Qualcomm Incorporated QCOM
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Qualcomm Incorporated is a large-cap company in the Technology sector (Semiconductors), with a market value of $197.5B, 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 21.2 versus 36.7 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 194.13, 5% above the current price (their view, not ours).
The stock sits at 47% 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.
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 (2.0% a year).
What changed this week
Over the past week the stock fell 8.5% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
This week's news
- Can Agentic AI Power Qualcomm’s (QCOM) Next Growth Cycle? finance.yahoo.com · 2026-10-04
- Notable tech headlines for the week: Micron, Nvidia, Accenture in focus seekingalpha.com · 2026-10-03
- Broadcom, Qualcomm, and Sensata Technologies Stocks Trade Up, What You Need To Know finance.yahoo.com · 2026-10-03
- Apple iPhone 18 Pro Max AT&T Glitch Requires Device Replacements finance.yahoo.com · 2026-10-02
- Why Qualcomm (QCOM) Outpaced the Stock Market Today finance.yahoo.com · 2026-10-02
- A Look Back at Processors and Graphics Chips Stocks’ Q2 Earnings: Lattice Semiconductor (NASDAQ:LSCC) Vs The Rest Of The Pack finance.yahoo.com · 2026-10-02
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.