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QCOM
Qualcomm Inc
NASDAQ· Technology· Semiconductors· CUSIP 747525103
$172.83-2.88%Price as of Oct 23, 00:41 UTC · updated once a day, after the close
At a glance
Qualcomm Inc (QCOM) is listed on NASDAQ and classified in Semiconductors, part of the Technology sector. It is headquartered in San Diego, United States and has 52,000 employees. The company is worth $184.55B and trades at 20.6x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $44.28B in fiscal 2025, up 13.7% from the year before. Net income was $5.54B. The share price is 33.5% below its 52-week high of $259.92. It pays a dividend yielding 2.13%, and has raised its annual dividend for 22 years in a row in our records. 10 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Brad Gerstner (Altimeter Capital), at $347.87M. In that quarter, 6 of them opened or added to the position and 3 reduced it. Over the last 30 days, company insiders sold $2.78M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $184.55B
- P/E
- 20.6x
- Forward P/E
- 17.0x
- P/B
- 6.6x
- Dividend yield
- 2.13%
- Payout
- 43.86%
- EPS
- $8.39
- ROE
- 33.75%
- Profit margin
- 21.01%
- Revenue growth
- -4.00%
- Beta
- 1.65
- 52-week high
- $259.92
- 52-week low
- $121.99
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Brad GerstnerNew positionAltimeter Capital · Q2 2026$347.87M1.88M shares · 3.5% of portfolio- Andreas HalvorsenNew positionViking Global Investors · Q2 2026$279.81M1.51M shares · 0.8% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$265.78M1.44M shares · 0.2% of portfolio- Philippe LaffontHeldCoatue Management · Q2 2026$256.36M1.39M shares · 0.5% of portfolio
- Cliff AsnessReducedAQR Capital Management · Q2 2026$200.16M1.08M shares · 0.1% of portfolio
- Israel EnglanderAddedMillennium Management · Q2 2026$197.37M1.07M shares · 0.1% of portfolio
David TepperReducedAppaloosa Management · Q2 2026$46.2M250K shares · 0.6% of portfolio- Two SigmaAddedTwo Sigma Investments · Q2 2026$44.96M243.33K shares · 0.0% of portfolio
Ray DalioReducedBridgewater Associates · Q2 2026$30.02M162.47K shares · 0.1% of portfolio- Lee AinslieNew positionMaverick Capital · Q2 2026$1.02M5.54K shares · 0.0% of portfolio
Price over time
▼ -4.7% over 5Y.
today you would have $1,442.26▲ +44.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $171.05 | $153.62 | $144.63 | $109.94 | $182.87 | $152.34 | $88.23 | $56.91 | $64.02 | $65.20 | $49.99 | $74.33 | $74.25 | $61.86 | $54.70 | $49.49 | $46.26 | $35.83 | $39.35 | |
| P/E | 20.9x | 34.1x | 17.1x | 22.5x | 9.7x | 23.2x | 33.7x | 24.6x | — | 39.0x | 17.1x | 15.5x | 16.0x | 19.0x | 17.6x | 21.7x | 25.3x | 48.7x | 18.9x | 20.2x |
| P/S | 4.6x | 4.1x | 4.4x | 4.5x | 2.8x | 6.1x | 7.3x | 4.2x | 3.1x | 4.2x | 4.1x | 3.0x | 4.7x | 5.0x | 5.5x | — | 7.3x | 7.4x | 5.3x | 7.5x |
| P/B | 4.0x | 8.6x | 6.5x | 7.5x | 6.8x | 20.6x | 28.4x | 20.5x | 85.5x | 3.1x | 3.0x | 2.4x | 3.2x | 3.5x | 3.1x | — | 3.8x | 3.8x | 3.3x | 4.2x |
| EPS | $5.01 | $8.97 | $6.42 | $11.37 | $7.87 | $4.52 | $3.59 | -$3.39 | $1.64 | $3.81 | $3.22 | $4.65 | $3.91 | $3.51 | $2.52 | $1.96 | $0.95 | $1.90 | $1.95 | |
| Dividend yield | 2.06% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% | 2.17% | 1.75% | 1.56% | 1.53% | 1.50% | 1.45% | 1.73% | 1.37% |
| Payout | 37.55% | 70.26% | 37.35% | 49.07% | 25.77% | 34.18% | 56.86% | 69.08% | — | 136.59% | 54.33% | 57.76% | 34.62% | 33.25% | 27.49% | 33.13% | 37.76% | 70.53% | 32.63% | 27.69% |
| Profit margin | 26.03% | 12.51% | 26.03% | 20.19% | 29.27% | 26.94% | 22.09% | 18.07% | -21.95% | 10.98% | 24.22% | 20.85% | 30.08% | 27.56% | 31.95% | 28.48% | 29.57% | 15.33% | 28.36% | 37.23% |
| ROE | 18.99% | 26.13% | 38.60% | 33.51% | 71.81% | 90.88% | 85.54% | 89.35% | -615.12% | 7.96% | 17.95% | 16.78% | 20.34% | 18.99% | 18.22% | 15.81% | 15.57% | 7.84% | 17.61% | 20.86% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$70.28
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$35.31
Earnings growing 2.1% a year plus a 2.1% dividend yield. Growth capped at 25%.
Earnings
$234.96
Median P/E of 28.0 among peers in the sector.
Earnings
$175.71
Median P/E of 20.9 across this company’s own years on record.
Cash flow
$150.01
Cash flow growing 2.1% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$178.08
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
Dividends
$89.34
Dividend growing 8.0% a year against a 12.3% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $129.07 (avg. of 4)+Cash flow $150.01+Operating $178.08+Dividends $89.34÷ 4 =$136.63
$136.63
7 methods answered, across 4 families.
$102.47
Room for errors in the reported numbers.
$172.83
-20.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SNDKSandisk Corp | $1,260.93 | 18.7x | 11.9x | 0.00% | 91.64% | $182.24B |
| ADIAnalog Devices Inc | $385.76 | 48.2x | 5.6x | 1.14% | 12.23% | $186.93B |
| APHAmphenol Corp | $73.07 | 39.5x | 11.6x | 0.68% | 38.12% | $180.19B |
| KLACKla Corp | $147.83 | 44.7x | 30.4x | 0.62% | 87.50% | $192.92B |
| MRVLMarvell Technology, Inc. | $223.47 | 73.5x | 10.6x | 0.11% | 16.52% | $200.83B |
| CRMSalesforce, Inc. | $250.29 | 22.9x | 5.4x | 0.70% | 19.38% | $205.99B |
About the company
- 52,000
- San Diego, United States