QUALCOMM Incorporated
- Open
- 166.64
- Day high
- 172.39
- Day low
- 164.77
- Prev close
- 170.61
- Volume
- 15.4M
- Mkt cap
- $181.1B
- P/E (TTM)
- 18.4
- EPS (TTM)
- $9.33
- P/B
- 6.6
- P/S
- 4.1
- Yield
- 2.09%
- Per share
- $3.59
- ▼Insiders net selling -$5.7M over the last 3 months (0 open-market buys, 39 sales)
- 🏛Institutions mixed (13F)
QUALCOMM Incorporated (QCOM) is a Technology company listed on NASDAQ. The stock is up 11% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 39 sales (SEC Form 4). Drillr has 7 published research articles covering QCOM.
QUALCOMM Incorporated (QCOM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 18 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
QCOM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $2.56 | $2.65 | +3.5% | $10.6B | +0.1% |
| Feb 4, 2026 | $3.39 | $3.50 | +3.2% | $12.3B | +1.1% |
| Nov 5, 2025 | $2.87 | $3.00 | +4.5% | $11.3B | +4.7% |
| Jul 30, 2025 | $2.71 | $2.77 | +2.2% | $10.4B | +0.3% |
| Apr 30, 2025 | $2.82 | $2.85 | +1.1% | $11.0B | +3.1% |
| Feb 5, 2025 | $2.96 | $3.41 | +15.2% | $11.7B | +6.9% |
| Jul 31, 2024 | $2.25 | $2.33 | +3.6% | $9.4B | +1.9% |
| May 1, 2024 | $2.32 | $2.44 | +5.2% | $9.4B | +0.4% |
| Jan 31, 2024 | $2.37 | $2.75 | +16.0% | $9.9B | +4.5% |
| Nov 1, 2023 | $1.92 | $2.02 | +5.2% | $8.6B | +7.5% |
| Aug 2, 2023 | $1.81 | $1.87 | +3.3% | $8.5B | -0.6% |
| May 3, 2023 | $2.16 | $2.15 | -0.5% | $9.3B | +1.9% |
QCOM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 1, 2026 | MCLAUGHLIN MARK Ddirector | Grant | 392 | — |
| Jul 1, 2026 | TRICOIRE JEAN-PASCALdirector | Grant | 182 | — |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 294 | $193.81 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 163 | $203.25 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 180 | $200.54 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 177 | $199.71 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 48 | $196.43 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 750 | $194.65 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 120 | $197.78 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 102 | $198.54 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 343 | $195.48 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 108 | $201.69 |
| Jun 11, 2026 | Palkhiwala Akash J.officer: EVP, CFO & COO | Sell | 215 | $202.75 |
| May 21, 2026 | Grech Patricia Yofficer: SVP, Chief Accounting Officer | Option | 315 | — |
| May 21, 2026 | Grech Patricia Yofficer: SVP, Chief Accounting Officer | Option | 171 | — |
Source: QCOM SEC Form 4 filings, latest Jul 1, 2026. For informational purposes only — not investment advice.
See the full QCOM insider & 13F page →QCOM research & analysis
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QUALCOMM Incorporated company profile
Overview
QUALCOMM Incorporated (NASDAQ:QCOM) is a San Diego-based semiconductor and telecommunications equipment company founded in 1985 and publicly traded since 1991. Originally established as a wireless communications pioneer, QUALCOMM has evolved into one of the world's leading designers of mobile processors and holds extensive patent portfolios covering fundamental wireless technologies. The company has successfully diversified beyond smartphones into automotive, Internet of Things (IoT), personal computers, and artificial intelligence applications, positioning itself as a "connected computing" company for the mobile-first, AI-enabled future.
Business
QUALCOMM operates as a fabless semiconductor company, meaning it designs chips but outsources manufacturing to foundries like Taiwan Semiconductor Manufacturing Company (TSMC). The company's business is organized into three main segments that collectively generated $38.96 billion in fiscal 2024 revenue. The Qualcomm CDMA Technologies (QCT) segment represents approximately 75-80% of total revenues and designs system-on-chip (SoC) processors primarily under the Snapdragon brand. These chips serve as the "brains" of electronic devices, integrating multiple functions including central processing units (CPUs), graphics processing units (GPUs), digital signal processors, wireless modems, and increasingly, dedicated AI processing units called Neural Processing Units (NPUs). The QCT segment has three main product categories: handset chips (representing about 60-65% of total company revenue), IoT chips for connected devices like routers and smart home products, and automotive chips for digital cockpits and advanced driver assistance systems. The Qualcomm Technology Licensing (QTL) segment contributes roughly 15-20% of revenues and monetizes QUALCOMM's extensive patent portfolio covering fundamental wireless technologies including 3G CDMA, 4G LTE, and 5G standards. This segment operates on a licensing model where device manufacturers pay royalties based on the selling price of their wireless-enabled products, regardless of whether they use QUALCOMM chips. The Qualcomm Strategic Initiatives (QSI) segment is a venture capital arm that makes strategic investments in early-stage companies across 5G, AI, automotive, and IoT sectors, contributing minimally to overall revenues but supporting the company's long-term strategic positioning.
