QUALCOMM Incorporated

Valuation Analysis

About the Company

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. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products

QUALCOMM Incorporated Stock at a Glance

QUALCOMM Incorporated (QCOM) is currently trading at $211.72 with a market capitalization of $223.2B. The trailing P/E ratio stands at 22.79x, with a forward P/E of 19.85x. The 52-week range spans from $121.99 to $259.92; the current price is 18.5% below the yearly high. Year-over-year revenue growth stands at -3.5%. The net profit margin stands at 22.31%.

💰 Dividend

QUALCOMM Incorporated pays an annual dividend of $3.68 per share, representing a yield of 1.74%. The payout ratio stands at 38.28%.

📊 Analyst Rating

31 analysts rate QUALCOMM Incorporated (QCOM) on consensus: Hold. The average price target is $180.48, implying -14.75% from the current price. Analyst price targets range from $100.00 to $300.00.

QUALCOMM Incorporated: The Investment Case in Detail

QUALCOMM Incorporated (QCOM) operates in the Technology — specifically Semiconductors — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Earnings growth of 173% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. The combination of a 54.8% gross margin and 22.06% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat. Return on equity of 36.08% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

The Bear Case

Revenue is contracting at -3.5% year-over-year — until that trend reverses, valuation is exposed to further downgrades.

Valuation in Context

With a PEG ratio of 0.9, the price-to-earnings multiple is actually below the company's growth rate — classic value-meets-growth territory that Peter Lynch would have called a 'GARP' opportunity.

What to Watch Next

• The forward P/E of 19.85x is meaningfully below the trailing 22.79x — analysts expect earnings to step up; the next earnings release is the test.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Risk Profile

The data points to above-average price swings.

Trading Data

💵 Dividend Info

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