Qualcomm (QCOM)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-30
$164.79-11.12%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-10-30
Research Workspace
Put QCOM beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Semiconductors is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Maintain EPS guidance near $2.2 for 2026 Q2: Comparison needs review.
View ThesisRevenue growth is slowing — up about 2% over the past year and decelerating.
View GrowthRanks among the strongest in its industry on quality — around the top 18%.
View QualityManagement screens strong on capital allocation, earnings delivery, margins, the balance sheet.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 41% in its worst 12-month stretch.
View RiskQualcomm’s non-handset revenue expansion must offset falling handset revenue and support growth beyond chips. Revenue growth slowed from 5% to declines of 3% and 4%, despite three earnings beats. QCOM trades at 18× earnings versus a 56× peer median and its 17× historical multiple. Expectations look modest versus our view, although the price reflects declines in recent revenue. Our model puts the next-quarter miss probability near 17%. The thesis is on watch because its 2026 Q2 EPS-guidance comparison needs review. Peer multiples imply a price roughly in line with where it trades (about fair).
Trailing returns as of 2026-10-30. QCOM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 37 analysts currently covering QCOM (as of Oct 2026).
Based on 13 Wall Street analysts offering 12-month price targets for QCOM in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| QCOM Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Semiconductors — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put QCOM next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Maintain EPS guidance
Reported handset revenue decline pressures EPS guidance; layoffs may offset costs but do not resolve demand weakness.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $164.79
The last 12 months of price, then the range of analyst 12-month targets from today’s $164.79.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Return capital to stockholders via dividends and share repurchases
Official dividend announcement confirms ongoing shareholder returns, consistent with the capital-allocation objective.
Adverse license ruling creates meaningful legal and commercial uncertainty for Qualcomm’s Arm-based chip business.
Legal victory enhances Qualcomm's competitive position.
Advances: Execute growth strategy with focus on non-handset revenue expansion
Focus on AI aligns with non-handset revenue growth strategy.
Advances: Execute growth strategy with focus on non-handset revenue expansion
Collaboration supports non-handset revenue growth strategy.
Concerns about valuation relative to growth strategy.
Contract dispute could impact Qualcomm's operational strategy.
