QUALCOMM INC/DE (QCOM) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does QUALCOMM INC/DE Do?
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company 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 based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system 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 CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California. QUALCOMM INC/DE (QCOM) is classified as a large-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Cristiano R. Amon and employs approximately 51,000 people, headquartered in San Diego, California. With a market capitalization of $135.8B, QCOM is one of the prominent companies in the Technology sector.
QUALCOMM INC/DE (QCOM) Stock Rating — Reduce (April 2026)
As of April 2026, QUALCOMM INC/DE receives a Reduce rating with a composite score of 39.4/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.QCOM ranks #2,530 out of 4,446 stocks in our coverage universe. Within the Technology sector, QUALCOMM INC/DE ranks #271 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
QCOM Stock Price and 52-Week Range
QUALCOMM INC/DE (QCOM) currently trades at $128.16. The stock gained $0.41 (0.3%) in the most recent trading session. The 52-week high for QCOM is $205.95, which means the stock is currently trading -37.8% from its annual peak. The 52-week low is $120.80, putting the stock 6.1% above its annual trough. Recent trading volume was 8.4M shares, reflecting moderate market activity.
Is QCOM Overvalued or Undervalued? — Valuation Analysis
QUALCOMM INC/DE (QCOM) carries a value factor score of 49/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 11.35x, compared to the Technology sector average of 45.27x — a discount of 75%. The price-to-book ratio stands at 5.74x, versus the sector average of 3.16x. The price-to-sales ratio is 2.92x, compared to 1.06x for the average Technology stock. On an enterprise value basis, QCOM trades at 11.50x EV/EBITDA, versus 12.79x for the sector. The EV/EBIT multiple is 11.69x.
Overall, QCOM's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
QUALCOMM INC/DE Profitability — ROE, Margins, and Quality Score
QUALCOMM INC/DE (QCOM) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 50.5%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 22.0% versus the sector average of -1.0%.
On a margin basis, QUALCOMM INC/DE reports gross margins of 55.2%, compared to 50.9% for the sector. The operating margin is 28.3% (sector: -0.5%). Net profit margin stands at 25.8%, versus -1.5% for the average Technology stock. Revenue growth is running at 30.4% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
QCOM Debt, Balance Sheet, and Financial Health
QUALCOMM INC/DE has a debt-to-equity ratio of 64.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.51x, indicating strong short-term liquidity. Total debt on the balance sheet is $14.82B.
QCOM has a beta of 1.60, meaning it is more volatile than the broader market — a $10,000 investment in QCOM would be expected to move 60.5% more than the S&P 500 on any given day. The stability factor score for QUALCOMM INC/DE is 62/100, reflecting average volatility within the normal range for its sector.
QUALCOMM INC/DE Revenue and Earnings History — Quarterly Trend
In TTM 2026, QUALCOMM INC/DE reported revenue of $45.27B and earnings per share (EPS) of $2.81. Net income for the quarter was $11.66B. Gross margin was 55.2%. Operating income came in at $12.80B.
In Q1 2026, QUALCOMM INC/DE reported revenue of $12.25B and earnings per share (EPS) of $2.81. Net income for the quarter was $3.00B. Gross margin was 54.5%. Revenue grew 5.0% year-over-year compared to Q1 2025. Operating income came in at $3.37B.
In FY 2025, QUALCOMM INC/DE reported revenue of $44.28B and earnings per share (EPS) of $5.05. Net income for the quarter was $5.54B. Gross margin was 55.4%. Revenue grew 13.7% year-over-year compared to FY 2024. Operating income came in at $12.36B.
In Q3 2025, QUALCOMM INC/DE reported revenue of $10.37B and earnings per share (EPS) of $2.44. Net income for the quarter was $2.67B. Gross margin was 55.6%. Revenue grew 10.3% year-over-year compared to Q3 2024. Operating income came in at $2.76B.
Over the past 8 quarters, QUALCOMM INC/DE has demonstrated a growth trajectory, with revenue expanding from $9.39B to $45.27B. Investors analyzing QCOM stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
QCOM Dividend Yield and Income Analysis
QUALCOMM INC/DE (QCOM) currently pays a dividend yield of 2.2%. At this yield, a $10,000 investment in QCOM stock would generate approximately $$217.00 in annual dividend income. With a net margin of 25.8%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
QCOM Momentum and Technical Analysis Profile
QUALCOMM INC/DE (QCOM) has a momentum factor score of 28/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 15/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
QCOM vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, QUALCOMM INC/DE (QCOM) ranks #271 out of 584 stocks based on the Blank Capital composite score. This places QCOM in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing QCOM against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full QCOM vs S&P 500 (SPY) comparison to assess how QUALCOMM INC/DE stacks up against the broader market across all factor dimensions.
QCOM Next Earnings Date
No upcoming earnings date has been announced for QUALCOMM INC/DE (QCOM) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy QCOM? — Investment Thesis Summary
The quantitative profile for QUALCOMM INC/DE suggests caution. Momentum is weak at 28/100, a headwind for near-term performance. Low volatility (stability score 62/100) reduces downside risk.
In summary, QUALCOMM INC/DE (QCOM) earns a Reduce rating with a composite score of 39.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on QCOM stock.
Related Resources for QCOM Investors
Explore more research and tools: QCOM vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare QCOM head-to-head with peers: QCOM vs IHS, QCOM vs VRSN, QCOM vs ESE.