QUALCOMM's growth has decelerated sharply, with revenue contracting 4.0% year-over-year in 2026Q3, while gross margins have compressed 330 basis points from 56.4% in 2024Q4 to 53.1%, driven by rising memory costs and a richer mix of lower-margin hardware. The ...
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Revenue growth has decelerated from 18.7% in 2024Q4 to -4.0% in 2026Q3, while gross margin contracted 330 basis points to 53.1%, reflecting rising memory costs and a lower-margin product mix.
Qualcomm has secured a 'leading hyperscaler' as a client for custom silicon, with shipments expected to begin in Q4 2026, validating its competitive position in the data center market.
The automotive business has reached a $5 billion annualized run rate, while the IoT segment, including AI laptops, is also showing growth.
Qualcomm's Snapdragon platforms are positioned as key growth drivers for on-device and edge AI across smartphones, PCs, and IoT devices.
Qualcomm faces challenges in the smartphone market, including a global DRAM shortage and a decreasing percentage of iPhones supplied with its modems, expected to be none by 2027.
Tensions between the US and China could negatively impact Qualcomm's addressable markets and licensing revenue.
Increased competition from hyperscalers integrating their own silicon may pressure Qualcomm's margins.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $2.21-0.9% vs $2.23 | $9.9B+2.6% vs $9.7B |
Q2 2026 Apr 29, 2026 | $2.65+3.5% vs $2.56 | $10.6B+0.1% vs $10.6B |
Q1 2026 Feb 4, 2026 | $3.50+3.2% vs $3.39 | $12.3B+1.1% vs $12.1B |
Q4 2025 Nov 5, 2025 | $3.00+4.5% vs $2.87 | $11.3B+4.7% vs $10.8B |
Qualcomm announced its newest Android phone chipsets called Snapdragon 8 Elite Gen 6. The launch comes as the broader smartphone industry contracts due to skyrocketing memory prices.
Qualcomm today announced two flagship smartphone processors, called Snapdragon 8 Elite Gen 6 and Snapdragon 8 Elite Extreme Gen 6, with a focus on facilitating better AI-focused features.
Ever since August started and halted the downturn, Qualcomm (NASDAQ: QCOM) shareholders have had a lot to be pleased about, and later this week, they can expect another boon from the company in the form of its stock dividend payment.
An AI interconnect demonstration by Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) and two optical infrastructure partners has broadened the chipmaker's story past its long-standing handset business, and the market is repricing that shift. Qualcomm stock is up 7% to $190.
Benchmark QCOM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for QUALCOMM Incorporated (QCOM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $198.27 | $208.18B | 39.57 | 13.66% | 12.51% | 23.34% | 1.74% | |
| $364.54 | $1.73T | 76.42 | 23.87% | 41.87% | 44.01% | — | |
| $262.36 | $229.51B | 85.46 | 42.09% | 27.93% | 16.22% | — | |
| $89.96 | $13.54B | 29.21 | -2.18% | 7.23% | 5.04% | — | |
| $118.44 | $10.45B | 32.72 | -1.09% | 10.95% | 11.39% | — | |
| $75.82 | $41.17B | 291.62 | 7.08% | 8.8% | 6.9% | — |
QUALCOMM Incorporated (QCOM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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QUALCOMM Incorporated (QCOM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 29, 2026·SEC
Jun 24, 2026·SEC
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QUALCOMM Incorporated (QCOM) stock FAQ — growth, dividends, profitability & financials explained
QUALCOMM Incorporated (QCOM) reported $44.07B in revenue for fiscal year 2025. This represents a 5315% increase from $813.9M in 1996.
QUALCOMM Incorporated (QCOM) grew revenue by 13.7% over the past year. This is steady growth.
Yes, QUALCOMM Incorporated (QCOM) is profitable, generating $9.26B in net income for fiscal year 2025 (12.5% net margin).
Yes, QUALCOMM Incorporated (QCOM) pays a dividend with a yield of 1.74%. This makes it attractive for income-focused investors.
QUALCOMM Incorporated (QCOM) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.
QUALCOMM Incorporated (QCOM) generated $10.42B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
