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Qualcomm $QCOM

Information Technology · Semiconductors · NASDAQ

S&P 500 Nasdaq-100 Russell 1000 California

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$173.53

+1.42 (+0.83%)

As of Oct 20, 2026, 8:32 AM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts May 4, 2026, the first target we tracked for QCOM.

Key facts

52-week range (closes): $124.07 – $251.02 Lowest close Apr 7, 2026, highest May 29, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: September Fiscal 2025 ended Sep 28, 2025, from SEC filings
In the S&P 500 since: Jul 22, 1999 · All S&P 500 changes
In the Nasdaq-100 since: before 2007 · All Nasdaq-100 changes
Analyst coverage: 12 open price targets from 9 firms: Cantor Fitzgerald, UBS, Baird, Barclays, Benchmark, Bernstein, Morgan Stanley, Rosenblatt Securities, StoneX Approved targets tracked here; see the analyst section below

Qualcomm (QCOM) is trading up at $173.53 (+0.83%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.

Analyst price targets on QCOM

Current price targets from 9 firms average $235, median $231, ranging from $165 to $400 — the average is 35% above the current $174. Each is tracked to its date and scored the same way a member's call is.

StoneX $188 → $270 by Sep 2027 Buy Sep 15, 2026 via TipRanks · StoneX's track record
Barclays $176 → $180 by Sep 2027 Underweight Sep 9, 2026 via Investing.com Canada · Barclays's track record
Bernstein $176 → $165 by Sep 2027 Market Perform Sep 9, 2026 via Investing.com · Bernstein's track record
UBS $152 → $170 by Jul 2027 Neutral Jul 30, 2026 via GuruFocus · UBS's track record
Cantor Fitzgerald $152 → $165 by Jul 2027 Neutral Jul 30, 2026 via Investing.com · Cantor Fitzgerald's track record
Rosenblatt Securities $152 → $235 by Jul 2027 Buy Jul 30, 2026 via Investing.com Canada · Rosenblatt Securities's track record
Baird $152 → $400 by Jul 2027 Outperform Jul 30, 2026 via Investing.com Australia · Baird's track record
Benchmark $170 → $300 by Jul 2027 Buy Jul 27, 2026 via Investing.com Canada · Benchmark's track record
Cantor Fitzgerald $170 → $200 by Jul 2027 Jul 27, 2026 via Investing.com · Cantor Fitzgerald's track record
UBS $174 → $190 by Jul 2027 Neutral Jul 20, 2026 via foreignpolicyjournal.com · UBS's track record
Morgan Stanley $185 → $231 by Jun 2027 Equal Weight Jun 30, 2026 via Yahoo Finance · Morgan Stanley's track record
Cantor Fitzgerald $168 → $150 by May 2027 Neutral May 4, 2026 via Yahoo Finance · Cantor Fitzgerald's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Qualcomm revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Qualcomm annual financial statements
	FY2016Sep 2016	FY2017Sep 2017	FY2018Sep 2018	FY2019Sep 2019	FY2020Sep 2020	FY2021Sep 2021	FY2022Sep 2022	FY2023Sep 2023	FY2024Sep 2024	FY2025Sep 2025
Income statement
Revenue	$23.6B	$22.3B	$22.6B	$24.3B	$23.5B	$33.6B	$44.2B	$35.8B	$39.0B	$44.3B
Growth (year over year)	−6.8%	−5.5%	+1.6%	+7.4%	−3.1%	+42.6%	+31.7%	−19.0%	+8.8%	+13.7%
Gross profit	$13.8B	$12.5B	$12.4B	$15.7B	$14.3B	$19.3B	$25.6B	$20.0B	$21.9B	$24.5B
Gross margin	58.6%	56.0%	54.7%	64.6%	60.7%	57.5%	57.8%	55.7%	56.2%	55.4%
Operating income	$6.50B	$2.58B	$621.0M	$7.67B	$6.25B	$9.79B	$15.9B	$7.79B	$10.1B	$12.4B
Operating margin	27.6%	11.6%	2.7%	31.6%	26.6%	29.2%	35.9%	21.7%	25.8%	27.9%
Net income	$5.71B	$2.44B	−$4.96B	$4.39B	$5.20B	$9.04B	$12.9B	$7.23B	$10.1B	$5.54B
Net margin	24.2%	11.0%	−22.0%	18.1%	22.1%	26.9%	29.3%	20.2%	26.0%	12.5%
EPS (diluted)	$3.81	$1.64	−$3.39	$3.59	$4.52	$7.87	$11.37	$6.42	$8.97	$5.01
Balance sheet
Cash and equivalents	$5.95B	$35.0B	$11.8B	$11.8B	$6.71B	$7.12B	$2.77B	$8.45B	$7.85B	$5.52B
Total assets	$52.4B	$65.5B	$32.7B	$33.0B	$35.6B	$41.2B	$49.0B	$51.0B	$55.2B	$50.1B
Total liabilities	$20.6B	$34.8B	$31.9B	$28.0B	$29.5B	$31.3B	$31.0B	$29.5B	$28.9B	$28.9B
Long-term debt	$10.0B	$19.4B	$15.4B	$13.4B	$15.2B	$13.7B	$13.5B	$14.5B	$13.3B	$14.8B
Shareholders' equity	$31.8B	$30.7B	$807.0M	$4.91B	$6.08B	$9.95B	$18.0B	$21.6B	$26.3B	$21.2B
Cash flow
Operating cash flow	$7.63B	$5.00B	$3.91B	$7.29B	$5.81B	$10.5B	$9.10B	$11.3B	$12.2B	$14.0B
Capital expenditure	$539.0M	$690.0M	$784.0M	$887.0M	$1.41B	$1.89B	$2.26B	$1.45B	$1.04B	$1.19B
Free cash flow	$7.09B	$4.31B	$3.12B	$6.40B	$4.41B	$8.65B	$6.83B	$9.85B	$11.2B	$12.8B
Share buybacks	$3.92B	$1.34B	$22.6B	$1.79B	$2.45B	$3.37B	$3.13B	$2.97B	$4.12B	$8.79B

