Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
QUALCOMM Incorporated's quarterly P/E stands at 15.7x, up 13.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 27.6% YoY to 14.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.42 | 15.72 | — | 16.31 | 15.15 | 13.89 | 16.48 | 28.26 | 20.64 | 14.58 | 21.03 | 17.72 | 20.52 |
| — | +13.2% | — | -42.3% | -26.6% | -4.7% | -21.7% | +59.5% | +0.6% | +4.2% | +88.4% | +86.4% | +33.5% | |
| P/S Ratio | 3.45 | 3.85 | 4.15 | 4.20 | 3.88 | 3.78 | 4.69 | 6.41 | 5.12 | 4.07 | 3.62 | 3.77 | 3.78 |
| — | +1.8% | -11.6% | -34.5% | -24.2% | -7.1% | +29.6% | +70.1% | +35.5% | +22.9% | +29.1% | +16.3% | -6.4% | |
| P/B Ratio | 7.42 | 8.17 | 8.82 | 6.40 | 6.14 | 6.56 | 7.31 | 9.77 | 7.86 | 7.01 | 5.79 | 6.17 | 7.11 |
| — | +24.6% | +20.6% | -34.5% | -21.8% | -6.4% | +26.3% | +58.4% | +10.4% | +5.2% | -18.4% | -30.2% | -47.4% | |
| P/FCF | 11.93 | 10.68 | 13.02 | 16.88 | 18.19 | 10.23 | 20.09 | 22.61 | 14.26 | 14.78 | 8.23 | 13.56 | 34.89 |
| — | +4.3% | -35.2% | -25.4% | +27.6% | -30.8% | +144.2% | +66.8% | -59.1% | +27.2% | -79.1% | -10.5% | +71.0% | |
| EV / EBITDA | 11.57 | 14.57 | 14.86 | 13.58 | 13.47 | 11.42 | 16.53 | 23.47 | 18.03 | 12.56 | 17.70 | 14.86 | 14.90 |
| — | +27.6% | -10.1% | -42.1% | -25.3% | -9.1% | -6.6% | +57.9% | +21.0% | +4.7% | +108.5% | +88.6% | +35.5% | |
| EV / EBIT | 13.07 | 14.57 | 15.56 | 14.71 | 15.10 | 12.00 | 17.99 | 26.98 | 21.20 | 14.57 | 20.80 | 18.77 | 18.39 |
| — | +21.5% | -13.5% | -45.5% | -28.8% | -17.7% | -13.5% | +43.8% | +15.3% | +7.8% | +116.1% | +65.6% | +50.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
QUALCOMM Incorporated's operating margin was 27.5% in Q1 2026, up 1.6 pp QoQ and down 3.0 pp YoY.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.4% | 54.6% | 55.3% | 55.6% | 55.0% | 55.8% | 56.4% | 55.6% | 56.3% | 56.6% | 55.0% | 55.1% | 55.2% |
| — | -2.2% | -1.9% | -0.0% | -2.2% | -1.5% | +2.4% | +0.8% | +1.9% | -1.2% | -3.9% | -1.5% | -5.4% | |
| Operating Margin | 27.9% | 27.5% | 25.9% | 26.6% | 28.4% | 30.5% | 25.2% | 23.6% | 24.9% | 29.5% | 16.3% | 21.6% | 22.5% |
| — | -9.8% | +2.7% | +12.7% | +14.0% | +3.4% | +54.3% | +9.6% | +10.6% | +13.1% | -49.2% | -47.2% | -34.8% | |
| Net Margin | 12.5% | 24.5% | -27.7% | 25.7% | 25.6% | 27.3% | 28.5% | 22.7% | 24.8% | 27.9% | 17.3% | 21.3% | 18.4% |
| — | -10.0% | -197.0% | +13.5% | +3.4% | -2.2% | +65.1% | +6.2% | +34.8% | +17.9% | -31.5% | -37.4% | -30.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.3% | 13.6% | -12.9% | 9.7% | 10.3% | 12.0% | 11.5% | 8.7% | 9.8% | 12.4% | 7.1% | 8.9% | 8.9% |
| — | +13.4% | -212.3% | +12.0% | +5.2% | -3.5% | +62.5% | -3.0% | +10.6% | +2.1% | -58.2% | -64.8% | -62.8% | |
| ROA | 10.5% | 5.8% | -5.9% | 4.8% | 5.1% | 5.7% | 5.4% | 4.0% | 4.4% | 5.4% | 3.0% | 3.7% | 3.5% |
| — | +1.4% | -209.7% | +20.3% | +14.7% | +7.1% | +81.7% | +8.6% | +27.5% | +18.8% | -50.2% | -54.7% | -48.6% | |
| ROIC | 29.1% | 8.4% | 6.6% | 5.8% | 6.9% | 8.0% | 5.9% | 5.4% | 5.7% | 7.4% | 3.6% | 4.4% | 5.0% |
| — | +4.4% | +11.4% | +7.8% | +20.0% | +8.6% | +66.0% | +22.0% | +15.6% | +24.1% | -60.8% | -66.8% | -63.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
QUALCOMM Incorporated's Debt/EBITDA ratio is 4.4x, down from 5.0x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.64 | 0.77 | 0.54 | 0.53 | 0.54 | 0.59 | 0.59 | 0.63 | 0.67 | 0.74 | 0.75 | 0.81 |
| — | +18.4% | +31.4% | -7.9% | -16.5% | -19.2% | -21.1% | -21.0% | -22.2% | -25.2% | -17.0% | -22.9% | -31.0% | |
| Debt / EBITDA | 1.17 | 4.40 | 4.98 | 4.38 | 4.43 | 3.65 | 5.11 | 5.51 | 5.62 | 4.60 | 8.58 | 6.71 | 6.24 |
| — | +20.5% | -2.6% | -20.6% | -21.1% | -20.6% | -40.5% | -17.8% | -10.0% | -22.0% | +120.7% | +111.9% | +70.7% | |
| Current Ratio | 2.82 | 2.51 | 2.82 | 3.19 | 2.73 | 2.62 | 2.40 | 2.39 | 2.65 | 2.56 | 2.33 | 2.42 | 2.42 |
| — | -4.3% | +17.3% | +33.4% | +3.1% | +2.4% | +3.0% | -1.1% | +9.3% | +22.1% | +33.6% | +50.6% | +50.7% | |
| Quick Ratio | 1.94 | 1.83 | 1.94 | 2.38 | 2.08 | 1.99 | 1.79 | 1.78 | 1.98 | 1.88 | 1.62 | 1.64 | 1.55 |
| — | -8.0% | +8.3% | +34.1% | +5.0% | +5.9% | +10.2% | +8.5% | +27.8% | +33.4% | +34.0% | +42.5% | +22.3% | |
| Interest Coverage | 18.61 | 19.92 | 17.16 | 16.44 | 19.14 | 21.81 | 14.34 | 13.22 | 13.60 | 16.45 | 8.15 | 10.60 | 11.68 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonQUALCOMM Incorporated's current P/E is 28.4x. The average P/E over the last 3 quarters is 15.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
QUALCOMM Incorporated's current operating margin is 27.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking QUALCOMM Incorporated's business trajectory between earnings reports.