Qualcomm (QCOM) stock
Information Technology · Semiconductors
Qualcomm (QCOM) is a Semiconductors company in the Information Technology sector, headquartered in San Diego, California. As of October 23, 2026, QCOM closed at $175.91, a market capitalization of $187.84 billion, the 61st largest company in the S&P 500. Over the last twelve months it generated $44.07 billion in revenue (-4% year over year) and $10.42 billion in free cash flow. The stock trades at 20.4x trailing earnings and 17.3x forward earnings.
- 1-year total return: +5.6% (dividends reinvested)
- 5-year return: +8.3% a year
- 52-week range: $121.99 – $259.92
- Gross margin 54.2%, operating margin 18.5%
- Dividend yield: 2.09%, 22 straight years of increases
- FI Handbook report card: B across 10 metrics
- 23rd largest of 75 Information Technology stocks in the S&P 500
QCOM price chart
1Y price change: +3.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| QCOM | -10.8% | +4.4% | +5.6% | +19.9% | +8.3% | +13.0% | +19.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1991.
QCOM key statistics
- Market cap
- $187.8B
- #61 in S&P 500
- P/E (TTM)
- 20.4x
- Forward P/E
- 17.3x
- EPS (TTM)
- $8.64
- Revenue (TTM)
- $44.1B
- -4%
- Free cash flow
- $10.4B
- Gross margin
- 54.2%
- Operating margin
- 18.5%
- Return on equity
- 33.8%
- Dividend yield
- 2.09%
- 52-week range
- $121.99 – $259.92
- Beta
- 1.65
- Price / sales
- 4.3x
- EV / EBITDA
- 16.0x
- Debt / equity
- 0.55x
- Employees
- 52,000
QCOM report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-4.0%F
- Gross margin54.2%B
- Operating margin18.5%C
- FCF margin23.6%B
- Return on equity33.8%A
- Net debt / EBITDA0.6xB
- Forward P/E17.3xB
- PEG ratio0.9xA
- Shareholder yield6.8%A
- Share count change / yr-0.8%B
QUALCOMM financials
Revenue went from $23.6B in fiscal 2016 to $44.3B in fiscal 2025, growing 7.3% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.6B | $22.3B | $22.6B | $24.3B | $23.5B | $33.6B | $44.2B | $35.8B | $39.0B | $44.3B |
| Gross profit | $13.8B | $12.5B | $12.4B | $15.7B | $14.3B | $19.3B | $25.6B | $20.0B | $21.9B | $24.5B |
| Operating income | $6.5B | $2.6B | $621.0M | $7.7B | $6.3B | $9.8B | $15.9B | $7.8B | $10.1B | $12.4B |
| Net income | $5.7B | $2.4B | -$5.0B | $4.4B | $5.2B | $9.0B | $12.9B | $7.2B | $10.1B | $5.5B |
| EPS (diluted) | $3.81 | $1.64 | $-3.39 | $3.59 | $4.52 | $7.87 | $11.37 | $6.42 | $8.97 | $5.01 |
| Free cash flow | $7.1B | $4.3B | $3.1B | $6.4B | $4.4B | $8.6B | $6.8B | $9.8B | $11.2B | $12.8B |
| Buybacks | $3.9B | $1.3B | $22.6B | $1.8B | $2.5B | $3.4B | $3.1B | $3.0B | $4.1B | $8.8B |
| Diluted shares | 1.5B | 1.5B | 1.5B | 1.2B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into QCOM?
A reverse DCF asks what growth the current price requires. With an enterprise value of $194.8B and $10.4B of trailing free cash flow, QUALCOMM needs to grow free cash flow about 8.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 23.8% a year over the last five years.
P/E ratio history
Current 35.1x vs. median 21.8x (10th–90th percentile 14.0x–36.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
QCOM dividend
- Dividend yield
- 2.09%
- Annual dividend
- $3.68
- Years of increases
- 22
- 5-yr dividend growth
- 6.5%
- per year
- Payout ratio
- 42%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
QCOM earnings
Next report: November 4, 2026. Last quarter's revenue was $9.9B (-4% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $2.23 | $2.21 | -0.7% |
| Apr 29, 2026 | $2.56 | $2.65 | +3.3% |
| Feb 4, 2026 | $3.40 | $3.50 | +2.9% |
| Nov 5, 2025 | $2.88 | $3.00 | +4.3% |
| Jul 30, 2025 | $2.71 | $2.77 | +2.0% |
| Apr 30, 2025 | $2.82 | $2.85 | +1.2% |
| Feb 5, 2025 | $2.99 | $3.41 | +14.2% |
| Nov 6, 2024 | $2.57 | $2.69 | +4.7% |
Stocks like QCOM
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AVGO Broadcom | -0.48% | -6% | $1.5T | 42.9x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 AMD Advanced Micro Devices | +1.74% | +120% | $843.6B | 131.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 TXN Texas Instruments | +1.86% | +70% | $260.0B | 36.9x | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 ADI Analog Devices | +1.38% | +63% | $189.5B | 46.4x | Compare |
QCOM news
- How Investors May Respond To Qualcomm Stock Earnings Outlook Concerns · Oct 25, 2026
- QUALCOMM’s Quarterly Earnings Preview: What You Need to Know · Oct 24, 2026
- Qualcomm May Be Preparing Another Round of Job Cuts Next Month. Here’s What to Know. · Oct 23, 2026
- 1 large-cap stock to keep an eye on and 2 we brush off · Oct 23, 2026
- Prediction: This Chip Stock Could Be a Sleeper AI Winner · Oct 23, 2026
QCOM stock FAQ
What is QCOM's market cap?
Qualcomm's market capitalization is $187.84 billion as of October 23, 2026, ranking 61st in the S&P 500.
What is QCOM's P/E ratio?
QCOM trades at a trailing price-to-earnings ratio of 20.4x and a forward P/E of 17.3x. Its median P/E over the period we track is 21.8x.
Does QCOM pay a dividend?
Yes. Qualcomm pays $3.68 per share a year, a 2.09% yield. It has raised its dividend 22 years in a row. Dividends grew 6.5% a year over the last five years.
How much has QCOM stock returned?
Including reinvested dividends, QCOM returned +5.6% over one year, +8.3% a year over five years, +13.0% a year over ten years through October 23, 2026.
Is QCOM stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Qualcomm must grow free cash flow about 9% a year for the next decade. Its free cash flow grew 24% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does QCOM report earnings?
Qualcomm is expected to report earnings on November 4, 2026.
How many employees does Qualcomm have?
Qualcomm has about 52,000 full-time employees, or $847,481 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology