QUALCOMM Incorporated (QCOM) Stock Price & Analysis

QUALCOMM Incorporated (QCOM) closed at USD 172.83 on Thursday, October 22, 2026, down 2.88% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 177.96; the Oct 22, 2026 session ranged USD 171.93–178.59 on volume of 15,067,396 shares. Market capitalization is $184.55B, with a 52-week range of USD 121.99–259.92 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:18 UTC.

Also available as compact Markdown for AI agents: nexqual.com/QCOM.md

Key facts (QCOM)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (QCOM)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$33.6B$44.2B$35.8B$39.0B$44.3B$44.1B
Gross profit$19.3B$25.6B$20.0B$21.9B$24.5B—
Operating income$9.79B$15.9B$7.79B$10.1B$12.4B$10.2B
Net income$9.04B$12.9B$7.23B$10.1B$5.54B$9.26B
EPS (diluted)$7.87$11.37$6.42$8.97$5.01—
Free cash flow$8.65B$6.83B$9.85B$11.2B$12.8B$10.4B
Gross margin57.5%57.8%55.7%56.2%55.4%—
Operating margin29.2%35.9%21.7%25.8%27.9%23.2%
Net margin26.9%29.3%20.2%26.0%12.5%21.0%
Revenue growth+42.6%+31.7%-19.0%+8.8%+13.7%—
Cash + short-term investments$12.4B$6.38B$11.3B$13.3B$10.2B—
Total debt$15.2B$15.0B$15.4B$14.6B$14.8B—

Fiscal years end Sep. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 28, 2026) (QCOM)

P/E 19.9x · P/S 4.2x · EV/EBITDA 16.2x · EV/Sales 4.3x · P/FCF 17.7x · P/B 6.7x · FCF yield 5.64% · Earnings yield 5.02% · Buyback yield (TTM) 5.01% · Net debt $6.47B · EV $191B

P/E at fiscal year-ends: Sep 2025 33.2x, Sep 2024 18.9x, Sep 2023 17.3x.

Superinvestors (SEC 13F-HR, Q2 2026) (QCOM)

7 of 80 tracked investors hold QCOM (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChangeQuarter
David KatzMatrix Asset Advisors3.95%$48.0MAdded +6.8%Q3 2026
Harry BurnSound Shore3.12%$101MAdded +29.0%Q2 2026
Van Den Berg Management I2.43%$11.5MAdded +0.1%Q2 2026
Viking GlobalViking Global Investors0.80%$280MNew positionQ2 2026
David TepperAppaloosa Management0.62%$46.2MReduced -49.9%Q2 2026
Mairs & PowerMairs & Power Funds0.30%$33.2MReduced -62.4%Q2 2026
Lee AinslieMaverick Capital0.01%$1.0MNew positionQ2 2026

Analysts (QCOM)

Consensus Hold (mean 2.78 on a 1–5 scale), 37 analysts; mean target USD 195.8 (low 100, high 400).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-21SusquehannaTarget raisedNeutral$160 → $185
2026-10-19TD CowenTarget raisedBuy$175 → $200
2026-09-10Piper SandlerInitiatedNeutral$190
2026-09-09RBC CapitalTarget raisedSector Perform$160 → $180
2026-09-09RosenblattMaintainedBuy$235
2026-07-30BenchmarkTarget loweredBuy$300 → $270
2026-07-30UBSTarget loweredNeutral$190 → $170
2026-07-30SusquehannaTarget loweredNeutral$190 → $160
2026-07-30RBC CapitalTarget loweredSector Perform$250 → $160
2026-07-30CitigroupTarget loweredNeutral$198 → $175
2026-07-30TD CowenTarget loweredBuy$225 → $175
2026-07-30Wells FargoTarget loweredEqual-Weight$265 → $170

Total return (dividends reinvested) (QCOM)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return+3.8%+46.4%
S&P 500 (SPY)+14.9%+80.3%
Per year+3.8%+7.9%
Volatility (annualized)53.8%41.4%
Max drawdown-41.0% (May 2026→Jul 2026)-43.6% (Jan 2022→May 2023)

QCOM revenue by business segment (quarter ended Jun 28, 2026)

LineRevenueShare of totalYoY
QCT$8.50B85.5%-5.4%
QTL$1.28B12.8%-3.0%
Total revenue$9.95B100%—

QCOM revenue by product line (quarter ended Jun 28, 2026)

