Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026
Basics
Sector
Technology
Industry
Semiconductors
Country
United States
Market cap
175.6B USD
Enterprise value
185.7B USD
Full-time employees
52,000
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:growing more slowly than most peersgrowing more slowly than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.65 vs a peer median of 0.87)higher risk: bigger price swings (beta 1.65 vs peers 0.87)
Ranks #620 of 1,612 technology companies (top 39%)
Since FY Sep 2022, QUALCOMM's revenue changed +0.2% while operating profit fell 22%: costs rose faster than sales.
Share count shrinking. Shares outstanding down 6.3% from September 2022 to July 2026.
QUALCOMM had 6.3% fewer shares at July 2026 than at September 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 112% of reported profit.
QUALCOMM's free cash flow is 112% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins.Operating margin 23% (12 months to Jun 2026) vs a peer median of 6.3%.Operating margin 23% vs peers 6.3%.
QUALCOMM keeps 23% of revenue as operating profit, more than 89% of peers (median 6.3%).
StockQuotient Score
56/ 100▲ 1 since Oct 27 closeOct 5 55 → Nov 4 56 (+1)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 70 → 73
Share price -10.7%+4
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about QUALCOMM
Is QUALCOMM getting weaker?
Its latest SEC filing (Jul 29, 2026) got weaker in some ways: operating margin fell 2.3 points to 23.2%. Its overall score is 56/100, up 1 since Oct 28, 2026.
How is QUALCOMM valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 73/100 against 1,711 technology peers.Earnings yield 5.4% vs a peer median of 2.2% (stronger than 78% of peers).Earnings yield 5.4% vs peers 2.2% (stronger than 78% of peers).
Is QUALCOMM growing?
More slowly than most of its peers. Growth scores 32/100 against 1,711 technology peers.Earnings per share growth -17.8% vs a peer median of 11.1% (weaker than 75% of peers).Earnings per share growth -17.8% vs peers 11.1% (weaker than 75% of peers).
How profitable is QUALCOMM?
More profitable than most of its peers. Profitability scores 91/100 against 1,711 technology peers.Return on assets 16.1% vs a peer median of 2.9% (stronger than 94% of peers).Return on assets 16.1% vs peers 2.9% (stronger than 94% of peers).
How risky is QUALCOMM?
Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings.Beta 1.65 vs a peer median of 0.87 (weaker than 87% of peers).Beta 1.65 vs peers 0.87 (weaker than 87% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 28, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 29, 2026
Got weaker
Operating margin fell 2.3 points to 23.2%
Previous quarter
Latest quarter
Change
Revenue (12 months)
44.5B USD
44.1B USD
−0.9%
Net income (12 months)
9.9B USD
9.3B USD
−6.7%
Operating margin
25.5%
23.2%
−2.3 pts
Free cash flow (12 months)
12.5B USD
10.4B USD
−16.7%
Debt
14.8B USD
13.3B USD
−10.1%
Cash
5.4B USD
4.5B USD
−16.6%
Shares outstanding
1.05B
1.05B
−0.4%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Semiconductors · 41 companies
Valuations in Semiconductors are near the top of their range since 2016.
94% of months since 2016 were valued lower than now.
73% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +53% and earnings −2% (medians): prices rose faster than earnings.
Median price-to-sales is +324% vs the whole market, against a usual +98%.
2016Shaded: most expensive fifth of its range2026
QUALCOMM looks cheaper than most of its peers on our valuation measures, while the Semiconductors industry as a whole is valued high by its own standards since 2016. Both can be true at once.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY Sep 2021
FY Sep 2022
FY Sep 2023
FY Sep 2024
FY Sep 2025
Change
Gross margin
57.5%
57.8%
55.7%
56.2%
55.4%
▼ 0.8 pts
Operating margin
29.2%
35.9%
21.7%
25.8%
27.9%
▲ 2.1 pts
Net margin
26.9%
29.3%
20.2%
26.0%
12.5%
▼ 14 pts
Return on assets (ROA)
21.9%
26.4%
14.2%
18.4%
11.1%
▼ 7.3 pts
Return on equity (ROE)
90.9%
71.8%
33.5%
38.6%
26.1%
▼ 12 pts
Free cash flow margin
25.8%
15.5%
27.5%
28.6%
28.9%
▲ 0.3 pts
Current ratio
1.68×
1.75×
2.33×
2.40×
2.82×
▲ 17%
Quick ratio
1.41×
1.21×
1.67×
1.79×
2.10×
▲ 17%
Debt to equity
1.58×
0.86×
0.71×
0.56×
0.70×
▲ 25%
Interest coverage
17.51×
32.37×
11.22×
14.45×
18.61×
▲ 29%
QCOM price history
Price history is added with the daily price update and will appear after the next one.