Stocks · Technology · Semiconductors
QUALCOMM Incorporated QCOM
$184.87 +1.53% Close, Oct 2, 2026 · NASDAQ · Market cap $194.11B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in an uptrend: above its 200-day average for 22 trading days, with the 50-day average above the 200-day.
- Operating margin narrowed to 23.2% from 27.8% a year earlier.
- Diluted EPS over the last four quarters was $8.76, down 15.4% year over year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth8Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 22%
- EPS growth (TTM, YoY)Bottom 26%
- FCF growth (TTM, YoY)Bottom 25%
- Revenue growth, 3-year CAGRBottom 30%
- Revenue growth accelerationBottom 17%
Quality76Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 12%
- Gross marginTop 47%
- Operating marginTop 13%
- Cash conversion (OCF / net income)Bottom 32%
- Accruals (lower is better)Bottom 44%
- Net debt / EBITDA (lower is better)Bottom 44%
- Interest coverTop 22%
Value67Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 18%
- Free-cash-flow yieldTop 33%
- EBITDA / enterprise valueTop 26%
- Sales / enterprise valueBottom 46%
- P/E vs own 5-year history (lower is better)Bottom 38%
Momentum56Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 48%
- 6-month returnTop 32%
- 1-year return vs S&P 500Top 45%
- Distance from 52-week highTop 47%
- Trend checklist (0–4)Top 44%
Revisions5Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 29%
- Consecutive EPS beatsBottom 12%
- Share of analysts rating BuyBottom 20%
- Upside to consensus price targetBottom 31%
Stability63Neutral
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 28%
- Maximum drawdown, 3 yearsTop 19%
- Beta vs S&P 500 (lower is better)Bottom 31%
- Net debt / EBITDA (lower is better)Bottom 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.2% | 1.9% | ↓ |
| EPS growth (YoY) | -5.0% | -15.4% | ↓ |
| Gross margin | 55.7% | 54.2% | ↓ |
| Operating margin | 27.8% | 23.2% | ↓ |
| FCF margin | 26.9% | 23.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.9% | 5.2% | ↓ | Bottom 22% |
| EPS growth (TTM, YoY) | -15.4% | -5.0% | ↓ | Bottom 26% |
| Gross margin | 54.2% | 55.7% | ↓ | Top 47% |
| Operating margin | 23.2% | 27.8% | ↓ | Top 13% |
| Net margin | 21.0% | 26.8% | ↓ | — |
| Free-cash-flow margin | 23.6% | 26.9% | ↓ | — |
| Return on invested capital | 17.4% | — | Top 12% | |
| Revenue growth, 3-year CAGR | 0.1% | — | Bottom 30% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.34×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +35.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.80×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 14.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.97%
- Net buyback yield (TTM)
- 4.55%
- Shareholder yield
- 6.52%
- Share count change, 1 year
- -2.7%
- Share count change, 3-year CAGR
- -1.7%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 28, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +2.6%
- Average 2-day reaction, last 8
- +1.2%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $204.48
- Target vs current price
- +10.6%
- Analysts with a rating
- 69
- Share rating Buy or Strong Buy
- 43%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | -0.9% | -4.4% | -0.1% | -1.4% | — |
| Apr 29, 2026 | +3.5% | +4.0% | +24.4% | +55.6% | +11.3% |
| Feb 4, 2026 | +3.2% | +1.2% | -4.8% | -5.2% | +22.0% |
| Nov 5, 2025 | +4.5% | +4.0% | +0.7% | +1.3% | -11.7% |
| Jul 30, 2025 | +2.2% | -1.9% | -9.5% | -1.8% | +4.4% |
| Apr 30, 2025 | +1.1% | +1.1% | -4.8% | +0.5% | +7.8% |
| Feb 5, 2025 | +15.2% | +1.6% | -0.6% | -8.4% | -21.9% |
| Nov 6, 2024 | +5.1% | +4.3% | -1.5% | -1.5% | +4.3% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $2.21 | $2.23 | -0.9% | $9.95B |
| Apr 29, 2026 | $2.65 | $2.56 | +3.5% | $10.60B |
