QUALCOMM Incorporated logo

QUALCOMM Incorporated

QCOM

NASDAQTechnologySemiconductors

Previous close

$160.75

+$0.01 · +0.01%

Aug 21, 4:00 PM ET

QCOM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

41

Neutral

Sentiment

57

Mixed

Risk resilience

45

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

QUALCOMM Incorporated is a company dedicated to developing and bringing to market fundamental technologies crucial for the global wireless communication industry. Its operations are structured into three primary segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT division specializes in creating and supplying integrated circuits and system software, leveraging 3G, 4G, 5G, and other advanced wireless technologies. These components are essential for a range of products, including those used for wireless voice and data communication, networking, application processing, multimedia, and global positioning. The QTL segment generates revenue by licensing its extensive intellectual property portfolio, which encompasses various patent rights vital for the manufacture and sale of wireless devices, particularly those adhering to standards like CDMA2000, WCDMA, LTE, and OFDMA-based 5G. Through its QSI segment, Qualcomm invests in early-stage companies across diverse sectors such as 5G, artificial intelligence, automotive, consumer electronics, enterprise solutions, cloud computing, and the Internet of Things, aiming to support the introduction of new products and services for both existing and emerging communication applications. Furthermore, the company provides development services and related products to United States government agencies and their contractors. Founded in 1985, QUALCOMM Incorporated maintains its headquarters in San Diego, California.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Cristiano Renno Amon
Listed since
Dec 13, 1991
Employees
52,000

Market position

Day range

Current $160.75

52-week range

Current $160.75

Open
$162.92
Previous close
$160.74
Volume
8.52M
0.44× average
Average volume
19.59M
Average daily volume
Market cap
168.79B USD
Beta
1.66
Market reference 1
50-day average
$178.53
-9.96% below average
200-day average
$168.22
-4.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
189.7B USD
P/E (TTM)
18.31×
P/B (TTM)
6.14×
P/S (TTM)
3.83×
EV / EBITDA
12.71×
Earnings yield
3.06%
Free cash flow yield
7.08%
Dividend yield
2.23%

Profitability & efficiency

Gross margin
54.23%
Operating margin
23.19%
Net margin
21.01%
Return on equity
26.13%
Return on assets
11.05%
Return on invested capital
13.15%

Financial health

Debt / equity
0.55×
Current ratio
2.82×
Altman Z-score
5.77
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%44%26%8%Gross margin, FY2021: 57.51%Gross margin, FY2022: 57.84%Gross margin, FY2023: 55.70%Gross margin, FY2024: 56.21%Gross margin, FY2025: 55.43%Operating margin, FY2021: 29.16%Operating margin, FY2022: 35.88%Operating margin, FY2023: 21.74%Operating margin, FY2024: 25.85%Operating margin, FY2025: 27.90%Net margin, FY2021: 26.94%Net margin, FY2022: 29.27%Net margin, FY2023: 20.19%Net margin, FY2024: 26.03%Net margin, FY2025: 12.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.51%. Gross margin FY2022 57.84%. Gross margin FY2023 55.70%. Gross margin FY2024 56.21%. Gross margin FY2025 55.43%. Operating margin FY2021 29.16%. Operating margin FY2022 35.88%. Operating margin FY2023 21.74%. Operating margin FY2024 25.85%. Operating margin FY2025 27.90%. Net margin FY2021 26.94%. Net margin FY2022 29.27%. Net margin FY2023 20.19%. Net margin FY2024 26.03%. Net margin FY2025 12.51%.

