Qualcomm (QCOM)
Designs Snapdragon computing platforms and licenses cellular patents across devices and vehicles.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Piper Sandler | Initiate | Rating: —Target: $200 | Target: $190 |
| Jul 30, 2026 | Evercore ISI | Target | Target: $179 | Target: $159 |
| Jul 30, 2026 | RBC Capital | Reiterate | Rating: —Target: $250 | Target: $160 |
| Jul 30, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $220 | Target: $165 |
| Jul 30, 2026 | Bernstein | Target | Target: $235 | Target: $165 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $8.30B · Total debt $15.27B · Total assets $57.37B · Shareholders' equity $27.66B
- Revenue
- $9.95B
- Operating income
- $1.63B
- Net income
- $2.00B
HistoryDividendAnnual yield
| Institutions | 82.15% | 862.52M shares | |
|---|---|---|---|
| 3,181 holders · as of Jun 30, 2026 | |||
| Insiders | 0.08% | 810.5K shares | |
| 22 holders · as of Sep 11, 2026 | |||
| Other | 17.77% | 186.67M shares | |
| remainder | |||
1.05B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.06% | 95.15M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.56% | 68.84M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.03% | 52.76M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.44% | 36.10M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.22% | 33.85M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Akash J. Palkhiwala | officer: EVP, CFO & COO | −2,500 | $182.85 |
| Aug 31, 2026 | Patricia Y. Grech | officer: SVP, Chief Accounting Officer | −208 | $170.00 |
| 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 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Qualcomm | $193.15 | −0.56% | $203.94B | 22.2 | 20.8 | 4.6 | −4.0% |
| Apple | $341.14 | +0.64% | $4.98T | 38.8 | 36.7 | 10.7 | +16.4% |
| Nvidia | $228.39 | +0.44% | $5.51T | 28.7 | 19.0 | 18.2 | +105.9% |
| Broadcom | $362.24 | −0.12% | $1.73T | 46.3 | 20.9 | 19.4 | +85.5% |
| Mobileye | $8.09 | +1.19% | $6.52B | — | 19.6 | 3.2 | +0.4% |
| NXP Semiconductors | $233.26 | +0.36% | $58.61B | 19.8 | 13.9 | 4.4 | +19.5% |
| Skyworks Solutions | $89.96 | +1.37% | $13.35B | 46.0 | 18.8 | 3.3 | −3.1% |
| Qorvo | $118.22 | +0.86% | $10.34B | 27.2 | 15.2 | 2.8 | −4.2% |
| Median | 33.8 | 19.0 | 4.4 | +16.4% |