QCOM Chart
About

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. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductors Market Cap 154.63B
Enterprise Value 157.48B Income 5.37B Sales 44.87B
Book/sh 21.48 Cash/sh 11.08 Dividend Yield 246.00%
Payout 70.97% Employees 52000 IPO —
P/E 29.13 Forward P/E 12.81 PEG —
P/S 3.45 P/B 6.74 P/C —
EV/EBITDA 11.44 EV/Sales 3.51 Quick Ratio 1.63
Current Ratio 2.50 Debt/Eq 64.22 LT Debt/Eq —
EPS (ttm) 4.97 EPS next Y 11.31 EPS Growth -1.80%
Revenue Growth 5.00% Earnings 2026-04-29 ROA 14.05%
ROE 21.48% ROIC — Gross Margin 55.10%
Oper. Margin 27.47% Profit Margin 11.96% Shs Outstand 1.07B
Shs Float 1.06B Short Float 3.58% Short Ratio 3.87
Short Interest — 52W High 205.95 52W Low 120.80
Beta 1.24 Avg Volume 9.40M Volume 10.99M
Target Price $162.33 Recom Buy Prev Close $140.41
Price $144.78 Change 3.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$162.33
Mean price target
2. Current target
$144.78
Latest analyst target
3. DCF / Fair value
$175.84
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$144.78
Low
$132.00
High
$200.00
Mean
$162.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 up Loop Capital Hold → Buy $185
2026-02-24 up Wells Fargo Underweight → Equal-Weight $150
2026-02-06 main Argus Research Buy → Buy $180
2026-02-05 main JP Morgan Overweight → Overweight $185
2026-02-05 main TD Cowen Buy → Buy $150
2026-02-05 main RBC Capital Sector Perform → Sector Perform $150
2026-02-05 main Evercore ISI Group In-Line → In-Line $134
2026-02-05 main Cantor Fitzgerald Neutral → Neutral $135
2026-02-05 main Wells Fargo Underweight → Underweight $135
2026-02-05 main Rosenblatt Buy → Buy $190
2026-02-05 main Mizuho Neutral → Neutral $140
2026-02-02 main Cantor Fitzgerald Neutral → Neutral $160
2026-01-26 main UBS Neutral → Neutral $160
2026-01-26 main Mizuho Neutral → Neutral $160
2026-01-15 init RBC Capital — → Sector Perform $180
2026-01-09 down Mizuho Outperform → Neutral $175
2025-11-06 main UBS Neutral → Neutral $185
2025-11-06 main Wells Fargo Underweight → Underweight $165
2025-11-06 main Piper Sandler Overweight → Overweight $200
2025-11-06 main Mizuho Outperform → Outperform $200
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 26542 — — Stock Gift at price 0.00 per share. ACE HEATHER S Officer — 2026-02-19 00:00:00 D
1 3200 438400.0 — Sale at price 137.00 per share. ACE HEATHER S Officer — 2026-02-09 00:00:00 I
2 3333 458799.0 — Sale at price 136.01 - 138.62 per share. PALKHIWALA AKASH J Chief Operating Officer — 2026-02-06 00:00:00 D
3 3333 577620.0 — Sale at price 172.89 - 174.39 per share. PALKHIWALA AKASH J Chief Operating Officer — 2026-01-02 00:00:00 D
4 197 — — Stock Award(Grant) at price 0.00 per share. TRICOIRE JEAN-PASCAL Director — 2025-12-31 00:00:00 D
5 2130 nan — — TRICOIRE JEAN-PASCAL Director — 2025-12-31 00:00:00 D
6 168 — — Stock Award(Grant) at price 0.00 per share. YOUNG CHRISTOPHER DAVID Director — 2025-12-31 00:00:00 D