Revenue model
QUALCOMM generates revenue through two primary business models. The chip business (QCT) operates on traditional product sales, where the company sells semiconductors to original equipment manufacturers (OEMs) like Samsung, Xiaomi, and automotive companies at negotiated prices. Customers include smartphone manufacturers, PC makers, automotive companies, and IoT device manufacturers. The licensing business (QTL) collects royalties from virtually all wireless device manufacturers globally, typically charging 3-5% of the net selling price of devices that implement QUALCOMM's patented wireless standards. Several factors influence QUALCOMM's profitability margins. Positive margin drivers include the ongoing premiumization of smartphones, where higher-priced devices require more sophisticated chips and generate higher royalty payments; the expansion of 5G adoption globally; growing artificial intelligence capabilities that command premium pricing; and diversification into higher-margin automotive and industrial applications. The company benefits from economies of scale in R&D spending and its position as a technology leader in mobile processing. Margin pressures come from intense competition with companies like MediaTek in the smartphone chip market, potential customer concentration risks (Samsung and Apple represent significant portions of revenue), geopolitical tensions affecting China operations, and the cyclical nature of smartphone replacement cycles. Manufacturing costs are influenced by foundry pricing from partners like TSMC, while the licensing business faces ongoing negotiations with major customers and regulatory scrutiny in various jurisdictions. Currency fluctuations and macroeconomic conditions affecting consumer electronics demand also impact margins.
Competitive moat
QUALCOMM possesses a substantial competitive moat built on multiple reinforcing advantages. The company's strongest moat comes from its extensive patent portfolio covering fundamental wireless communication technologies, creating a licensing business that generates revenue from virtually every wireless device sold globally regardless of which chips they contain. This intellectual property fortress took decades to build and includes thousands of standard-essential patents for 3G, 4G, and 5G technologies. The company's technical moat in chip design is also formidable, particularly in mobile processors where QUALCOMM has maintained leadership in performance, power efficiency, and integration of complex functions like AI processing, camera image processing, and wireless connectivity. The Snapdragon brand has become synonymous with premium mobile performance, and the company's custom CPU designs (Oryon) and advanced AI capabilities create differentiation that's difficult for competitors to replicate quickly. However, QUALCOMM faces meaningful competitive threats. Apple's vertical integration strategy has eliminated QUALCOMM from iPhones for application processors, though QUALCOMM still supplies 5G modems. MediaTek has gained market share in mid-tier smartphones with competitive price-performance offerings. In the automotive sector, traditional semiconductor companies like NXP and newer entrants like NVIDIA present competition. Geopolitical risks pose another challenge, particularly regarding China operations which represent a significant portion of revenue, and potential regulatory pressure on the licensing business model. The company's moat remains strong but requires continuous innovation and strategic adaptation to maintain its competitive position.
Risks & safety
QUALCOMM demonstrates a solid margin of safety with strong financial fundamentals, though valuation appears fairly priced rather than deeply discounted. • Financial Strength: The company maintains $7.2 billion in cash and short-term investments against $27.6 billion in total liabilities, with a current ratio of 2.73 indicating strong liquidity. Free cash flow generation remains robust at $2.34 billion quarterly, supporting dividend payments and share repurchases. • Debt Management: Debt-to-equity ratio of 0.53 is manageable, and the company generates sufficient cash flow to service debt obligations without stress. • Valuation Metrics: Trading at 15.1x forward P/E ratio and 14.2x EV/EBITDA, the stock appears reasonably valued for a technology leader, though not at distressed levels that would indicate a deep value opportunity. • Other Considerations: Revenue diversification beyond smartphones reduces cyclical risk, strong market positions in growing segments like automotive and AI provide growth optionality, and the licensing business provides relatively stable cash flows. However, customer concentration and China exposure create some risk factors.
Recent development
Over the past several years, QUALCOMM has executed a strategic transformation from a smartphone-centric company to a diversified "connected computing" platform. The company has aggressively pursued artificial intelligence leadership, developing on-device AI capabilities across its Snapdragon platforms and partnering with major technology companies including Microsoft, Meta, Amazon, and OpenAI to optimize AI workloads for edge computing. The automotive expansion represents a major growth initiative, with the Snapdragon Digital Chassis platform targeting digital cockpits, advanced driver assistance systems, and autonomous driving applications. Automotive revenues have grown consistently, reaching $959 million in Q2 2025 (59% year-over-year growth), with a design win pipeline exceeding $30 billion and ambitious targets of $8 billion in automotive revenue by fiscal 2029. QUALCOMM has also made a significant push into the personal computer market with its Snapdragon X Elite and X Plus platforms, designed to compete with Intel and AMD in Windows laptops by offering superior battery life and AI capabilities. The company has secured over 85 PC designs in development and is targeting $4 billion in PC revenues as part of its diversification strategy. The company has strengthened its position through strategic acquisitions, including Edge Impulse and FocusAI to enhance industrial IoT capabilities, while resolving key licensing disputes with ARM and securing extended agreements with major customers like Samsung. Management has set ambitious targets for non-handset revenues to reach $22 billion by fiscal 2029, representing a significant expansion beyond the company's traditional smartphone focus.
QCOM company profile · for informational purposes only — not investment advice.
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