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Equity
QUALCOMM Incorporated (QCOM) perpetual futures
QCOM perpetual futures on 22 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade QCOMUSDT.
QUALCOMM develops and supplies integrated circuits and system software for wireless communications, and licenses its extensive patent portfolio for 3G, 4G, and 5G technologies.
$168.49-6.8%NASDAQ open
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Trading data
Perpetual market activity
22/22 live markets
Trading data
Perpetual market activity
Venues
22
Live markets
22/22
24h volume
$29MCoverage: 17/22 marketsExchange-reported volume: $37.7M
Open interest
$14.8MCoverage: 18/22 markets
Best liquidity
$2.7M
Bitunix
Tightest spread
+0.6 bps
Ourbit
Highest volume
$12.7M
Binance
Settlement mix
USDT · 18/22
Perp/spot vol.
0.02x
Spot volume $1.5B
OI / float
+0.01%
Float $179B
Spot performance
1D+0.32%
5D+9.83%
1M+0.16%
6M-16.90%
YTD+3.56%
1Y+1.51%
Venue matrix
22 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | QCOM/USDT | Trading | $168.44 | +12.4% APR +0.011% every 8h | +3.6 bps | - | $12.7M | $6.3M | USDT | - | |
 Gate.io | Trade | QCOM/USDT | Trading | $168.44 | 0.0% APR 0.000% every 8h | +8.3 bps | $387.4K | $1.6M | $1.1M | USDT | 50x | |
 OKX | Trade | QCOM/USDT | Trading | $168.36 | 0.0% APR 0.000% every 8h | +2.4 bps | $234.6K | $1.6M | $916.5K | USDT | 20x | |
 Hyperliquid HIP-3 | Trade | xyz:QCOM | Trading | $168.20 | +5.5% APR +0.00063% every 1h | +5.9 bps | - | $817K | $2.1M | USDC | 10x | |
 Phemex | Trade | QCOM / USDT | Trading | $168.44 | 0.0% APR 0.000% every 8h | +7.1 bps | - | $811.8K | $1.5M | USDT | 10x | |
 Bybit | Trade | QCOM/USDT | Trading | $168.40 | 0.0% APR 0.000% every 8h | +5.3 bps | $75.8K | $552.4K | $1.2M | USDT | 25x | |
 GRVT | Trade | QCOM/USDT | Trading | $168.47 | +12.4% APR +0.011% every 8h | +8.9 bps | $339.4K | $301.7K | $5.5K | USDT | - | |
 MEXC | Trade | QCOM/USDT | Trading | $168.43 | +12.5% APR +0.011% every 8h | +1.2 bps | $85.6K13 min | $211.4K | $766.4K | USDT | 50x | |
 Helix (Injective) | Trade | QCOM/USDC | Trading | $168.28 | +3.6% APR +0.00042% every 1h | - | no public depth feed | $87K | - | USDC | 12x | |
 BloFin | Trade | QCOM/USDT | Trading | $168.50 | +15.2% APR +0.014% every 8h | +7.7 bps | - | $54.4K | $137.7K | USDT | 20x | |
 XT.com | Trade | QCOM/USDT | Trading | $168.49 | +13.1% APR +0.012% every 8h | +3.6 bps | $22.4K | $9.8K | - | USDT | 20x | |
 HTX | Trade | QCOM/USDT | Trading | $168.52 | 0.0% APR 0.000% every 8h | +21.4 bps | $57.9K | $7.8K | $9.4K | USDT | - | |
 Extended | Trade | QCOM/USD | Trading | $168.28 | +12.3% APR +0.00140% every 1h | +2.4 bps | - | $4.4K | $12.4K | USD | 10x | |
 Crypto.com Exchange | Trade | QCOM/USD | Trading | $168.28 | -53.0% APR -0.00605% every 1h | +17.9 bps | $9.8K | $298.1 | $37.1K | USD | 50x | |
 Aster | Trade | QCOMUSDT | Trading | $168.95 | 0.0% APR 0.000% every 8h | +78.2 bps | $7.8K | $267.5 | $13.2K | USDT | - | |
 Deepcoin | Trade | QCOM/USDT | Trading | $168.46 | - | +2.4 bps | $58K | $8.7M | - | USDT | 25x | |
 BingX | Trade | QCOM-USDT | Trading | $168.45 | +13.0% APR +0.012% every 8h | +3.0 bps | $1.9M | $1.7M | - | USDT | - | |
 LBank | Trade | QCOM/USDT | Trading | $168.46 | +12.4% APR +0.011% every 8h | +3.0 bps | $782.6K | $4M⚠ | $27.7K | USDT | 50x | |
 Ourbit | Trade | QCOM/USDT | Trading | $168.46 | +12.5% APR +0.011% every 8h | +0.6 bps | $420.9K | $1.5M⚠ | $122K | USDT | 50x | |
