Qualcomm
Designs Snapdragon computing platforms and licenses cellular patents across devices and vehicles.
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Profile
Sells Snapdragon and Dragonwing chips and software for phones, PCs, vehicles, connected devices, networking, and data centers, while licensing cellular patents through QTL. A fabless supply chain and handset-heavy customer base leave revenue concentrated among a few device makers and in China.
Designs Snapdragon and Dragonwing chips and system software for Android phones, PCs, connected devices, networks, and vehicles. QCT reuses low-power computing, wireless, and on-device AI technologies across mobile, automotive, IoT, and data centers; QTL licenses cellular and related patents, while QSI makes strategic investments.
Operates mainly through a fabless model, relying on a small group of Asian foundries while retaining some radio-frequency manufacturing. Handsets remain the core commercial base as automotive, industrial, edge, and acquired data-center products broaden the portfolio. Revenue is concentrated among major device makers and in China; Apple is replacing Qualcomm modems in some phones, while licensing depends on device sales, patent renewals, and legal and regulatory outcomes.
Company facts
Key statistics
Year to date −5.1% · Average volume (30d) 10.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | Evercore ISI | Target | $179 | $159 | |
| Jul 30, 2026 | RBC Capital | Reiterate | Sector Perform | $250 | $160 |
| Jul 30, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $220 | $165 |
| Jul 30, 2026 | Bernstein | Target | $235 | $165 | |
| Jul 30, 2026 | Goldman Sachs | Target | $180 | $160 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q3 FY26 | $2.23 | $2.21 | −0.9% | $9.69B | $9.95B | +2.6% | −2.62% |
| Apr 29, 2026Q2 FY26 | $2.56 | $2.65 | +3.5% | $10.59B | $10.60B | +0.1% | +15.12% |
| Feb 4, 2026Q1 FY26 | $3.39 | $3.50 | +3.2% | $12.12B | $12.25B | +1.1% | −8.46% |
| Nov 5, 2025Q4 FY25 | $2.87 | $3.00 | +4.5% | $10.77B | $11.27B | +4.7% | −3.63% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.98B | $10.37B | $11.27B | $12.25B | $10.60B | $9.95B | |
| Gross profit | $6.04B | $5.76B | $6.24B | $6.68B | $5.70B | $5.28B | |
| Operating income | $3.12B | $2.76B | $2.92B | $3.37B | $2.31B | $1.63B | |
| Net income | $2.81B | $2.67B | −$3.12B | $3.00B | $7.37B | $2.00B | |
| Diluted EPS | $2.52 | $2.43 | −$2.77 | $2.78 | $6.88 | $1.87 | |
| Gross margin | 55.0% | 55.6% | 55.3% | 54.6% | 53.8% | 53.1% | |
| Operating margin | 28.4% | 26.6% | 25.9% | 27.5% | 21.8% | 16.3% |
Fiscal years (4-quarter sums)FY21 $33.57B · FY22 $44.20B · FY23 $35.82B · FY24 $38.96B · FY25 $44.28B
Revenue by product · Q3 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $8.30B · Total debt $15.27B · Total assets $57.37B · Shareholders' equity $27.66B
Dividends
Raised for 22 straight years — most recently to $0.92 from $0.89 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 4, 2026 | Jun 4 | Jun 25 | $0.92 | raised from $0.89 |
| Mar 5, 2026 | Mar 5 | Mar 26 | $0.89 | |
| Dec 4, 2025 | Dec 4 | Dec 18 | $0.89 | |
| Sep 4, 2025 | Sep 4 | Sep 25 | $0.89 | |
| Jun 5, 2025 | Jun 5 | Jun 26 | $0.89 | raised from $0.85 |
| Mar 6, 2025 | Mar 6 | Mar 27 | $0.85 | |
| Dec 5, 2024 | Dec 5 | Dec 19 | $0.85 | |
| Sep 5, 2024 | Sep 5 | Sep 26 | $0.85 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.05B · Float 1.05B · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 95.15M | 9.06% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 68.84M | 6.56% | 13F | Aug 13, 2026 |
| State Street Corporation | 52.82M | 5.00% | 13G | Aug 7, 2026 |
| Invesco Ltd. | 36.10M | 3.44% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 33.85M | 3.22% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Patricia Y. Grech | officer: SVP, Chief Accounting Officer | −625 | $162.85 |
| Aug 12, 2026 | Akash J. Palkhiwala | officer: EVP, CFO & COO | −2,500 | $163.26 |
| Aug 3, 2026 | Heather S. Ace | officer: EVP, Chief HR Officer | −3,200 | $147.04 |
| Jul 14, 2026 | Akash J. Palkhiwala | officer: EVP, CFO & COO | −2,500 | $180.81 |
| Jun 11, 2026 | Akash J. Palkhiwala | officer: EVP, CFO & COO | −2,500 | $197.35 |
Peers
- Apple
In-house 5G modems on track to fully replace Qualcomm in iPhones by 2027.
- Nvidia
GPU/AI leader; DRIVE Orin/Thor contests Snapdragon in automotive and inference.
- Broadcom
Connectivity and networking giant; rivals Qualcomm in Wi-Fi, RF, and ASIC.
- Mobileye
ADAS SoC market leader with 50–60% share; EyeQ chips in 150M+ vehicles.
- NXP Semiconductors
Largest automotive MCU supplier; competes with Snapdragon in vehicle domain/IoT.
- Skyworks Solutions
RF front-end specialist; Sky5 modules rival Qualcomm RF360 in mobile and IoT.
- Qorvo
RF semiconductor maker; BAW filters and modules rival Qualcomm RF360 in mobile.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Qualcomm | $164.28 | +0.07% | $172.40B | 18.7 | 17.7 | 3.9 | −4.0% |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| Nvidia | $217.88 | +0.15% | $5.27T | 27.5 | 19.6 | 17.4 | +105.9% |
| Broadcom | $369.12 | +0.12% | $1.75T | 61.5 | 23.5 | 23.2 | +47.9% |
| Mobileye | $8.57 | −0.29% | $7.00B | — | 20.9 | 3.5 | +0.4% |
| NXP Semiconductors | $223.80 | +0.18% | $56.38B | 19.1 | 13.3 | 4.3 | +19.5% |
| Skyworks Solutions | $65.74 | −0.12% | $9.90B | 34.1 | 13.7 | 2.5 | −3.1% |
| Qorvo | $95.63 | +0.97% | $8.36B | 22.0 | 12.2 | 2.3 | −4.2% |
| Median | 30.8 | 19.6 | 4.3 | +16.4% |