DailyIQ
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Sector:TechnologyAll sectors
Last updated 11 minutes ago

QCOM·QUALCOMM Incorporated

$.
-. (-.%)
High
$254.20
Open
$245.43
Market Cap
262.26B
52W High
$258.00
Low
$230.50
P. Close
$248.82
P/E
26.43
52W Low
$121.99
Fwd P/E
23.39
Mean Target
$177.81
Technical Score (1D)
100
BUY
News Sentiment
84
BULLISH
Qualcomm has reportedly secured a significant deal to supply millions of AI chips to ByteDance, the parent company of TikTok, marking a major entry into the AI data center accelerator market. This agreement, which involves specialized ASICs to support ByteDance's AI agent software, represents a strategic expansion for Qualcomm beyond its traditional smartphone processor business into AI infrastructure. The news has driven Qualcomm's stock to record highs, validating its diversification strategy and the growing demand for specialized AI hardware. This development follows broader market trends where semiconductor stocks have been leading the S&P 500 to new highs, indicating strong investor sentiment towards the technology hardware sector. While ByteDance's reported potential capital expenditure of up to $70 billion in AI infrastructure further underscores the immense growth in this area, it's important to note that this specific investment doesn't directly name Qualcomm. Looking ahead, Qualcomm's expansion into the automotive hypervisor market, projected to exceed $1.51 billion by 2031, also highlights its strategic pivot into high-growth technology segments beyond mobile. Investors will be watching for further details on the scale and impact of the ByteDance deal and continued progress in Qualcomm's automotive and IoT chip offerings.
Earnings Summary
QUALCOMM Incorporated is a global technology leader specializing in wireless technologies, designing and supplying integrated circuits for mobile devices, automotive systems, and the Internet of Things (IoT) through its Qualcomm CDMA Technologies (QCT) segment. The company also generates revenue from licensing its intellectual property portfolio, including essential 3G, 4G, and 5G patents, via its Qualcomm Technology Licensing (QTL) segment, and strategically invests in future growth areas through Qualcomm Strategic Initiatives (QSI). As a key player in the semiconductors industry, QUALCOMM is integral to the evolution of wireless communication. In its most recent reported quarters, QCOM demonstrated a mixed performance. For Q2 2026, the company reported actual EPS of $2.65 against an estimate of $2.61, indicating a slight beat, while revenue was $10.599 billion against an estimate of $10.805 billion, a revenue miss. This followed Q3 2026 where actual EPS was not provided, but revenue was estimated at $9.848 billion. Prior to this, Q1 2026 saw actual EPS not provided against an estimate of $3.47, with revenue estimated at $12.449 billion. Looking at the prior year's comparable periods, Q4 2024 saw actual EPS of $3.41 against an estimate of $2.99, a beat, and Q1 2025 had actual EPS of $2.85 against an estimate of $2.82, also a beat. The company has shown a pattern of beating EPS estimates in recent quarters, though revenue performance has been more varied. Investors should watch for continued progress on Qualcomm's data center processor shipments to hyperscalers, which signals potential AI-related demand growth, and the market reception of its newly launched Snapdragon mobile platforms. The company's ability to navigate the increasingly robust Arm ecosystem and its impact on Qualcomm's Snapdragon platform will also be a key focus. Recent news highlights positive developments including analyst upgrades following strong fiscal second-quarter results and news of data center processor shipments, alongside the launch of new AI-focused mobile platforms, suggesting a positive trajectory for future growth.

EPS

EstBeatMiss
$2.48$2.76$3.04$3.32$3.60Q4'24Q1'25Q2'25Q3'25Q2'26Q1'26
QtrEstActual+/−
Q1'26$3.47 - -
Q2'26$2.61$2.65+1.5%
Q3'25$2.88$3.00+4.3%
Q2'25$2.71$2.77+2.1%
Q1'25$2.82$2.85+1.2%
Q4'24$2.99$3.41+14.2%

Revenue

EstBeatMiss
$10.1B$10.7B$11.4B$12.1B$12.8BQ4'24Q1'25Q2'25Q3'25Q2'26Q1'26
QtrEstActual+/−
Q1'26$12.4B - -
Q2'26$10.8B$10.6B-1.9%
Q3'25 - $11.3B -
Q2'25 - $10.4B -
Q1'25 - $10.8B -
Q4'24 - $11.7B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

QCOM Stock Snapshot

QCOM is currently trading at $231.84, giving QUALCOMM Incorporated a market cap of 262.26B and a P/E ratio of 26.4. Today's range spans $230.50–$254.20, with shares opening at $245.43 and moving down $16.98 (6.8%) from the prior close. DailyIQ's technical score sits at 100/100 (BUY) with a news sentiment reading of 84/100.

Over the past year QCOM has traded between $121.99 and $258.00 - the current price is +90.0% off the 52-week low and -10.1% from the high. 49 analysts cover the stock with a Hold consensus and a mean 12-month target of $177.81 (range $100.00–$300.00), implying downside of -23.3%.

If you're looking for bullish momentum in Technology, QCOM is putting up the numbers: 100/100 technical score, BUY signal, bullish sentiment at 84/100. Price: $231.84 (in the upper portion of its 52-week range). (P/E: 26.4) The 262.26B market cap keeps it in play for institutional position sizes, and the $121.99–$258.00 annual range shows this stock can make real moves when it gets directional conviction behind it.

The combination of a BUY signal (100/100) and bullish news sentiment (84/100) puts QCOM on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 262.26B in Technology market cap without immediately moving the stock. At $231.84 (in the upper portion of its 52-week range in the $121.99–$258.00 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.