7 168 — — Stock Award(Grant) at price 0.00 per share. SMIT NEIL Director — 2025-12-31 00:00:00 D
8 401 — — Stock Award(Grant) at price 0.00 per share. MCLAUGHLIN MARK D Director — 2025-12-31 00:00:00 D
9 12538 2197736.0 — Sale at price 174.36 - 177.01 per share. PALKHIWALA AKASH J Chief Operating Officer — 2025-12-19 00:00:00 D
Financials
Line Item2025-09-302024-09-302023-09-302022-09-30
TaxEffectOfUnusualItems35.07M-1.86M-9.12M-41.86M
TaxRateForCalcs0.210.020.010.13
NormalizedEBITDA14.76B12.83B10.86B17.57B
TotalUnusualItems167.00M-93.00M-912.00M-322.00M
TotalUnusualItemsExcludingGoodwill167.00M-93.00M-912.00M-322.00M
NetIncomeFromContinuingOperationNetMinorityInterest5.54B10.11B7.34B12.99B
ReconciledDepreciation1.60B1.71B1.81B1.76B
ReconciledCostOfRevenue19.74B17.06B15.87B18.64B
EBITDA14.93B12.74B9.95B17.25B
EBIT13.33B11.03B8.14B15.49B
NetInterestIncome-25.00M-22.00M-381.00M-399.00M
InterestExpense664.00M697.00M694.00M490.00M
InterestIncome639.00M675.00M313.00M91.00M
NormalizedIncome5.41B10.20B8.24B13.27B
NetIncomeFromContinuingAndDiscontinuedOperation5.54B10.14B7.23B12.94B
TotalExpenses31.89B28.71B27.17B28.34B
TotalOperatingIncomeAsReported12.36B10.07B7.79B15.86B
DilutedAverageShares1.10B1.13B1.13B1.14B
BasicAverageShares1.10B1.12B1.12B1.12B
DilutedEPS5.018.976.4211.37
BasicEPS5.059.096.4711.52
DilutedNIAvailtoComStockholders5.54B10.14B7.23B12.94B
NetIncomeCommonStockholders5.54B10.14B7.23B12.94B
NetIncome5.54B10.14B7.23B12.94B
NetIncomeIncludingNoncontrollingInterests5.54B10.14B7.23B12.94B
NetIncomeDiscontinuousOperations0.0032.00M-107.00M-50.00M
NetIncomeContinuousOperations5.54B10.11B7.34B12.99B
TaxProvision7.12B226.00M104.00M2.01B
PretaxIncome12.66B10.34B7.44B15.00B
OtherIncomeExpense294.00M105.00M-826.00M-463.00M
OtherNonOperatingIncomeExpenses127.00M198.00M86.00M-141.00M
SpecialIncomeCharges-152.00M-261.00M-994.00M-47.00M
WriteOff113.00M79.00M132.00M47.00M
RestructuringAndMergernAcquisition39.00M
EarningsFromEquityInterest-7.00M13.00M
GainOnSaleOfSecurity319.00M168.00M82.00M-275.00M
NetNonOperatingInterestIncomeExpense-25.00M-22.00M-381.00M-399.00M
InterestExpenseNonOperating664.00M697.00M694.00M490.00M
InterestIncomeNonOperating639.00M675.00M313.00M91.00M
OperatingIncome12.39B10.25B8.65B15.86B
OperatingExpense12.15B11.65B11.30B9.71B
OtherOperatingExpenses-3.00M862.00M-1.06B
ResearchAndDevelopment9.04B8.89B8.82B8.19B
SellingGeneralAndAdministration3.11B2.76B2.48B2.57B
GrossProfit24.55B21.90B19.95B25.57B
CostOfRevenue19.74B17.06B15.87B18.64B
TotalRevenue44.28B38.96B35.82B44.20B
OperatingRevenue44.28B38.96B35.82B44.20B
Line Item2025-09-302024-09-302023-09-302022-09-30
OrdinarySharesNumber1.07B1.11B1.11B1.12B
ShareIssued1.07B1.11B1.11B1.12B
NetDebt9.29B6.79B6.95B12.71B
TotalDebt14.81B14.63B15.40B15.48B
TangibleBookValue8.70B14.23B9.53B5.62B
InvestedCapital36.02B40.91B36.98B33.49B
WorkingCapital16.61B14.73B12.84B8.86B
NetTangibleAssets8.70B14.23B9.53B5.62B
CommonStockEquity21.21B26.27B21.58B18.01B
