Latest update
$219
Updated: Jun 17, 2026, 2:18 PM UTC
Browsing public data
QUALCOMM (QCOM) develops and commercializes foundational technologies for the wireless industry, operating through three segments: Qualcomm CDMA Technologies (QCT) for integrated circuits and software in mobile, automotive, and IoT; Qualcomm Technology Licensing (QTL) for intellectual property licensing; and Qualcomm Strategic Initiatives (QSI) for early-stage investments. The company has a market capitalization of $231.0 billion.
Revenue
The total dollars the company billed customers. When this number grows quarter after quarter, the business is finding more demand.
Latest
↓$10.6B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↓-13.5%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
→-3.5%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Net income
What's left from revenue after paying every cost — employees, materials, taxes, interest. Sometimes called profit or 'the bottom line.'
Latest
↑$7.4B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↑+145.3%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+162.1%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Free cash flow
The cash actually left in the bank after the company has paid for everything and reinvested in itself. Harder to fake than net income.
Latest
↓$1.9B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↓-56.6%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↓-18.1%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
| Metric | 3 yr | 2 yr | 1 yr |
|---|---|---|---|
| Revenue | — | — | -3.5% $11B→$10.6B |
| Net income | — | — | +162.3% $2.8B→$7.4B |
| Free cash flow | — | — | -18.1% $2.3B→$1.9B |
P/E TTM
↑23.6×
Trailing twelve months. Today's price divided by the last year of actual earnings.
P/E NTM
↑20.5×
Next twelve months. Today's price divided by what analysts expect the company to earn over the coming year.
Profitability
↑Strong
Operating margin (and the wider return profile) tells you how efficiently each dollar of sales becomes profit. High and rising = pricing power; low or falling = the business is grinding.
Share count
→Stable
Are the buybacks outrunning the stock-based comp? A shrinking share count means every existing share owns a bigger slice of future earnings.
Debt load
→Manageable
Total debt against cash and earnings power (EBITDA). Light debt leaves room to invest and weather downturns; heavy debt shrinks the margin for error.
Debt service
↑Strong
Whether the cash the business generates easily covers its interest and loan payments. Strong here = no forced selling in a bad year.
Cash return at today's price
→4.2%
Free cash flow divided by market cap — the cash yield you're getting for the price you pay. Above ~6% is rich, below ~3% is thin. P/E shown when the yield is too small to be useful.
While the fundamental picture remains attractive and the long-term trend is upward, the stock's recent volatility and extended position above the weekly 21 EMA warrant a patient approach. The current price action is hovering around a short-term moving average with declining volume, indicating a pause. It is prudent to wait for more definitive signs of renewed buying pressure and consolidation before initiating new positions, despite the positive fundamental backdrop.
Short-term thesis
QUALCOMM is navigating a transition from parabolic growth to a more sustainable markup phase, driven by its critical role in supplying NPU silicon for the growing Edge AI and AI PC markets. Despite recent volatility and mixed sales metrics, the company's strong profitability, manageable debt, and strategic positioning underscore an attractive long-term investment profile. However, tactical patience is advised given the stock's current extended technical posture.
Long-term exposure
Maybe own
There is a case here, but one sleeve still needs work.
Entry window
Wait
QUALCOMM is consolidating after a significant rally and subsequent pullback. While trading near its daily short-term average, its extended position relative to the longer-term weekly average suggests caution. Volume has contracted, indicating a period of digestion. We are looking for clear accumulation signals before recommending new action.
Risk check
Watch
Risk is manageable, but position size and timing still matter.
Alignment
Mixed
Neither horizon fully wins, so size and patience matter.
What supports it
What limits it
Long-term thesis
The proliferation of Artificial Intelligence at the edge, requiring specialized computing power, notably for AI PCs and next-generation mobile devices.
Bottleneck Role
QUALCOMM is a critical bottleneck for premium NPU silicon required to enable Edge AI capabilities in devices like AI PCs, next-gen smartphones, and advanced automotive systems. Their design and manufacturing expertise create a scarcity of high-performance, power-efficient AI processing units.
Consensus Blind Spot
The consensus may still be underestimating the speed and scope of the transition to Edge AI, particularly how quickly NPU integration will become a standard feature and drive replacement cycles in PCs and mobile. The stickiness of QUALCOMM's licensing business in the face of this hardware transition may also be overlooked.
Demand Gap
There is a significant and growing demand gap for integrated NPU solutions that can deliver efficient, high-performance AI processing directly on devices, reducing reliance on cloud infrastructure and enabling new applications. QUALCOMM is well-positioned to fill this gap with its Snapdragon platforms.
Demand to Equity Scenarios
Slower-than-expected adoption of AI PCs and Edge AI applications due to software ecosystem immaturity or higher device costs.
Demand
-15%
Earnings
-10%
Equity implication
-20%
Reduced unit shipments and ASPs for NPU-enabled chipsets, leading to increased competition.
Steady, progressive adoption of AI PCs and Edge AI, with QUALCOMM maintaining its market share, driven by a growing ecosystem.
Demand
+20%
Earnings
+15%
Equity implication
+25%
Solid growth in NPU shipments, stable pricing, and expansion into new device categories.
Accelerated and widespread adoption of AI PCs and Edge AI becoming a mainstream feature, leading to rapid device refresh cycles and market share gains for QUALCOMM.
Demand
+40%
Earnings
+30%
Equity implication
+50%
Explosive growth in NPU unit sales, potential for higher ASPs, and strong licensing revenue.
Dependency Chain
Repricing Triggers
Must be true
Thesis broken if
What changed
Signal
Conviction
Long term
Stock
Added since last run
8No longer flagged
0Nothing dropped this run
The previous call to 'WAIT' as the stock attempted to find a floor was confirmed, with minimal price movement since the last update, indicating the call was roughly neutral in its outcome.
Jun 17, 2026
LatestUpdated Jun 17, 2026, 2:18 PM UTC
Price at review
$219
QUALCOMM is consolidating after a significant rally and subsequent pullback. While trading near its daily short-term average, its extended position relative to the longer-term weekly average suggests caution. Volume has contracted, indicating a period of digestion. We are looking for clear accumulation signals before recommending new action.
Jun 8, 2026
Updated Jun 8, 2026, 11:13 AM UTC
Price at review
$216
Expect further stabilization around current levels as the stock attempts to find a floor.
May 31, 2026
Updated May 31, 2026, 10:52 PM UTC
Price at review
$251
Expect a sideways pause or a slight dip to let the rapid price gains settle.
Jan 21, 1970
Updated Apr 27, 2026, 10:36 PM UTC
Price at review
$150
Price is testing the weekly 21 EMA ($150.74) with price at $150.26, making this a decisive moment. The 2-day proximity to April 29 earnings creates binary risk—above EMA confirmation could trigger momentum follow-through, but any guidance miss given the 13.6x forward P/E pricing in ~55% earnings growth would be punished severely.
Jan 21, 1970
Updated Apr 25, 2026, 11:19 AM UTC
Price at review
$149
Price surged 11.12% on strong volume, breaking above daily 21 EMA with momentum accelerating. However, weekly 21 EMA at $150.61 remains just overhead as critical resistance to watch this week.