Income trends

Revenue

44.28B USD+13.66%

Operating income

12.36B USD+22.68%

Net income

5.54B USD-45.37%
Income trends across reported periods48.16B USD32.66B USD17.16B USD1.67B USDRevenue, FY2021: 33.57B USDRevenue, FY2022: 44.2B USDRevenue, FY2023: 35.82B USDRevenue, FY2024: 38.96B USDRevenue, FY2025: 44.28B USDOperating income, FY2021: 9.79B USDOperating income, FY2022: 15.86B USDOperating income, FY2023: 7.79B USDOperating income, FY2024: 10.07B USDOperating income, FY2025: 12.36B USDNet income, FY2021: 9.04B USDNet income, FY2022: 12.94B USDNet income, FY2023: 7.23B USDNet income, FY2024: 10.14B USDNet income, FY2025: 5.54B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 33.57B USD. Revenue FY2022 44.2B USD. Revenue FY2023 35.82B USD. Revenue FY2024 38.96B USD. Revenue FY2025 44.28B USD. Operating income FY2021 9.79B USD. Operating income FY2022 15.86B USD. Operating income FY2023 7.79B USD. Operating income FY2024 10.07B USD. Operating income FY2025 12.36B USD. Net income FY2021 9.04B USD. Net income FY2022 12.94B USD. Net income FY2023 7.23B USD. Net income FY2024 10.14B USD. Net income FY2025 5.54B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue44.28B USD38.96B USD35.82B USD44.2B USD33.57B USD
Cost of goods sold19.74B USD17.06B USD15.87B USD18.64B USD14.26B USD
Gross profit24.55B USD21.9B USD19.95B USD25.57B USD19.3B USD
Research and development9.04B USD8.89B USD8.82B USD8.19B USD7.18B USD
Selling, general, and administrative3.11B USD2.76B USD2.48B USD2.57B USD2.34B USD
Operating expenses12.19B USD11.83B USD12.16B USD9.71B USD9.52B USD
Interest income639M USD675M USD313M USD91M USD83M USD
Interest expense664M USD697M USD694M USD490M USD559M USD
Depreciation and amortization1.6B USD1.71B USD1.81B USD1.76B USD1.58B USD
Operating income12.36B USD10.07B USD7.79B USD15.86B USD9.79B USD
Net income5.54B USD10.14B USD7.23B USD12.94B USD9.04B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+5.34%
11 comparable reports
Latest EPS result
2.21
Estimate 2.23 · Miss by 0.90%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.643.112.572.04Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 3.41, estimate 2.96, surprise +15.20%, Beat. Q2 2025, reported Apr 30, 2025: actual 2.85, estimate 2.82, surprise +1.06%, Beat. Q3 2025, reported Jul 30, 2025: actual 2.77, estimate 2.71, surprise +2.21%, Beat. Q4 2025, reported Nov 5, 2025: actual 3, estimate 2.87, surprise +4.53%, Beat. Q1 2026, reported Feb 4, 2026: actual 3.5, estimate 3.39, surprise +3.24%, Beat. Q2 2026, reported Apr 29, 2026: actual 2.65, estimate 2.56, surprise +3.52%, Beat. Q3 2026, reported Jul 29, 2026: actual 2.21, estimate 2.23, surprise -0.90%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 2.18, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates12.74B11.56B10.38B9.2BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 11.67B USD, estimate 10.91B USD, surprise +6.95%, Beat. Q2 2025, reported Apr 30, 2025: actual 10.98B USD, estimate 10.64B USD, surprise +3.14%, Beat. Q3 2025, reported Jul 30, 2025: actual 10.37B USD, estimate 10.33B USD, surprise +0.33%, Beat. Q4 2025, reported Nov 5, 2025: actual 11.27B USD, estimate 10.77B USD, surprise +4.65%, Beat. Q1 2026, reported Feb 4, 2026: actual 12.25B USD, estimate 12.12B USD, surprise +1.08%, Beat. Q2 2026, reported Apr 29, 2026: actual 10.6B USD, estimate 10.59B USD, surprise +0.08%, Beat. Q3 2026, reported Jul 29, 2026: actual 9.95B USD, estimate 9.69B USD, surprise +2.60%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 10.15B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$204.24

27.05% upside
Past 12 months12-month forecastHigh $400Average $204.24Low $120

Rating distribution

69 ratings
Strong buy11%
Buy2942%
Hold3449%
Sell57%
Strong sell00%

Recent analyst actions

12 institutions

QCOM news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.52

2025 complete year+30.9% since 2021

2026 partial: $1.81

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 3, 2026

$0.92

Quarterly

Record Sep 3, 2026 · Payment Sep 24, 2026

Dividend

Ex-dividend Jun 4, 2026

$0.92

Quarterly

Record Jun 4, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Mar 5, 2026

$0.89

Quarterly

Record Mar 5, 2026 · Payment Mar 26, 2026

Dividend

Ex-dividend Dec 4, 2025

$0.89

Quarterly

Record Dec 4, 2025 · Payment Dec 18, 2025

Dividend

Ex-dividend Sep 4, 2025

$0.89

Quarterly

Record Sep 4, 2025 · Payment Sep 25, 2025

Dividend

Ex-dividend Jun 5, 2025

$0.89

Quarterly

Record Jun 5, 2025 · Payment Jun 26, 2025

QCOM peers

ETFs holding QCOM

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research QCOM

research.disclaimer