Wall Street analyst estimates for QUALCOMM Incorporated (QCOM): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
QUALCOMM Incorporated is a company dedicated to developing and bringing to market fundamental technologies crucial for the global wireless communication industry. Its operations are structured into three primary segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $43.0B | $42.6B – $43.2B | $10.54 | 18 |
| 2027E | $45.0B | $43.7B – $46.8B | $10.11 | 20 |
| 2028E | $52.2B | $45.0B – $59.1B | $12.97 | 11 |
Fiscal year ending in September · figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 1 |
| Buy | 29 |
| Hold | 34 |
| Sell | 5 |
| Strong Sell | 0 |
| Total analysts | 69 |
| Avg rating (−2 sell to +2 buy) | 0.38 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $2.17 | ||
| 2026-07-29 | $2.21 | $2.23 | -0.9% |
| 2026-04-29 | $2.65 | $2.56 | +3.5% |
| 2026-02-04 | $3.50 | $3.39 | +3.2% |
| 2025-11-05 | $3.00 | $2.87 | +4.5% |
| 2025-07-30 | $2.77 | $2.71 | +2.2% |
| 2025-04-30 | $2.85 | $2.82 | +1.1% |
| 2025-02-05 | $3.41 | $2.96 | +15.2% |
Valuation Ratios
| P/E Ratio | 18.81 |
| Price / Book | 6.30 |
| Dividend Yield | 2.20% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.55B | $22.29B | $22.73B | $24.27B | $23.53B | $33.57B | $44.20B | $35.82B | $38.96B | $44.28B |
| Cost of Revenue | $9.75B | $9.79B | $10.24B | $8.60B | $9.26B | $14.26B | $18.64B | $15.87B | $17.06B | $19.74B |
| Gross Profit | $13.80B | $12.50B | $12.49B | $15.67B | $14.28B | $19.30B | $25.57B | $19.95B | $21.90B | $24.55B |
| Research & Development | $5.15B | $5.49B | $5.62B | $5.40B | $5.97B | $7.18B | $8.19B | $8.82B | $8.89B | $9.04B |
| Selling, General & Admin | $2.38B | $2.66B | $2.99B | $2.19B | $2.07B | $2.34B | $2.57B | $2.48B | $2.76B | $3.11B |
| Operating Expenses | $7.31B | $9.88B | $11.75B | $8.01B | $8.02B | $9.52B | $9.71B | $12.16B | $11.83B | $12.19B |
| Operating Income | $6.50B | $2.58B | $621.0M | $7.67B | $6.25B | $9.79B | $15.86B | $7.79B | $10.07B | $12.36B |
| EBITDA | $8.24B | $4.97B | $5.33B | $9.48B | $7.62B | $12.41B | $17.25B | $9.95B | $12.74B | $14.93B |
| Interest Expense | $297.0M | $494.0M | $768.0M | $627.0M | $602.0M | $559.0M | $490.0M | $694.0M | $697.0M | $664.0M |
| Pre-tax Income | $6.83B | $3.02B | $513.0M | $7.48B | $5.72B | $10.27B | $15.00B | $7.44B | $10.34B | $12.66B |
| Income Tax | $1.13B | $555.0M | $5.38B | $3.10B | $521.0M | $1.23B | $2.01B | $104.0M | $226.0M | $7.12B |
| Net Income | $5.71B | $2.47B | -$4.96B | $4.39B | $5.20B | $9.04B | $12.94B | $7.23B | $10.14B | $5.54B |
| EPS | $3.84 | $1.66 | -$3.32 | $3.62 | $4.58 | $8.00 | $11.52 | $6.47 | $9.09 | $5.06 |
| EPS (Diluted) | $3.81 | $1.64 | -$3.32 | $3.60 | $4.52 | $7.87 | $11.38 | $6.42 | $8.98 | $5.01 |
| Shares Outstanding (Diluted) | 1,498.0 M | 1,490.0 M | 1,463.0 M | 1,220.0 M | 1,149.0 M | 1,149.0 M | 1,137.0 M | 1,126.0 M | 1,130.0 M | 1,105.0 M |
Price
| Price | $164.79 (closing price, October 30, 2026) |
| Market Cap | $176.0B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Semiconductors
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