Qualcomm is a wireless, mobile-chip, automotive, and edge-AI semiconductor company. The stock thesis weighs handset cash flow and licensing strength against Apple modem risk, automotive growth, AI-at-the-edge opportunity, and capital returns.
Qualcomm Inc. (QCOM) Stock Price & Market Analysis
QCOM · NASDAQ · Semiconductors
Last confirmed priceEarlier session print
$177.96
▲ +$2.25(+1.28%)4:00 PM ET - vs previous closeQuote as of Oct 21, 2026, 4:00 PM EDT
Regular-session close · Oct 21, 2026, 4:00 PM EDT.
Last session79%
$174.10L Oct 21 '26$178.99H Oct 21 '26
52-week range41%
$121.99$259.92
Long-term rangesAvailable historyHide
Available history(2000-10-23)68%
$7.08L Aug 5 '02$257.56H May 29 '26
Historical range: 2000-10-23–2026-10-21. Earlier trading may not be included.
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Data dates
PriceAt closeLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
What matters next
Next important events
- Nov 4, 2026Next earnings · After market closeConfirmed · After market close · Last verified 2026-10-22
Countdown
13 days out
Reported fundamentals
QCOM financial overview
Annual revenue
USD 44.28B
Sales for the fiscal year ended Sep 28, 2025. This is not trailing twelve-month revenue.
Revenue change
+13.7%
Change versus the fiscal year ended Sep 29, 2024.
Net profit margin
12.5%
Net income divided by revenue for the fiscal year ended Sep 28, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout Qualcomm Inc. (QCOM)Sector, leadership, and how Qualcomm Inc. earns its revenue.Technology
Qualcomm Inc.
NASDAQ · QCOM · US
Company overview.
- Sector
- Technology
- Industry
- Semiconductors
- Headquarters
- San Diego, CA, United States
- Country
- US
- Founded
- 1991
- Employees
- 52,000
- CEO
- Mr. Cristiano Renno Amon
- Exchange
- NASDAQ
How Qualcomm Inc. makes money
Handsets
The cash cow remains important
Snapdragon platforms and licensing revenue still anchor Qualcomm earnings, even as investors debate the maturity of the smartphone market.
Automotive
A growing design pipeline
Automotive revenue and design wins help measure Qualcomm’s diversification into digital cockpits, advanced driver-assistance systems, and connected-vehicle platforms.
Edge AI
Inference on devices is the strategic bet
Qualcomm strengths in power-efficient processing can matter as more AI runs locally on phones, PCs, cars, and industrial devices.
Capital returns
Buybacks and dividends shape per-share value
The stock thesis includes management capital allocation, especially when the market prices Qualcomm below higher-growth AI semiconductor peers.
Key takeaways for QCOM
QCOM is a value-versus-growth semiconductor story with handset cash flow and automotive/edge AI optionality.
Apple modem risk is real but not the entire company.
Capital returns can support the stock if diversification continues.
Business model & operating evidenceExplore business exposure, reported operating measures and the evidence behind growth and profitability claims.
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Contradicting observation: -4.0%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · 2026-06-28
Growth produces accounting profit
Supporting observation: 21.0%
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · 2026-10-21T23:54:02.651Z
The business generates cash after investment
Supporting observation: USD 495M
Latest reported free cash flow. It is not a forecast and may cover a different period from the fiscal-year figures above. · 2026-06-28
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $9.95Bquarter ended Jun 28, 2026
- Operating margin
- 16.3%quarter ended Jun 28, 2026
- EPS
- $1.87quarter ended Jun 28, 2026
- Capital expenditure
- $496.00Mquarter ended Jun 28, 2026
- Free cash flow
- $495.00Mquarter ended Jun 28, 2026
- Free cash flow margin
- 5.0%quarter ended Jun 28, 2026
- Operating cash / net income
- 0.50×quarter ended Jun 28, 2026
- Revenue growth year over year
- -4.0%quarter ended Jun 28, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Reviewed company relationships
Direct competitors, industry comparables and thematic alternatives have different uses. Compare fiscal periods and business mix before comparing multiples.
Company-specific relationship evidence is not included in this snapshot. Explore the industry comparisons below without assuming that every comparable is a direct competitor.
A disclosed relationship is historical evidence, not a current valuation or a recommendation.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
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