Qualcomm Incorporated QCOM

What the company does

Qualcomm Incorporated is a large-cap company in the Technology sector (Semiconductors), with a market value of $187.8B, based in the USA.

It employs about 52,000 people and has been listed since Dec 13, 1991.

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.

Cheap or expensive? relatively cheap

Its price-to-earnings (P/E) is 20.4 versus 36.1 for 4 direct peers — relatively cheap.

Revenue is shrinking 4% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 19.6 — they expect higher earnings.

The average analyst price target is 195.80, 11% above the current price (their view, not ours).

The stock sits at 40% of its one-year range (0% = the low, 100% = the high).

The risks

• • The stock is more volatile than average (beta 1.7) — big daily moves both ways.
• • The stock is 32% below its one-year high.
• • Quarterly report in 10 days (2026-11-04) — a day the stock can move a lot.

Strengths

• ✅ Profitable — 20 of every 100 dollars of revenue stays as profit.
• ✅ Generates free cash flow — profit becomes cash in the bank.
• ✅ Buys back its shares (3% fewer shares in a year).
• ✅ Most analysts rate it buy (11 vs 3).
• ✅ Pays a dividend (2.1% a year).

What changed this week

Over the past week the stock rose 2.2% (for comparison: S&P 500 -0.4%, sector ETF XLK -0.1%).

This week's news

• How Investors May Respond To Qualcomm Stock Earnings Outlook Concerns finance.yahoo.com · 2026-10-25
  What the article says

  QUALCOMM affirmed a quarterly cash dividend of US$0.92 per share for December 2026 while reporting a 16.67% year on year decline in diluted EPS, a 20.00 P/E ratio and a 2.03% dividend yield, alongside weaker operating margins. The business is cutting its global workforce and facing pressure in smartphones and Apple… source ↗

• 1 large-cap stock to keep an eye on and 2 we brush off finance.yahoo.com · 2026-10-23
  What the article says

  1 large-cap stock to keep an eye on and 2 we brush off Large-cap stocks usually command their industries because they have the scale to drive market trends. The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task. This is precisely where StockStory… source ↗

• Advantech Celebrates Grand Opening of New Tustin Headquarters with Leading Technology Partners finance.yahoo.com · 2026-10-23
  What the article says

  TUSTIN, Calif., Oct. 23, 2026 /PRNewswire/ -- Advantech (TWSE: 2395), a global leader in Edge Computing and Industrial Edge AI solutions, celebrated the grand opening of its new North American headquarters in Tustin, California this week with a two-day event that brought together local leadership, leading technology… source ↗

• Nasdaq Turns Green With Chip Stocks Rebounding finance.yahoo.com · 2026-10-23
  What the article says

  Chip stocks were bouncing back, helping lift the Nasdaq to modest gains. Continue Reading source ↗

• What iShares MSCI USA Value Factor ETF (VLUE) Bought: Micron Leads on Oct. 21 finance.yahoo.com · 2026-10-23
  What the article says

  This article first appeared on GuruFocus. iShares MSCI USA Value Factor ETF (VLUE) was the sole fund in Wednesday's session, deploying $87.3 million in gross purchases against no sales. VLUE increased 145 positions and decreased none, leaving its net flow fully positive at $87.3 million against $9.18 billion in… source ↗

• AI agents are inside U.S. bank accounts. But nobody knows how. finance.yahoo.com · 2026-10-23
  What the article says

  Major U.S. banks are detecting unauthorized AI agents inside customer accounts, and they can't tell them apart from humans. Host Ejaaz Ahamadeen breaks down the worst 48 hours in cybersecurity, from a leaked PHP flaw affecting an estimated 70% of websites to a hacking group turning AI agents on Latin American… source ↗

What changed since last week

• New risk flag: earnings report coming up.