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QualcommQCOM

Semiconductors · San Diego, California · In the S&P 500
Solid business
$164.79−11.12%After hours: $165.30 (+0.31%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 7.8% over 1 year
Qualcomm over 1 yearDaily close, $, to 30 Oct 2026
$150$200$250Nov2026MarMayJulSep$164.79$150$200$250NovMarJul$164.79
Source: Nasdaq daily closes
Market value$173B
Price to earnings19.1x
Forward P/E17.8x
Dividend yield2.23%
Year to date−3.7%
One year−7.8%
Next earningsWed 4 Nov, after the close
SectorInformation Technology
52-week range (closes)
$124.07$251.02

Quality and valuation

How Qualcomm compares with other information technology stocks. A description, not a recommendation.

Qualcomm and 6 semiconductors peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among information technology companies, priced about in line with them.

Qualcomm trades at 17.8 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +1.9% vs +20.6%
  • Keeps less of each sale (gross margin): 54.2% vs 61.5%
  • More profitable (operating margin): 23.2% vs 17.0%
  • Turns more of its sales into cash: 23.6% vs 21.7%
QCOM trades at 17.8x forward earnings, below the sector medianForward p/e, Semiconductors peers
MU5.0xNVDA16.9xQCOM17.8xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xSector median 22.2xMU5.0xNVDA16.9xQCOM17.8xAVGO18.8xTSM19.8xTXN28.7xINTC38.4xAMD44.8xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 19.1x earnings, QCOM is cheaper than its average since Jul 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
30xAverage 21.3x2025202619.1x30xAverage 21.3x2025202619.1x
Source: Nasdaq prices; SEC filings

Financials

From Qualcomm's SEC filings, through the quarter ending 28 Jun 2026. Hover or tap a bar for its value.

Revenue fell 4.0% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$9.9bnQ3 ’26$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$9.9bnQ3 ’26
Source: SEC filings
Growth slowed to −4.0% last quarterRevenue growth, year on year, %
0%10%Q4 ’24Q2 ’25Q4 ’25−4.0%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’25−4.0%Q3 ’26
Source: SEC filings
Operating margin was 16.3% last quarterOperating income as a share of revenue, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’2516.3%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2516.3%Q3 ’26
Source: SEC filings
Free cash flow was $10.4 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$0.5bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$0.5bnQ3 ’26
Source: SEC filings
Last 12 monthsQCOMSector median
Revenue growth+1.9%+20.6%
Gross margin54.2%61.5%
Operating margin23.2%17.0%
Free cash flow margin23.6%21.7%
Price to earnings19.1x33.1x

Stories on Qualcomm

Friday, 30 October
Why it moved

AMD, Arm and Qualcomm Shares Slide After Intel's Forecast: What Happened

AMD, Arm and Qualcomm each fell more than 12% on Friday as Intel's weak forecast and new worries about AI spending set off a broad chip selloff.

AMD▼ 12.8%
Three computer chips sliding down an icy slope

Similar companies

Semiconductors, by market value.

CompanyPriceTodayYTDValue
NVDANvidia$204.64−4.22%+9.7%$4.93T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
MUMicron Technology$884.74−5.30%+210.0%$1.00T
AMDAMD$504.80−10.88%+135.7%$824B
INTCIntel$65.76−28.58%+78.2%$348B
TXNTexas Instruments$300.84−3.40%+80.4%$275B
ARMArm Holdings$205.97−9.97%+88.4%$220B