TotalCapitalization36.02B39.54B36.06B31.55B
TotalEquityGrossMinorityInterest21.21B26.27B21.58B18.01B
StockholdersEquity21.21B26.27B21.58B18.01B
GainsLossesNotAffectingRetainedEarnings560.00M587.00M358.00M-22.00M
OtherEquityAdjustments560.00M587.00M358.00M-22.00M
RetainedEarnings20.65B25.69B20.73B17.84B
CapitalStock0.000.00490.00M195.00M
CommonStock0.000.00490.00M195.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest28.94B28.88B29.46B31.00B
TotalNonCurrentLiabilitiesNetMinorityInterest19.79B18.38B19.83B19.14B
OtherNonCurrentLiabilities4.91B5.02B5.21B3.86B
LiabilitiesHeldforSaleNonCurrent0.0038.00M119.00M0.00
TradeandOtherPayablesNonCurrent1.08B1.47B1.71B
NonCurrentDeferredLiabilities71.00M88.00M99.00M144.00M
NonCurrentDeferredRevenue71.00M88.00M99.00M144.00M
LongTermDebtAndCapitalLeaseObligation14.81B13.27B14.48B13.54B
LongTermDebt14.81B13.27B14.48B13.54B
CurrentLiabilities9.14B10.50B9.63B11.87B
OtherCurrentLiabilities3.15B3.35B3.11B3.64B
CurrentDeferredLiabilities358.00M297.00M293.00M369.00M
CurrentDeferredRevenue358.00M297.00M293.00M369.00M
CurrentDebtAndCapitalLeaseObligation1.36B914.00M1.95B2.04B
CurrentDebt1.36B914.00M1.95B2.04B
OtherCurrentBorrowings1.36B914.00M1.45B1.54B
CommercialPaper0.00499.00M500.00M
PayablesAndAccruedExpenses5.64B5.50B5.31B5.92B
CurrentAccruedExpenses1.84B1.83B1.69B1.49B
Payables3.80B3.66B3.63B4.43B
TotalTaxPayable1.01B1.08B1.72B634.00M
IncomeTaxPayable1.01B1.08B1.72B634.00M
AccountsPayable2.79B2.58B1.91B3.80B
TotalAssets50.14B55.15B51.04B49.01B
TotalNonCurrentAssets24.39B29.92B28.58B28.29B
OtherNonCurrentAssets6.45B8.05B8.17B8.93B
NonCurrentDeferredAssets743.00M5.16B3.31B1.80B
NonCurrentDeferredTaxesAssets743.00M5.16B3.31B1.80B
GoodwillAndOtherIntangibleAssets12.51B12.04B12.05B12.39B
OtherIntangibleAssets1.15B1.24B1.41B1.88B
Goodwill11.36B10.80B10.64B10.51B
NetPPE4.69B4.67B5.04B5.17B
AccumulatedDepreciation-9.81B-8.88B-7.67B-6.60B
GrossPPE14.50B13.54B12.71B11.77B
Leases594.00M550.00M485.00M369.00M
ConstructionInProgress154.00M126.00M226.00M330.00M
MachineryFurnitureEquipment11.67B10.81B9.98B9.13B
BuildingsAndImprovements1.92B1.89B1.85B1.77B
LandAndImprovements168.00M169.00M169.00M170.00M
Properties0.000.000.000.00
CurrentAssets25.75B25.23B22.46B20.72B
OtherCurrentAssets2.44B1.58B1.19B1.62B
AssetsHeldForSaleCurrent0.00341.00M733.00M0.00
RestrictedCash2.32B
Inventory6.53B6.42B6.42B6.34B
FinishedGoods2.21B2.59B2.15B2.79B
WorkInProcess3.98B3.50B4.10B3.33B
RawMaterials336.00M340.00M176.00M221.00M
Receivables4.32B3.93B3.18B5.64B
OtherReceivables1.46B1.58B1.26B1.47B
AccountsReceivable2.85B2.35B1.92B4.17B
CashCashEquivalentsAndShortTermInvestments10.15B13.30B11.32B6.38B
OtherShortTermInvestments4.63B5.45B2.87B3.61B
CashAndCashEquivalents5.52B7.85B8.45B2.77B
Line Item2025-09-302024-09-302023-09-302022-09-30
FreeCashFlow12.82B11.16B9.85B6.83B
RepurchaseOfCapitalStock-8.79B-4.12B-2.97B-3.13B
RepaymentOfDebt-2.36B-1.71B-7.01B-8.89B
IssuanceOfDebt2.48B799.00M6.95B8.48B