RevenueNet incomeNet margin (right axis, %)

Qualcomm quarterly financial statements
	Q4 FY24^†Sep 2024	Q1 FY25Dec 2024	Q2 FY25Mar 2025	Q3 FY25Jun 2025	Q4 FY25^†Sep 2025	Q1 FY26Dec 2025	Q2 FY26Mar 2026	Q3 FY26Jun 2026
Income statement
Revenue	$10.2B	$11.7B	$11.0B	$10.4B	$11.3B	$12.3B	$10.6B	$9.95B
Growth (year over year)	+18.7%	+17.5%	+16.9%	+10.3%	+10.0%	+5.0%	−3.5%	−4.0%
Gross profit	$5.78B	$6.51B	$6.04B	$5.76B	$6.24B	$6.68B	$5.70B	$5.28B
Gross margin	56.4%	55.8%	55.0%	55.6%	55.3%	54.6%	53.8%	53.1%
Operating income	$2.58B	$3.56B	$3.12B	$2.76B	$2.92B	$3.37B	$2.31B	$1.63B
Operating margin	25.2%	30.5%	28.4%	26.6%	25.9%	27.5%	21.8%	16.3%
Net income	$2.92B	$3.18B	$2.81B	$2.67B	−$3.12B	$3.00B	$7.37B	$2.00B
Net margin	28.5%	27.3%	25.6%	25.7%	−27.7%	24.5%	69.5%	20.1%
EPS (diluted)	$2.57	$2.83	$2.52	$2.43	−$2.77	$2.78	$6.88	$1.87
Balance sheet
Cash and equivalents	$7.85B	$8.71B	$7.20B	$5.45B	$5.52B	$7.21B	$5.43B	$4.53B
Total assets	$55.2B	$55.6B	$55.4B	$54.9B	$50.1B	$53.0B	$57.1B	$57.4B
Total liabilities	$28.9B	$28.7B	$27.6B	$27.7B	$28.9B	$30.0B	$29.9B	$29.7B
Long-term debt	$13.3B	$13.2B	$13.3B	$14.8B	$14.8B	$14.8B	$14.8B	$12.8B
Shareholders' equity	$26.3B	$26.9B	$27.7B	$27.2B	$21.2B	$23.1B	$27.3B	$27.7B
Cash flow
Operating cash flow	$2.65B	$4.59B	$2.55B	$2.88B	$4.00B	$4.96B	$2.45B	$991.0M
Capital expenditure	$256.0M	$277.0M	$214.0M	$294.0M	$407.0M	$549.0M	$533.0M	$496.0M
Free cash flow	$2.39B	$4.31B	$2.34B	$2.58B	$3.59B	$4.42B	$1.92B	$495.0M
Share buybacks	$1.30B	$1.75B	$1.75B	$2.85B	$2.44B	$2.65B	$2.79B	$1.36B

From Qualcomm's 10-K and 10-Q filings with the SEC; its fiscal year ends in September. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Qualcomm vs the Information Technology sector and the S&P 500

Qualcomm's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Qualcomm compared with the median Information Technology company and the median S&P 500 company
Measure	Qualcomm	Information Technology (75 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+13.7%	+13.8%	+7.0%
Net margin, latest fiscal year	12.5%	17.4%	13.0%
Dividend per share, latest fiscal year	$3.48	$1.82	$2.40
Share price change, 1 year	+3.9%	+14.8%	+5.9%

Qualcomm: fiscal year ended September 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Qualcomm included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Qualcomm

Qualcomm Incorporated is an American multinational technology corporation headquartered in San Diego, California. The company develops and designs technologies for global communications and computing, including next-generation mobile networks, smart devices, and semiconductors — such as mobile processors and artificial intelligence chips. The company holds essential patents for global mobile communication standards including 5G, 4G, CDMA2000, TD-SCDMA and WCDMA.

Source: Wikipedia — Qualcomm