 Bitget | Trade | QCOM/USDT | Trading | $168.40 | 0.0% APR 0.000% every 8h | +4.8 bps | $1.5M | $1.3M⚠ | $363.6K | USDT | 20x | |
 Bitunix | Trade | QCOM/USDT | Trading | $168.49 | +15.8% APR +0.014% every 8h | +0.6 bps | $2.7M | $1M⚠ | $113K | USDT | 20x | |
 KuCoin | Trade | QCOM/USDT | Trading | $168.43 | 0.0% APR 0.000% every 8h | +7.1 bps | $31.4K | $877.2K⚠ | $160.7K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| QCOMBbStocks | $167.50 | -0.59% | $2.1M | $2.4M | BNB Smart Chain (BEP20) |
| QCOMonOndo GM | $180.94 | +7.39% | $984k | $2.6M | Ethereum · BNB Smart Chain (BEP20) · Solana |
| QCOMxxStocks | $167.98 | -0.31% | $82k | $752k | BNB Smart Chain (BEP20) · Solana · Ethereum · Arbitrum |
| QCOMRobinhood | $168.64 | -0.03% | $5k | $30k | Robinhood Chain |
| rQCOMTokenized | $172.57 | +2.42% | $4k | $337k | Arbitrum |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | QCOM/USDG ↗ | $168.64 | $5k | $11k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 17 of 22 venues absorb $10k · Typical cost: +9.3 bps – +20.0 bps
Too thin: Crypto.com Exchange, Aster
No fresh book data: Hyperliquid HIP-3, Helix (Injective), Extended
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
QCOMTightest spread
QCOMHighest volume
QCOMFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-03
Revenue est. $10.8B · Updated 3h ago
Dividend
$0.92
2026-12-03
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid163.72
Ask178.71
Volume2,618,292
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202610.52$43B-3%18
FY 20279.71$45.5B+6%19
FY 202812.13$52.6B+16%17
FY 202916.37$62.9B+20%7
FY 203019.36$70.7B+12%2
Q1 20282.91$12.8B+4%8
Source: FMP · Consensus
Company events
62027-02-03EarningsActual - / Estimate 2.27-
2026-12-03Dividend$0.92-
2026-11-04Earnings · After market closeActual 2.17 / Estimate 2.16Beat
2026-09-03Dividend$0.92-
2026-07-29EarningsActual 2.21 / Estimate 2.23Miss
2026-06-04Dividend$0.92-
Peer comparison
Similar listed perpsRevenue mix
Latest annualCHINAGeographic$22.4B
VIET NAMGeographic$4.6B
Other ForeignGeographic$4.4B
Analysts
Price targets in USD| Consensus rating | Hold |
|---|---|
| Average 12-month price target | $199.63 |
| 12-month target range (low – high) | $155 – $320 |
| Ratings in the provider's consensus | 70 |
Price targets as of 2026-11-12
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 2 | 9 | 24 | 1 | 2 |
| Oct 2026 | 2 | 9 | 23 | 1 | 2 |
| Sep 2026 | 2 | 9 | 23 | 1 | 3 |
| Aug 2026 | 2 | 10 | 23 | 1 | 2 |
| Jul 2026 | 3 | 10 | 23 | 1 | 2 |
| Jun 2026 | 2 | 10 | 23 | 3 | 3 |
| May 2026 | 2 | 10 | 24 | 3 | 3 |
| Apr 2026 | 3 | 10 | 24 | 2 | 2 |
| Mar 2026 | 3 | 10 | 23 | 2 | 1 |
| Feb 2026 | 4 | 11 | 23 | 3 | 0 |
| Jan 2026 | 5 | 12 | 20 | 1 | 0 |
| Dec 2025 | 5 | 12 | 19 | 1 | 0 |
Ownership
Institutional · 2026-Q3Free float99.3%1.1B shares
Shares outstanding1.1B shares
Institutional34.3%2,393 investors
Investor count change-806
Reference market activity
QCOM-PERPDay range (Nov 12)$175$183.4
52 week$121.99$259.92
Spot volume9M
Average volume-
Price performance
111D+0.3%
5D+9.8%
1M+0.2%
3M+7.5%
6M-16.9%
YTD+3.6%
1Y+1.5%
3Y+43.0%
5Y+5.1%
10Y+168.7%
MAX+31,898.4%
Insider activity
FY2026 Q4Acquisitions24 transactions267,427 shares
Dispositions40 transactions142,786 shares
Purchases0Ratio 0.6
Sales11
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Qualcomm officer Heather S. Ace sold 3,200 common shares at $165.42 on Nov 9, 2026, retaining 39,379 shares.