LineRevenueShare of totalYoY
Handsets$5.09B51.1%-19.6%
Io T$1.83B18.4%+8.9%
Automotive$1.59B16.0%+61.4%
Total revenue$9.95B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

QCOM suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
SupplierSamsung Electronics“The primary foundry suppliers for our various digital, analog/mixed-signal, RF and PM integrated circuits include Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics and Global Foundries.”
SupplierTSMC (TSM)“The primary foundry suppliers for our various digital, analog/mixed-signal, RF and PM integrated circuits include Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics and Global Foundries.”
SupplierASE Technology (ASX)“Our primary semiconductor assembly and test suppliers are Advanced Semiconductor Engineering, Amkor Technology, Siliconware Precision Industries and STATSChipPAC.”
SupplierAmkor Technology (AMKR)“Our primary semiconductor assembly and test suppliers are Advanced Semiconductor Engineering, Amkor Technology, Siliconware Precision Industries and STATSChipPAC.”
SupplierSPIL“Our primary semiconductor assembly and test suppliers are Advanced Semiconductor Engineering, Amkor Technology, Siliconware Precision Industries and STATSChipPAC.”
CustomerApple (AAPL)“Consequently, to the extent Apple devices using our MDM products take share from our customers who purchase our integrated modem and application processor products, our revenues and margins may be negatively impacted.”
CustomerXiaomi“Certain of our largest mobile handset customers (for example, Apple, Samsung and Xiaomi) develop their own integrated circuit products, which they have in the past utilized, and/or currently utilize, in certain of their devices.”
PartnerBroadcom (AVGO)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerMediaTek“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerNVIDIA (NVDA)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerNXP Semiconductors (NXPI)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerQorvo (QRVO)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerSkyworks (SWKS)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerTexas Instruments (TXN)“Examples (some of which are strategic partners of ours in other areas) include Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC.”
PartnerHuawei“Beginning in the second quarter of fiscal 2025, QTL revenues did not include royalties from Huawei, whose license agreement has expired.”
PartnerVeoneer“In fiscal 2022, we and SSW Partners, a New York-based investment partnership, entered into and closed a definitive agreement to acquire Veoneer, Inc. (Veoneer).”
PartnerMAGNA INTERNATIONAL INC (MGA)“On June 1, 2023, SSW Partners completed the sale of Veoneer's Active Safety business to Magna International Inc. for net cash proceeds of $1.5 billion.”
PartnerArm Holdings (ARM)“Our counterclaim seeks a declaratory judgment that we did not breach the Nuvia ALA or the Technology License Agreement between Nuvia and Arm, and that, following the acquisition of Nuvia, our architected cores (including all further developments, iterations or instantiations of the technology we acquired from Nuvia) and System-on-Chip (SoC) products incorporating such cores are fully licensed under our existing Ar…”

Quoted from the company's 10-K filed Nov 5, 2025.

