QCOM
QUALCOMM Incorporated
QCOM
198.27USD
+2.08%
Sep 23, 2026
Price
Loading price history…
Price Action
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest
Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.
Key Financials
- Market Cap
- $208.2B
- Avg Volume (60D)
- 12.7M
- Revenue Growth YoY
- +13.7%
- Gross Margin
- +54.2%
- Operating Margin
- +23.2%
- Free Cash Flow Yield
- +5.0%
- Distance from 200DMA
- +18.5%
- Next Earnings
- 2026-11-04
- P/E
- 22.5x
- EV / EBITDA
- 18.2x
- EV / Sales
- 4.9x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 28, 2026
Filed balance-sheet data as of Jun 28, 2026
Fundamentals & Valuation
One of the two valuation perspectives says expensive; peers is the dissenting view.
QUALCOMM Incorporated has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 5.0% free-cash-flow yield and 18.2x EBITDA, which require sustained delivery to be justified.
What changed
- Price structure improvedQCOM: behavior moved from damaged structure to strong advance, and weekly structure moved from downtrend to uptrend. QCOM closed +9.3% against a broad market that moved +1.6%. QCOM closed +9.3% against a broad market that moved +1.6%.2026-09-21
Company Research
Thesis
Qualcomm is a fabless connected-compute platform supplier. Its QCT business sells Snapdragon system-on-chips, modem-RF connectivity, automotive cockpit/ADAS and IoT platforms; its QTL business licenses foundational cellular intellectual property.
Opportunity
Moderate opportunity
Adoption of power-efficient, AI-capable compute silicon that runs inference locally in smartphones, PCs, vehicles, robotics and industrial devices rather than relying exclusively on centralized cloud infrastructure.
Key risk
Decline in mobile device demand.
Narrative & Theme
Edge AI and Intelligent Devices
Part of On-Device AI Compute Platforms, with moderate fit.
QCOM has real and increasingly broad revenue exposure to local AI compute through Snapdragon platforms used across handsets, AI PCs, vehicles, industrial IoT and robotics.
Narrative HeatHeating up7.1 / 10
Theme HeatNeutral6.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Semiconductors
What they do
QUALCOMM develops and commercializes foundational wireless technologies globally, operating through segments focused on chipsets, technology licensing, and strategic initiatives.
How it earns
The company generates revenue primarily through product sales of integrated circuits and licensing fees for its patented technologies.
Products & services
Integrated circuits and system software for mobile devices
Automotive connectivity and ADAS systems
IoT devices including consumer electronics and industrial products
Customers & end markets
Mobile device manufacturers
Automotive industry
IoT device makers
Market position
Market leader in wireless chipset technology and patent licensing.
Demand drivers
Medium cyclicality
Revenue is influenced by consumer electronics and automotive industry cycles but supported by recurring licensing income.