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QCOM · NasdaqGS

Qualcomm Inc.

Semiconductors · United States

USD 177.72-5.8% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$189.82B
Trailing P/E
20.33x
Forward P/E
17.42x
Quarterly revenue growth
-4.0%
Trailing net margin
21.0%
Indicated dividend yield
2.1%

Snapshot 2026-09-20 · Latest financial period 2026-06-28 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-29 (provider estimate, not issuer-confirmed).

Company background

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 comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. In addition, the company is also involved in Qualcomm government technologies and data center businesses. Further, it provides security and intelligence services for unmanaged networks through software-based network security solutions. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.

Company website

Q3 FY2026

Go beyond the headline.

Qualcomm (QCOM): Apple Is Leaving Faster Than Guided — Is The Diversification Big Enough?

Published 2026-07-30

Comparable businesses

QCOM peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricQCOMQUALCOMM IncorporatedSnapshot 2026-09-20Financial period: 2026-06-28
Market capMarket value, converted to USDUS$189.82B
Forward P/EProvider forward earnings estimate17.42x
EV / EBITDAEnterprise value / trailing EBITDA16.14x
Revenue growthLatest quarter vs prior-year quarter-4.0%
Operating marginLatest reported quarter18.5%
Free cash flow yieldTrailing cash flow / market cap5.4%
Net debt / EBITDANet debt / trailing EBITDA0.58x
Debt / equityTotal debt / positive book equity0.55x
Trailing P/ETrailing twelve-month earnings20.33x
Price / bookPrice / positive book equity per share6.79x
EV / salesEnterprise value / trailing revenue4.39x
Earnings growthLatest quarter vs prior-year quarter-23.0%
Gross marginTrailing twelve months54.2%
Net marginTrailing twelve months21.0%
Return on equityProvider trailing return; positive equity only33.8%
Free cash flow marginTrailing free cash flow / revenue23.2%
Dividend yieldIndicated annual dividend / price2.1%
Earnings payoutProvider trailing dividend payout41.0%
Current ratioCurrent assets / current liabilities2.02x
BetaProvider historical market sensitivity1.68

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for QCOM

All available reporting periods
Q3 FY20262026-07-30
Q1 FY20262026-04-29

QCOM Stock: Record $11.7B Revenue — Q1 FY2026

Presentation · 2026-04-29 · YouTube

Deep Dive2026-04-23
Q1 20262026-04-09

Reported figures

Related research

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