Companies that name QCOM in their SEC reports

Relationship to QCOMCompanyFilingSentence
partnerFRANKLIN WIRELESS CORP (FKWL)10-K Sep 28, 2026“generation of CDMA phones to the Korean market through his work with Qualcomm Personal Electronics (QPE), a joint venture between Qualcomm”
customerUbiquiti Inc. (UI)10-K Aug 21, 2026“example, we currently rely upon some chipset suppliers, such as Qualcomm and Broadcom, as single-source suppliers of certain components for some of our products, and a disruption in the supply of those components would significantly disrupt our business.”
partnerARM HOLDINGS PLC /UK (ARM)20-F May 26, 2026“In this new action, Qualcomm asserted that we failed to satisfy certain delivery obligations under Qualcomm's Architecture License Agreement with us (the "Qualcomm ALA").”
competitorCIRRUS LOGIC, INC. (CRUS)10-K May 21, 2026“Our principal competitors in these markets include AKM Semiconductor Inc., Analog Devices Inc., Qualcomm Incorporated, Realtek Semiconductor Corporation, Renesas Electronics Corporation, Shanghai Awinic Technology Co., Ltd., Shenzhen Goodix Technology Co, Ltd., Skyworks Solutions Inc., ST Microelectronics N.V., Synaptics Incorporated and Texas Instruments, Inc.”
partnerSEQUANS COMMUNICATIONS (SQNS)20-F May 11, 2026“•Our business substantially depends on intellectual property licensed from Qualcomm, and we may be unable to successfully grow our business due to the covenants under the Qualcomm asset purchase agreement and license agreement.”
partnerECARX Holdings Inc. (ECXWW)20-F Mar 30, 2026“We collaborate with Qualcomm to offer flexible SoC portfolios for global markets.”
competitorPeraso Inc. (PRSO)10-K Mar 30, 2026“and potential competitors, in addition to Qualcomm, include MediaTek Inc. and Samsung Electronics Co., Ltd.”
competitorHimax Technologies, Inc. (HIMX)20-F Mar 27, 2026“For WiseEye ultralow power AI sensing, the main competition is Qualcomm with its "Glance" device.”
competitorGCT Semiconductor Holding, Inc. (GCTS)10-K Mar 25, 2026“We face or expect to face competition from established semiconductor companies such as Altair Semiconductor (a Sony Corporation subsidiary), ASR, HiSilicon Technologies (a Huawei subsidiary), Mediatek, Qualcomm Incorporated, Samsung Electronics Co. Ltd., Unisoc (includes Spreadtrum Communications and RDA) and Sequans Communications S.A.”
competitorAMBARELLA INC (AMBA)10-K Mar 23, 2026“In the IoT market, our primary competitors include HiSilicon Technologies Co., Ltd., or HiSilicon, which is owned by Huawei Technologies Co., Novatek Microelectronics Corp., or Novatek, NVIDIA Corporation, or NVIDIA, Qualcomm Incorporated, or Qualcomm, and Sigmastar Technology Ltd. In the automotive camera market, we compete against Horizon Robotics Inc., Mobileye, a subsidiary of Intel Corporation, Novatek, NVIDI…”
partnerRallybio Corp (RLYB)10-K Mar 16, 2026“From January 2015 to October 2017, Dr. Iancovici was a general partner at dRx Capital, a joint venture investment company launched by Novartis and Qualcomm.”
competitorAmbiq Micro, Inc. (AMBQ)10-K Mar 5, 2026“In addition, we sometimes compete (and other times work alongside certain designs) with connected processor platform players such as Qualcomm.”
competitorArlo Technologies, Inc. (ARLO)10-K Feb 27, 2026“We believe that we compete favorably in these areas based on our market position in the U.S. consumer network connected camera systems market, best-in-class technology, direct relationship with users and user engagement, trusted Arlo platform, strong Arlo brand and channel partners and deep strategic partnerships with key suppliers, such as Infineon Technologies Americas Corp, OmniVision Technologies Inc., Realtek…”
partnerXperi Inc. (XPER)10-K Feb 26, 2026“We have devoted significant time and resources to develop a broad range of solutions with key partners including Amlogic, Analog Devices, Cadence, Cirrus Logic, MediaTek, NXP, Qualcomm, Realtek, Synaptics, Texas Instruments, and others.”
competitorAIRGAIN INC (AIRG)10-K Feb 26, 2026“Semiconductor Vendors: Companies like Qualcomm and MediaTek offering reference designs that reduce barriers to entry for new competitors and may enable customer self-sufficiency;”

QCOM customer concentration

In the period ended Jun 28, 2026, 2 direct customers each accounted for at least 10% (23%, 20%) of revenue, per the company's 10-Q filed Jul 29, 2026. The company does not name them.

QCOM company outlook (results filed Jul 29, 2026)

Quoted word-for-word from the SEC 8-K results press release.

QCOM analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$2.16$2.37-9.1%$10.14B26
Next quarter (ends Dec 2026)$2.30$2.70-14.7%$10.58B26
Current fiscal year (ends Sep 2026)$10.48$10.81-3.0%$42.87B31
Next fiscal year (ends Sep 2027)$10.19$10.97-7.1%$44.88B34

QCOM options: expected move

Options price a move of about ±11.0% (±$19.02) by Nov 6, 2026, which includes earnings on Nov 4, 2026; the earnings reaction alone is priced at about ±7.1%. Over the last 8 reports the stock moved ±7.2% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026753.3%±6.3%
Nov 6, 20261467.9%±11.0%
Nov 13, 20262161.6%±12.2%
Nov 20, 20262857.2%±13.0%
Nov 27, 20263553.7%±13.6%
Dec 4, 20264252.8%±14.7%
Dec 18, 20265651.3%±16.3%
Jan 15, 20278450.3%±19.2%

30-day implied volatility 56.7% vs 49.9% realized over the last 30 trading days. Put/call ratio (volume) 0.77. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 09:18 UTC)

PriceUSD 172.83
Change▼ 2.88% (down)
Previous CloseUSD 177.96
OpenUSD 173.37
Day RangeUSD 171.93 – 178.59
52-Week RangeUSD 121.99 – 259.92
Volume15,067,396 shares
Market Cap$184.55B
ExchangeNMS

Technical Analysis (QCOM)

Nexqual's technical model rates QCOM "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:18 UTC.

