Q3 Earnings Forecast for QUALCOMM Issued By Zacks Research

QUALCOMM Incorporated (NASDAQ:QCOM) – Zacks Research lifted their Q3 2026 earnings estimates for QUALCOMM in a research note issued on Monday, October 28th. Zacks Research analyst R. Department now expects that the wireless technology company will earn $2.24 per share for the quarter, up from their previous forecast of $2.23. The consensus estimate for QUALCOMM’s current full-year earnings is $8.02 per share.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.21. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%. The company had revenue of $9.39 billion during the quarter, compared to analysts’ expectations of $9.23 billion.

Other equities research analysts have also issued reports about the stock. Rosenblatt Securities lifted their price target on shares of QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of QUALCOMM from $140.00 to $170.00 and gave the stock an “underweight” rating in a research note on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and issued a $205.00 price target (up from $185.00) on shares of QUALCOMM in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on QUALCOMM from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, September 17th. Finally, TD Cowen raised QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $207.92.

QUALCOMM Stock Performance

QUALCOMM stock opened at $162.77 on Wednesday. The stock has a market cap of $181.33 billion, a PE ratio of 21.08, a P/E/G ratio of 1.71 and a beta of 1.28. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. QUALCOMM has a 12-month low of $106.69 and a 12-month high of $230.63. The business’s 50-day moving average price is $168.94 and its two-hundred day moving average price is $181.93.

Institutional Investors Weigh In On QUALCOMM

A number of large investors have recently bought and sold shares of QCOM. Allspring Global Investments Holdings LLC increased its position in QUALCOMM by 44.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 388,122 shares of the wireless technology company’s stock valued at $65,709,000 after buying an additional 120,088 shares in the last quarter. Financial Sense Advisors Inc. raised its position in shares of QUALCOMM by 2.7% during the first quarter. Financial Sense Advisors Inc. now owns 8,399 shares of the wireless technology company’s stock worth $1,422,000 after purchasing an additional 217 shares during the period. Advisor Resource Council lifted its holdings in shares of QUALCOMM by 14.8% in the 1st quarter. Advisor Resource Council now owns 7,360 shares of the wireless technology company’s stock worth $1,246,000 after purchasing an additional 950 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in QUALCOMM by 17.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 26,120 shares of the wireless technology company’s stock valued at $4,422,000 after purchasing an additional 3,872 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its stake in QUALCOMM by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 5,841 shares of the wireless technology company’s stock valued at $989,000 after purchasing an additional 121 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total value of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now owns 32,231 shares of the company’s stock, valued at $5,355,180.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,000 shares of QUALCOMM stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $165.95, for a total transaction of $497,850.00. Following the completion of the sale, the chief financial officer now owns 51,437 shares of the company’s stock, valued at $8,535,970.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,245 shares of company stock worth $2,395,407. Company insiders own 0.08% of the company’s stock.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. QUALCOMM’s dividend payout ratio (DPR) is currently 44.04%.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.