| Feb 4, 2026 | $3.50 | $3.39 | +3.2% | $12.25B |
| Nov 5, 2025 | $3.00 | $2.87 | +4.5% | $11.27B |
| Jul 30, 2025 | $2.77 | $2.71 | +2.2% | $10.37B |
| Apr 30, 2025 | $2.85 | $2.82 | +1.1% | $10.98B |
| Feb 5, 2025 | $3.41 | $2.96 | +15.2% | $11.67B |
| Nov 6, 2024 | $2.69 | $2.56 | +5.1% | $10.24B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 21.1× | 17.6× | 71th | Top 18% |
| P/E (forward) | 17.5× | — | — | — |
| EV / EBITDA | 15.2× | — | — | Top 26% |
| EV / Sales | 4.65× | — | — | Bottom 46% |
| Free-cash-flow yield | 5.37% | — | — | Top 33% |
| Earnings yield | 4.74% | — | — | Top 18% |
P/E over the past five years
Range 9.9× – 35.9× since Jun 27, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +11.0%
- Earnings per share growth (TTM)
- -15.4%
- Change in P/E multiple
- +15.8%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 19
- Days above the 200-day average
- 22
- 50-day average slope (20 days)
- +0.8%
- 200-day average slope (20 days)
- +0.9%
- Distance from 50-day average
- +7.8%
- Distance from 200-day average
- +9.2%
- RSI (14)
- 52.4
- Relative volume
- 0.68×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 46.3%
- Volatility vs own 5-year history
- 71th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.74
- Correlation with S&P 500
- 0.56
- Current drawdown from 1-year high
- -26.4%
- Maximum drawdown, 3 years
- -45.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 15, 2021 | May 24, 2023 | -45.6% | 361 days | 245 days (May 15, 2024) |
| Jun 18, 2024 | Apr 7, 2026 | -45.4% | 450 days | 24 days (May 11, 2026) |
| May 29, 2026 | Jul 31, 2026 | -41.2% | 43 days | Not yet recovered |
| Feb 2, 2021 | Oct 12, 2021 | -25.4% | 175 days | 19 days (Nov 8, 2021) |
| May 11, 2026 | May 19, 2026 | -17.6% | 6 days | 3 days (May 22, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $194.11B
- P/E (TTM)
- 21.1
- EPS, diluted (TTM)
- $8.76
- Revenue (TTM)
- $44.07B
- Dividend yield
- 1.96%
- 52-week range
- $121.99 – $259.92
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $33.57B | $44.20B | $35.82B | $38.96B | $44.28B |
| Gross profit | $19.30B | $25.57B | $19.95B | $21.90B | $24.55B |
| Operating income | $9.79B | $15.86B | $7.79B | $10.07B | $12.36B |
| Net income | $9.04B | $12.94B | $7.23B | $10.14B | $5.54B |
| EPS (diluted) | $7.87 | $11.38 | $6.42 | $8.98 | $5.01 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.24B | $11.67B | $10.98B | $10.37B | $11.27B | $12.25B | $10.60B | $9.95B |
| Net income | $2.92B | $3.18B | $2.81B | $2.67B | -$3.12B | $3.00B | $7.37B | $2.00B |
| EPS (diluted) | $2.58 | $2.83 | $2.52 | $2.43 | -$2.77 | $2.78 | $6.88 | $1.87 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $10.54B | $9.10B | $11.30B | $12.20B | $14.01B |
| Capital expenditure | -$1.89B | -$2.26B | -$1.45B | -$1.04B | -$1.19B |
| Free cash flow | $8.65B | $6.83B | $9.85B | $11.16B | $12.82B |
| Dividends paid | -$3.01B | -$3.21B | -$3.46B | -$3.69B | -$3.81B |
| Net share buybacks | -$3.02B | -$2.77B | -$2.54B | -$3.74B | -$8.39B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $8.30B
- Total assets
- $57.37B
- Total liabilities
- $29.71B
- Total debt
- $15.27B
- Net debt
- $10.74B
- Shareholders’ equity
- $27.66B
As of Jun 28, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 3, 2026 | $0.92 | Sep 24, 2026 |
| Jun 4, 2026 | $0.92 | Jun 25, 2026 |
| Mar 5, 2026 | $0.89 | Mar 26, 2026 |
| Dec 4, 2025 | $0.89 | Dec 18, 2025 |
| Sep 4, 2025 | $0.89 | Sep 25, 2025 |
| Jun 5, 2025 | $0.89 | Jun 26, 2025 |
| Mar 6, 2025 | $0.85 | Mar 27, 2025 |
| Dec 5, 2024 | $0.85 | Dec 19, 2024 |
Short interest
- Shares sold short
- 38,316,643
- Days to cover
- 3.06
- Change vs previous report
- +13.6%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 16, 2004
- 2-for-1
- Dec 31, 1999
- 4-for-1
- May 11, 1999
- 2-for-1
- Feb 24, 1994
- 2-for-1