Qualcomm (QCOM) is trading down at $176.60 (-2.45%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Current price targets from 6 firms average $250, median $233, ranging from $165 to $400 — the average is 42% above the current $177. Each is tracked to its date and scored the same way a member's call is.
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.
| 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 |
| 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. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
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.