Stock · QCOM · Technology

Qualcomm Incorporated

United States · Large Cap · listed since 1991 · Revenue 12 mo. $43.1B

Price as of 11/06/2026

StockScorer score
7.3
of 10 8 of 11 points High Match To the score
Price
$165.41
1 Y −14.1%
Market cap
$195.2B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +6.4% a year (3 years)EBIT margin 20.1%Payout 108.5% of operating cash flow

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

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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. The company is in collaboration with Amazon to enable customized silicon at scale for large-scale AI data centers. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.

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Summary

Qualcomm Incorporated is around the middle of the Technology sector overall

53.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 9.9% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €7.8B (2026), it supports €86.3B. The remaining €88.9B of the market value assume it grows 9.9% a year for 10 years and not at all afterwards.

Required FCF growth per year

9.9%

no growth afterwards

Market value breakdown€175.1B market value, price as of 11/06/2026

€86.3B without growth
€88.9B priced-in growth
  • 5 yrs achieved 8.8%
  • 10 yrs achieved 11.2%
  • priced in 9.9%

Valuation against its own history

Price to operating cash flow 15.9×, within its usual range.

Middle half of 20 quarters: 13.0× to 16.2×, median 14.5×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 3 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 3.9% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • EBIT margin falling for three quarters −7.1 pp over the last four reports
  • Volatile earnings 4 drops or sign changes in up to 10 years
  • Profit well above operating result 1.57 times EBIT, last 12 months

Since the last quarter

Q2 → Q3 2026

Mostly worse than the previous quarter: 4 of 5 changes for the worse.

  • FCF, 12 mo.$10.4B → $8.7B−17.0%worse
  • Gross margin54.2% → 53.1%−1.1 ppworse
  • EBIT margin23.2% → 20.1%−3.1 ppworse
  • FCF margin23.6% → 20.1%−3.6 ppworse
  • Return on equity33.5% → 44.8%+11.4 ppbetter

3 more unchanged: Revenue, 12 mo., Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability65.4above the middleEarns more than the sector: Return on equity 44.83%, sector 14.60%.
MetricStockSector medianPosition in sector
Return on equity44.83%14.60%Rank 89
Return on capital (Greenblatt)52.80%29.77%Rank 67
EBIT margin20.08%17.40%Rank 58
FCF margin20.06%18.54%Rank 56
Gross margin53.10%48.47%Rank 58
Growth46.8around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−2.63%12.70%Rank 5
Earnings growth, 3 years per year25.52%9.54%Rank 80
Earnings growth, 5 years per year10.04%14.07%Rank 33
Sustainable growth (ROE × retained earnings)5.78%2.87%Rank 69
Valuation67.4above the middleValued lower than the sector: Earnings yield 7.68%, sector 2.64%.
MetricStockSector medianPosition in sector
Earnings yield7.68%2.64%Rank 92
FCF yield4.43%3.06%Rank 65
EV/saleslower is better4.705.18Rank 54
EV/EBITlower is better23.4026.24Rank 59
Momentum43.6around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year−14.10%−0.59%Rank 34
Share price, 6 months−24.02%−4.46%Rank 28
Share price, 3 months3.67%−5.84%Rank 65
Distance from 52-week high−34.10%−33.23%Rank 48
Quality59.0around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better8.15%1.65%Rank 24
Change in share countlower is better−2.90%−0.17%Rank 86
Dividend streak in years228Rank 96
Price reaction to results, market-adjusted−4.53%−1.57%Rank 31
Balance sheet & risk36.8below the middleMore risk than the sector: Net debt/EBITDA 0.86, sector −0.20.
MetricStockSector medianPosition in sector
Equity ratio49.98%53.98%Rank 43
Net debt/EBITDAlower is better0.86−0.20Rank 28
Debt to equitylower is better0.500.33Rank 34
Volatility, 1 yearlower is better54.96%50.37%Rank 43

Ten years in figures

Revenue from $22.3B (2017) to $43.1B (2026), 7.6% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
201722.311.6%4.01.49B−13.1
201822.72.7%3.11.46B4.6
201924.331.6%6.41.22B4.1
202023.526.6%4.41.15B9.0
202133.629.2%8.61.15B9.2
202244.235.9%6.81.14B13.4
202335.821.7%9.81.13B7.6
202439.025.9%11.21.13B7.6
202544.327.9%12.81.11B8.5
202643.120.1%8.71.07B10.5
7.3 / 10High MatchStockScorer score8 of 11 points

5 of 7 StockScorer Score rules met · How the score is built

Qualcomm Incorporated mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Qualcomm Incorporated's score is built

Qualcomm Incorporated is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

5 of 7 rules met

8 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Qualcomm Incorporated stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Moat Quality
  • Altman Z-Score: Stress Test
  • Magic Formula: Value + Quality
  • Undervalued Stocks: Multi-Factor Check
  • Dividend Aristocrats & Continuity
  • Defensive: Low Volatility
  • Acquirer's Multiple: EV/EBIT Deep Value
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Growth Momentum (CAN SLIM principle)

Qualcomm Incorporated key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Qualcomm Incorporated.

MetricStockSector
P/E ratio13.035.1
P/B ratio5.85.5
Return on equity (ROE)44.8%14.6%
Equity ratio50.0%54.0%
Debt-to-equity (D/E)0.500.33
Dividend yield2.2%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
QCOMQualcomm Incorporatedthis page
ADIAnalog Devices IncHigh6.4
MRVLMarvell Technology Group LtdMedium5.5
TXNTexas Instruments IncorporatedLow1.8
INTCIntel Corporationlocked
MPWRMonolithic Power Systems Inclocked

Frequently asked questions about Qualcomm Incorporated stock

How does Qualcomm Incorporated stock (QCOM) score in the StockScorer model?
Qualcomm Incorporated stock reaches a StockScorer score of 7.3 out of 10, which is a high match with the rule-based strategies. 5 out of 7 flagship profile rules are met.
What is Qualcomm Incorporated's P/E ratio?
Qualcomm Incorporated's P/E ratio is 13.0. The Technology sector median is 35.1.
What sector is Qualcomm Incorporated in?
Qualcomm Incorporated is assigned to the Technology sector. Its rank within the sector is 53.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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