0x | 7.1%) Stock-based Comp.: $2.57 (58.0x | 1.7%) Dividend: $3.40 (43.8x | 2.3%)
Total Assets: $50.8 (2.9x | 34.1%) Total Liabilities: $25.4 (5.9x | 17.0%) Book Value: $25.2 (5.9x | 16.9%) Cash & ST inv.: $12.7 (11.7x | 8.5%) Debt: $12.2 (12.2x | 8.2%)

Growth Estimates

Revenue

CAGR: 2.5%
FY+1FY+2FY+3FY+4
FY+1$43.50(B)
FY+2(+1.8%)$44.29(B)
FY+3(+3.2%)$45.70(B)
FY+4(+2.4%)$46.78(B)

Net Income

CAGR: 3.8%
FY+1FY+2FY+3FY+4FY+5
FY+1$13.10(B)
FY+2(-0.5%)$13.04(B)
FY+3(+1.1%)$13.18(B)
FY+4(+5.0%)$13.84(B)
FY+5(+10.0%)$15.22(B)

EPS

CAGR: 4.7%
FY+1FY+2FY+3FY+4FY+5
FY+1$11.77
FY+2(+1.3%)$11.92
FY+3(+1.4%)$12.09
FY+4(+7.9%)$13.05
FY+5(+8.4%)$14.15

FCF per share

CAGR: 3.4%
FY+1FY+2FY+3FY+4
FY+1$13.94
FY+2(+4.8%)$14.61
FY+3(-0.1%)$14.60
FY+4(+5.5%)$15.41

Historical Financials

Showing limited histrical data. Access 10+ years of financials now! Upgrade
YearlyQuarterly
Income
FY2005FY2006FY2007FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
FY2005FY2006FY2007FY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024TTM5Y avg5Y CAGR
Revenue23.53(B)33.57(B)44.20(B)35.82(B)38.96(B)42.28(B)35.22(B)13%
COGS9.26(B)14.26(B)18.64(B)15.87(B)17.06(B)18.74(B)15.02(B)17%
Gross Profit14.28(B)19.30(B)25.57(B)19.95(B)21.90(B)23.55(B)20.20(B)11%
Total OpEx.8.02(B)9.52(B)9.71(B)12.16(B)11.83(B)12.04(B)10.25(B)10%
  R&D5.97(B)7.18(B)8.19(B)8.82(B)8.89(B)9.01(B)7.81(B)10%
  SG&A2.07(B)2.34(B)2.57(B)2.48(B)2.76(B)2.85(B)2.44(B)7%
Operating Income6.25(B)9.79(B)15.86(B)7.79(B)10.07(B)11.51(B)9.95(B)13%
Interest Expense-602.00(M)-559.00(M)-490.00(M)-694.00(M)-697.00(M)-674.00(M)-608.40(M)4%
Interest Income156.00(M)83.00(M)91.00(M)313.00(M)675.00(M)703.00(M)263.60(M)44%
Pre-tax income5.72(B)10.27(B)15.00(B)7.44(B)10.34(B)11.62(B)9.75(B)16%
Income tax-521.00(M)-1.23(B)-2.01(B)-104.00(M)-226.00(M)-600.00(M)-818.80(M)-19%
Net Income5.20(B)9.04(B)12.94(B)7.23(B)10.14(B)11.04(B)8.91(B)18%
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Stock-based Comp.FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Total AssetsTotal LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
EPS (Basic)FCF/ShareDividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
P/EP/SEV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net Income MarginOperating MarginGross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
ROICROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Market Cap.

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Ownership

Major holders

Insiders: 0.13%
Institutions: 80.78%
Other: 19.09%

Institutional ownership

10.42% Vanguard Group Inc9.27% Blackrock Inc.4.85% State Street Corporati...2.61% Geode Capital Manageme...1.71% Morgan Stanley1.61% NORGES BANK1.20% Northern Trust Corpora...1.20% Bank of America Corpor...1.05% Price (T.Rowe) Associa...0.95% UBS AM, a distinct bus...45.91% Others

Insider transactions

Show:
Buys
Sells
Grants
DateSharesTotal ($)Price ($)NameTitle
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
Grant2025-03-3121900.0TRICOIRE JEAN-PASCALDirector
Grant2025-03-3118700.0SMIT NEILDirector
Grant2025-03-182,09700.0MILLER JAMIE SDirector
Grant2025-03-182,09700.0MCLAUGHLIN MARK DDirector
Grant2025-03-182,09700.0HENDERSON JEFFREY WILLIAMDirector
Grant2025-03-182,09700.0MYERS MARIE ELIZABETHDirector
Grant2025-03-182,09700.0TRICOIRE JEAN-PASCALDirector
Grant2025-03-182,09700.0ACEVEDO SYLVIADirector
Grant2025-03-182,09700.0SMIT NEILDirector
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
Grant2024-12-3121900.0TRICOIRE JEAN-PASCALDirector
Grant2024-12-3118700.0SMIT NEILDirector
Sell2024-12-162,587409,056158.1CHAPLIN ANN CGeneral Counsel
Sell2024-12-1010,3731,665,781160.6ROGERS ALEXANDER HOfficer
Sell2024-12-107,7171,239,288160.6CHAPLIN ANN CGeneral Counsel
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
Grant2024-09-3019800.0TRICOIRE JEAN-PASCALDirector
Grant2024-09-3016900.0SMIT NEILDirector
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
Sell2024-08-084,539746,212164.4THOMPSON JAMES H.Chief Technology Officer
Sell2024-08-083,000488,662162.9PALKHIWALA AKASH JChief Operating Officer
Sell2024-08-028,0001,284,000160.5THOMPSON JAMES H.Chief Technology Officer
Sell2024-07-053,000616,815205.6PALKHIWALA AKASH JChief Operating Officer
Sell2024-07-018,0001,595,760199.5THOMPSON JAMES H.Chief Technology Officer
Grant2024-06-2816800.0TRICOIRE JEAN-PASCALDirector
Grant2024-06-2814300.0SMIT NEILDirector
Sell2024-06-038,0001,676,880209.6THOMPSON JAMES H.Chief Technology Officer
Sell2024-06-033,000617,299205.8PALKHIWALA AKASH JChief Operating Officer

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