Overall SignalSTRONG SELL
RSI (14)47.24 (neutral)
vs SMA50Below (USD 175.89)
MACD-1.56 (negative)

Analyst Ratings (QCOM)

Wall Street analysts rate QCOM "Hold" based on 37 analysts, with a mean price target of USD 195.8 (range USD 100–400), per Nexqual as of October 23, 2026 at 09:18 UTC.

Consensus RatingHold
Analyst Count37
Mean TargetUSD 195.8
High TargetUSD 400
Low TargetUSD 100
Buy / Hold / Sell11 / 23 / 3

Earnings (QCOM)

Next Earnings Date2026-11-04
EPS EstimateUSD 2.16
Revenue Estimate$10.14B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 2.21 vs est 2.23 ▼ miss
2026-03-31USD 2.65 vs est 2.56 ▲ beat
2025-12-31USD 3.5 vs est 3.4 ▲ beat
2025-09-30USD 3 vs est 2.88 ▲ beat

Source: Nexqual, October 23, 2026 at 09:18 UTC.

Financials & Fundamentals (QCOM)

Total Revenue$44.07B
Revenue Growth (latest quarter, YoY)-4.00%
Gross Margin+54.23%
Operating Margin+18.53%
Profit Margin+21.01%
ROE+33.75%
Debt / Equity0.55
Current Ratio2.02
Total Cash$8.30B
Total Debt$15.27B
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$10.42B (23.6% of revenue)

Source: Nexqual, October 23, 2026 at 09:18 UTC.

Financial Health Score (QCOM)

Nexqual rates QUALCOMM Incorporated's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:18 UTC.

GrowthSolid — Revenue +13% YoY (annual)
ProfitabilityStrong — Gross margin 54%, operating 19% (last 12 months)
Balance SheetStrong — $8.30B cash and investments vs $14.8B debt (Jun 2026, SEC)
Cash FlowStrong — FCF $10.4B (last 4 quarters to Jun 2026, SEC), 24% margin
EfficiencyStrong — ROE 34%, ROA 11.6%

Ownership (QCOM)

Insider Ownership+0.12%
Institutional Ownership+83.66%
Shares Outstanding1.07B
Float1.05B
Short % of Float+3.70%

Source: Nexqual, October 23, 2026 at 09:18 UTC.

Leadership (QCOM)

QUALCOMM Incorporated is led by Cristiano Renno Amon, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:18 UTC.

CEO, President & DirectorCristiano Renno Amon
Executive VP, CFO & COOAkash Palkhiwala
Executive VP, President of Qualcomm Technology Licensing (QTL) & Global AffairsAlexander H. Rogers
Executive VP & Chief Technology Officer of Qualcomm Technologies, Inc.Baaziz Achour
Senior Vice President of Investor RelationsBrett William Simpson

Major Backers & Investors (QCOM)

Notable institutional backers of QUALCOMM Incorporated include Invesco, Charles Schwab, Charles Schwab Investment Management, Inc., according to Nexqual as of October 23, 2026 at 09:18 UTC.

Active Investors

InvestorStake
Invesco3.38%
Charles Schwab2.39%
Charles Schwab Investment Management, Inc.2.09%
Van Eck Associates Corporation1.61%
Morgan Stanley1.6%
NORGES BANK1.52%

Index Funds (Passive)

FundStake
Vanguard Group9.62%
BlackRock8.91%
State Street4.94%
Geode Capital2.78%

Source: Nexqual, October 23, 2026 at 09:18 UTC.

From QUALCOMM Incorporated's Latest SEC 10-K Filing (filed 2025-11-05)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
ADIAnalog Devices, Inc.USD 385.76▼ 4.98%
MRVLMarvell Technology, Inc.USD 223.47▼ 8.7%
ARMArm Holdings plcUSD 210.1▼ 7.28%
TXNTexas Instruments IncorporatedUSD 279.5▼ 1.81%
ASXASE Technology Holding Co., LtdUSD 37.74▼ 11.01%
INTCIntel CorporationUSD 85.49▼ 8.04%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:18 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt