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Thursday, September 17, 2026Closing data · 4:00 PM ET
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QCOM

QualcommNASDAQ · Semiconductors · Information Technology
Previous close
188.71
Change
+3.87 / +2.09%
FinDog View
Neutral
52-Week Range ?
121.99 – 259.92
P/E (TTM) ?
21.0
Forward P/E ?
14.4
Based on consensus earnings for the next 12 months
Market Cap
$194B
1M
+17.80%
S&P 500 −0.63% over same period
Volume / Avg Volume
12.3M / 13.4M
0.92× average
Latest earnings analysisFY2026 Q3Reported 2026-07-29

Qualcomm Q3 FY2026: revenue falls 4.1%, handset sales slide 20%

Qualcomm's fiscal Q3 was a passing grade, not a strong one: revenue of $9.947 billion fell 4.1% and non-GAAP EPS of $2.21 missed the $2.2724 consensus, yet the top line landed at the high end of guidance. Read the quarter as a handset problem wrapped in a cost problem — automotive and IoT growth is real, but it is not yet big enough to offset a shrinking premium phone market.

Read the full analysis →
Revenue$9.95BYoY −4.00%
EPS (non-GAAP)$2.21Missest. $2.27
Next-quarter revenue guidance$10.10B ±4%YoY +1.50%
Next-day move−2.62%

Price History

Closing price · USD1M6M1Y5Y
1501601701801902026-082026-082026-092026-092026-09

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 20.71M6M1Y5Y
10203040502023-082024-052025-022025-122026-09

Recent Earnings

Click to read the FinDog analysis
PeriodReportedRevenueEPS Actual / Est.Next-Day MoveAnalysis
FY2026 Q3
Quarter ended 2026-06
2026-07-29$9.9B2.21 / 2.27−2.62%Read analysis →
FY2026 Q2
Quarter ended 2026-03
2026-04-29$10.6B2.65 / 2.61+15.12%Pending
FY2026 Q1
Quarter ended 2025-12
2026-02-04$12.3B3.50 / 3.48−8.46%Pending
FY2025 Q4
Quarter ended 2025-09
2025-11-05$44.3B3.00 / 2.93−3.63%Pending
FY2025 Q3
Quarter ended 2025-06
2025-07-30$10.4B2.77 / —−7.73%Pending
FY2025 Q2
Quarter ended 2025-03
2025-04-30$11.0B2.85 / —−8.92%Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →
Report date
2026-10-28est.
in 40 days · Estimated from last year's report date; subject to company confirmation
Consensus EPS
—
Last quarter EPS $2.21
Avg. next-day move over the last 6 reports
±7.7%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data
Valuation
P/E is at percentile 51 of its 5-year rangeMid-range
5-year range 14.6 – 33.9 · Median 20.7
Last 4 quarters: $9.3B in buybacks + $0 in dividends, 4.76% of market cap combined
P/E (TTM)
21.0
P/B
7.0
P/S
4.4
Dividend Yield
2.50%
Earnings Reaction
Over the last 6 reports, the stock moved ±7.7% on average on the first trading day after, rising 1 times
Most recent −2.62%
Guidance Credibility
Of the last 4 next-quarter revenue guides, 3 were met; actual results averaged 1.1% above guidance
Volatility & Correlation
1-year beta 2.02 · Correlation with S&P 500 0.49High beta
Annualized volatility 53% vs. 13% for the S&P 500
Insider Trading
View all →
Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 6 · $1.9MNet selling $1.9M
  • 09-11Palkhiwala Akash J.EVP, CFO & COOSell$0.46M2,500 shares · 9 trades · Avg price 182.85
  • 08-31Grech Patricia YSVP, Chief Accounting OfficerSell$0.04M208 shares · Avg price 170.00
  • 08-21Grech Patricia YSVP, Chief Accounting OfficerSell$0.10M625 shares · Avg price 162.85
  • 08-12Palkhiwala Akash J.EVP, CFO & COOSell$0.41M2,500 shares · 5 trades · Avg price 163.26
  • 08-03ACE HEATHER SEVP, Chief HR OfficerSell$0.47M3,200 shares · Avg price 147.04
  • 07-14Palkhiwala Akash J.EVP, CFO & COOSell$0.45M2,500 shares · 11 trades · Avg price 180.81
Multi-Quarter Financial Trends
View all quarters →
Last 12 quarters · As reported by the company
QuarterRevenue ($B)YoYGross MarginOperating Income ($B)Net Income ($B)Free Cash Flow ($B)EPS
FY2026 Q39.95−4.0%53.1%1.632.000.991.87
FY2026 Q210.60−3.5%53.8%2.317.372.456.88
FY2026 Q112.25+5.0%54.6%3.373.004.972.78
FY2025 Q411.27+10.0%55.3%2.92-3.124.00-2.77
FY2025 Q310.37+10.3%55.6%2.762.672.882.43
FY2025 Q210.98+16.9%55.0%3.122.812.552.52
FY2025 Q111.67+17.5%55.8%3.563.184.592.83
FY2024 Q410.25+18.7%56.4%2.582.922.652.57
FY2024 Q39.39+11.1%55.6%2.222.133.051.88
FY2024 Q29.39+1.2%56.3%2.342.333.552.06
FY2024 Q19.94+5.0%56.6%2.932.772.952.46
FY2023 Q48.63−24.3%55.0%1.411.494.091.32

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →
TickerCompanyMarket CapP/ERevenue YoYGross Margin1MView
QCOMQualcomm$194B21.0−4.0%53.1%+17.80%Neutral
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AVGOBroadcom$1.62T42.3+85.5%69.1%−8.61%BullishCompare
MUMicron Technology$1.05T20.7+345.7%84.6%+3.91%BullishCompare
AMDAdvanced Micro Devices$837B131.0+50.1%53.8%+12.53%BullishCompare
INTCIntel$534B—+25.4%40.4%+12.53%BullishCompare
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