IssuanceOfCapitalStock404.00M383.00M434.00M356.00M
CapitalExpenditure-1.19B-1.04B-1.45B-2.26B
EndCashPosition7.84B7.85B8.53B3.10B
BeginningCashPosition7.85B8.53B3.10B7.12B
EffectOfExchangeRateChanges-22.00M12.00M30.00M-113.00M
ChangesInCash16.00M-690.00M5.40B-3.90B
FinancingCashFlow-13.20B-9.27B-6.66B-7.20B
CashFromDiscontinuedFinancingActivities0.0019.00M-58.00M4.00M
CashFlowFromContinuingFinancingActivities-13.20B-9.29B-6.61B-7.20B
NetOtherFinancingCharges-1.13B-949.00M-540.00M-800.00M
CashDividendsPaid-3.81B-3.69B-3.46B-3.21B
CommonStockDividendPaid-3.81B-3.69B-3.46B-3.21B
NetCommonStockIssuance-8.39B-3.74B-2.54B-2.77B
CommonStockPayments-8.79B-4.12B-2.97B-3.13B
CommonStockIssuance404.00M383.00M434.00M356.00M
NetIssuancePaymentsOfDebt122.00M-914.00M-64.00M-415.00M
NetShortTermDebtIssuance0.000.00-498.00M-3.00M
ShortTermDebtPayments-998.00M-799.00M-5.57B-7.00B
ShortTermDebtIssuance998.00M799.00M5.07B7.00B
NetLongTermDebtIssuance122.00M-914.00M434.00M-412.00M
LongTermDebtPayments-1.36B-914.00M-1.45B-1.89B
LongTermDebtIssuance1.49B0.001.88B1.48B
InvestingCashFlow-800.00M-3.62B762.00M-5.80B
CashFromDiscontinuedInvestingActivities0.002.00M1.38B-16.00M
CashFlowFromContinuingInvestingActivities-800.00M-3.62B-621.00M-5.79B
NetOtherInvestingChanges-1.00M-36.00M19.00M41.00M
NetInvestmentPurchaseAndSale1.12B-2.30B918.00M1.34B
SaleOfInvestment5.82B2.77B1.59B2.75B
PurchaseOfInvestment-4.69B-5.07B-668.00M-1.41B
NetBusinessPurchaseAndSale-743.00M-254.00M-235.00M-4.91B
PurchaseOfBusiness-743.00M-254.00M-235.00M-4.91B
NetPPEPurchaseAndSale14.00M10.00M127.00M5.00M
SaleOfPPE14.00M10.00M127.00M5.00M
CapitalExpenditureReported-1.19B-1.04B-1.45B-2.26B
OperatingCashFlow14.01B12.20B11.30B9.10B
CashFromDiscontinuedOperatingActivities0.00-91.00M-399.00M-170.00M
CashFlowFromContinuingOperatingActivities14.01B12.29B11.70B9.27B
ChangeInWorkingCapital414.00M1.22B1.15B-7.80B
ChangeInOtherWorkingCapital62.00M20.00M-56.00M-324.00M
ChangeInOtherCurrentAssets971.00M230.00M603.00M-2.27B
ChangeInPayablesAndAccruedExpense-116.00M1.73B-1.88B-7.00M
ChangeInAccruedExpense-235.00M1.05B1.00M-1.04B
ChangeInPayable119.00M682.00M-1.88B1.04B
ChangeInAccountPayable119.00M682.00M-1.88B1.04B
ChangeInInventory-138.00M13.00M8.00M-3.14B
ChangeInReceivables-365.00M-768.00M2.47B-2.07B
ChangesInAccountReceivables-365.00M-768.00M2.47B-2.07B
OtherNonCashItems-57.00M-67.00M25.00M-56.00M
StockBasedCompensation2.78B2.65B2.48B2.03B
AssetImpairmentCharge130.00M86.00M314.00M49.00M
DeferredTax3.98B-3.06B-1.27B-138.00M
DeferredIncomeTax3.98B-3.06B-1.27B-138.00M
DepreciationAmortizationDepletion1.60B1.71B1.81B1.76B
DepreciationAndAmortization1.60B1.71B1.81B1.76B
OperatingGainsLosses-381.00M-349.00M-152.00M432.00M
GainLossOnInvestmentSecurities-381.00M-349.00M-152.00M432.00M
NetIncomeFromContinuingOperations5.54B10.11B7.34B12.99B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for QCOM
Date User Asset Broker Type Position Size Entry Price Patterns