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QUALCOMM Incorporated (QCOM)

Technology · Semiconductors · NASDAQ

Why is QCOM moving?

QCOM is up 1.53% today, in line with its broader uptrend.

Recent coverage: Why Qualcomm (QCOM) Outpaced the Stock Market Today

Business overview

  • The company operates in the Semiconductors industry within the Technology sector, providing core connectivity and processing solutions.
  • Data unavailable regarding specific segment market share figures.
  • Data unavailable regarding customer concentration percentages.

These structural elements position the company as a key technology enabler, though operational stability relies heavily on cyclical semiconductor demand.

Bull case

The combination of strong free cash flow generation, a conservative balance sheet with robust liquidity, and an attractive free cash flow yield of 6.5% provides a solid foundation for long-term value creation. Furthermore, positive technical momentum with the stock trading above its key moving averages supports continued investor interest.

Bear case

A severe contraction in year-over-year earnings per share combined with a negative margin trend highlights operational headwinds that could pressure profitability further. If forward earnings expectations fail to materialize, the higher forward P/E multiple could lead to valuation contraction.

QCOM’s Investru Score changed +1 points recently. Want to know exactly what changed and why? That’s a Pro feature →

Score breakdown

Financial Quality
68
Growth
36
Profitability
53
Balance Sheet
75
Valuation
80
Momentum
87

Score history

+1.0 over the last 33 days, driven mainly by momentum (+13).

Financial quality

  • Return on invested capital stands at 15.4%, demonstrating efficient capital allocation toward profitable projects.
  • Return on equity is 26.1%, indicating strong returns generated on shareholder equity.
  • Free cash flow margin is 28.9%, showing robust conversion of revenue into discretionary cash.
  • Earnings quality ratio is 2.53, reflecting a healthy alignment between reported earnings and cash generation.

Together, these figures highlight a financially sound enterprise that converts profits into cash efficiently while delivering strong returns on invested capital.

ROIC
15.4%
ROE
26.1%
FCF Margin
28.9%
Free Cash Flow (TTM)
$12.8B
Earnings Quality (OCF ÷ Net Income)
2.5x

Valuation

  • P/E ratio is 13.2, suggesting the stock is reasonably priced relative to trailing earnings.
  • Forward P/E is 19.66, indicating a higher valuation multiple based on expected future earnings.
  • EV to EBITDA is 17.82, placing total enterprise value at a moderate multiple of core operating earnings.
  • Price-to-sales ratio is 4.6, showing how much investors are paying for each dollar of revenue.
  • Free cash flow yield is 6.5%, offering an attractive cash return relative to the current share price.
  • Trailing PEG ratio is unavailable.
  • Forward PEG ratio is unavailable.
  • Median PEG ratio is unavailable.

Together, these valuation measures suggest the stock trades at reasonable multiples relative to its earnings and cash generation, offering an appealing entry point for value-conscious investors.

P/E (TTM)
13.2x
Forward P/E
19.7x
PEG (P/E ÷ EPS Growth)
Data unavailable
Company Median PEG
Data unavailable
Price / Sales
4.6x
EV / EBITDA
17.8x
FCF Yield
6.5%

Key risks

  • A steep year-over-year decline in earnings per share of 44.1% could persist if cost pressures or margin compression continue.(Probability: High · Impact: High)
  • A negative margin trend of -1.3% may signal ongoing erosion in operating profitability.(Probability: Medium · Impact: Medium)
  • A forward P/E of 19.66 compared to a trailing P/E of 13.2 introduces valuation risk if future earnings fail to meet expectations.(Probability: Medium · Impact: Medium)

Latest earnings

Q3 FY26 EPS
$1.87
Estimate
Data unavailable
Surprise
Data unavailable
  • Data unavailable for specific quarterly revenue figures.
  • Data unavailable for specific quarterly operating income totals.
  • EPS growth year-over-year is -44.1%, marking a sharp drop in profitability.

These earnings figures illustrate a challenging bottom-line environment despite ongoing top-line revenue expansion.

SEC filings

Event filings (8-K) aren't covered by this page's data source yet — only 10-K/10-Q are shown above.

Market cap $198.6B · 52-week range $121.99–$259.92 · market data as of Oct 2, 2026, 4:00 PM ET · latest SEC filing: 2026-07-29

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Analyze QCOM with Investru AI

Not investment advice. Investru AI summarizes public data and AI-generated analysis for informational purposes only.