Qualcomm Inc (QCOM)
Information Technology · Semiconductors · US stock · S&P 500 component
$172.11
▼ -6.29 (3.53%)
Fair valueUndervalued
$269 +56.4% to fair value
$135fair band $188–$350$404
Day's range
$171.90 – $177.86
52-week range
$120.88 – $257.56
About Qualcomm Inc
Qualcomm develops wireless technology and chips used in smartphones and a growing range of connected devices, including cars and industrial equipment. It earns money in two main ways: selling system-on-chip products and related components to device makers, and licensing its patented wireless technology to handset manufacturers in return for royalties. The company designs its chips and relies on outside manufacturers to produce them.
Over the last twelve months, $44.1 billion in revenue was reported. Revenue growth over three years averaged 0.1% a year. Operating margin is 23.2% and return on invested capital is 24%. Net debt to EBITDA is 0.6 times. It pays a dividend with a yield of 2.1%. The X-Ray Score is 56 out of 100. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $120.88 – $257.56Volume 12,517,300Daily, split-adjusted
Vitals
Market cap$184.0B
52-week range$120.88 – $257.56
Volume (last day)12,517,300
P/E (TTM)20.1
EBIT / EV yield5.4%
Free-cash-flow yield5.7%
Dividend yield2.1%
Revenue (TTM)$44.1B
Net income (TTM)$9.3B
Operating margin23.2%
Return on capital24.4%
Debt incl. leases$15.3B
Cash & securities$8.3B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$269model spread $260 – $279
Undervalued
+56.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (1.22x of the last twelve months)
Price $172
Undervalued < $188Fair $188 – $350Overvalued > $350
10-year DCF (market-scaled)
$219
Peer multiples
$348
Earnings power floor (not blended)
$79
Fundamentals-adjusted multiple
$241
Growth the price implies
13.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Strong
81/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.4%
Free-cash-flow yield5.7%
Fair value vs price1.6×
Growth
Weak
34/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.1%
EPS growth (3y)-23.9%
Growth consistency80%
Profitability
Fair
56/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital24.4%
Operating margin23.2%
Gross profitability41.7%
Financial health
Fair
54/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.6×
Interest cover14.8×
Dividends
Weak
49/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.1%
Dividends vs free cash flow37%
Dividend growth5.8%
Quarterly results: last 6 quarters
+16.9%
Mar '25
+10.3%
Jun '25
+10.0%
Sep '25
+5.0%
Dec '25
-3.5%
Mar '26
-4.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $9.9B, diluted EPS $1.87.
Compare with peers
MU Micron Technology Inc77 FSLR First Solar, Inc.67 NVDA Nvidia Corp65 MPWR Monolithic Power Syste...55Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 58/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $33.6B | $44.2B | $35.8B | $39.0B | $44.3B |
| Operating income | $9.8B | $15.9B | $7.8B | $10.1B | $12.4B |
| Net income | $9.0B | $12.9B | $7.2B | $10.1B | $5.5B |
| Operating cash flow | $10.5B | $9.1B | $11.3B | $12.2B | $14.0B |
| Operating margin | 29.2% | 35.9% | 21.7% | 25.8% | 27.9% |
| Free cash flow | $8.6B | $6.8B | $9.8B | $11.2B | $12.8B |
| Diluted EPS | $7.87 | $11.37 | $6.42 | $8.97 | $5.01 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 2 neutral · 11 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 176.5 | Bearish |
| EMA 10 | 177.0 | Bearish |
| SMA 20 | 183.7 | Bearish |
| EMA 20 | 178.9 | Bearish |
| SMA 50 | 174.7 | Bearish |
| EMA 50 | 178.0 | Bearish |
| SMA 100 | 183.3 | Bearish |
| EMA 100 | 176.5 | Bearish |
| SMA 200 | 168.1 | Bullish |
| EMA 200 | 172.1 | Bearish |
Oscillators (daily)
| RSI (14) | 43.17 | Neutral |
| MACD (12, 26) | -1.24 | Bearish |
| Momentum (12) | -6.48 | Bearish |
| Stochastic %K (14) | 15.43 | Bullish |
| Williams %R (14) | -84.57 | Bullish |
| CCI (20) | -87.80 | Neutral |
Pivot points (classic, last session)
S3 164.1 | S2 168.0 | S1 170.1 | Pivot 174.0 | R1 176.0 | R2 179.9 | R3 182.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.62 USD
Yield on today's price
2.10%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 3 Sep 2026 | 0.9200 |
| 4 Jun 2026 | 0.9200 |
| 5 Mar 2026 | 0.8900 |
| 4 Dec 2025 | 0.8900 |
| 4 Sep 2025 | 0.8900 |
| 5 Jun 2025 | 0.8900 |
| 6 Mar 2025 | 0.8500 |
| 5 Dec 2024 | 0.8500 |
| 5 Sep 2024 | 0.8500 |
| 30 May 2024 | 0.8500 |
| 28 Feb 2024 | 0.8000 |
| 29 Nov 2023 | 0.8000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
QCOM SEC filings
8 Sep 2026
8-KSEC EDGAR
Current report
31 Jul 2026
8-KSEC EDGAR
Other events
29 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
24 Jun 2026
8-KSEC EDGAR
Current report
29 Apr 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations
19 Mar 2026
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.