Qualcomm director Sylvia Acevedo sold 61 common shares at $166.05 on Nov 6, 2026, leaving 9,008 shares owned.
Qualcomm officer Ann C. Chaplin sold 1,501 shares of common stock on the open market at $161.54 per share on Nov 6, 2026, leaving her with 27,271 shares.
Qualcomm officer Patricia Y Grech received a grant of 4,806 restricted stock units on Nov 2, 2026, at $0.00, leaving her with 4,806 owned after the award.
Qualcomm officer Heather S. Ace converted 5,134 restricted stock units into 5,134 common shares, then had 2,477 shares withheld at $164.79 for taxes, leaving 42,579 shares owned.
Qualcomm officer Baaziz converted 5,749 restricted stock units into common shares and had 769 shares withheld for taxes at $164.79, leaving 95,191 shares owned.
CEO Cristiano Amon converted 20,946 restricted stock units into common shares and had 2,799 shares withheld for taxes at $164.79, leaving 198,063 shares directly owned.
Ann C. Chaplin (EVP, GenCounsel&CorpSecretary) exercised 5,955 restricted stock units into 5,955 common shares, then 2,953 shares were withheld for taxes at $164.79. She holds 28,772 shares after.
Qualcomm CFO Akash Palkhiwala converted 9,651 restricted stock units into common shares and had 1,289 shares withheld for taxes at $164.79, leaving him 25,211 shares.
Filings
80 · Latest SEC filings2026-11-094Insider transaction report (Form 4)
Qualcomm officer Heather S. Ace sold 3,200 common shares at $165.42 on Nov 9, 2026, retaining 39,379 shares.
2026-11-064Insider transaction report (Form 4)
Qualcomm director Sylvia Acevedo sold 61 common shares at $166.05 on Nov 6, 2026, leaving 9,008 shares owned.
2026-11-064Insider transaction report (Form 4)
Qualcomm officer Ann C. Chaplin sold 1,501 shares of common stock on the open market at $161.54 per share on Nov 6, 2026, leaving her with 27,271 shares.
2026-11-044Insider transaction report (Form 4)
Qualcomm officer Patricia Y Grech received a grant of 4,806 restricted stock units on Nov 2, 2026, at $0.00, leaving her with 4,806 owned after the award.
2026-11-024Insider transaction report (Form 4)
QUALCOMM officer Alexander H. Rogers reported an option exercise (M-Exempt) of 5,337 common shares at $0.00, leaving 35,488 shares owned. No open-market purchase or sale occurred.
2026-11-024Insider transaction report (Form 4)
Qualcomm officer Baaziz converted 5,749 restricted stock units into common shares and had 769 shares withheld for taxes at $164.79, leaving 95,191 shares owned.
2026-11-024Insider transaction report (Form 4)
CEO Cristiano Amon converted 20,946 restricted stock units into common shares and had 2,799 shares withheld for taxes at $164.79, leaving 198,063 shares directly owned.
2026-11-024Insider transaction report (Form 4)
Ann C. Chaplin (EVP, GenCounsel&CorpSecretary) exercised 5,955 restricted stock units into 5,955 common shares, then 2,953 shares were withheld for taxes at $164.79. She holds 28,772 shares after.
2026-11-024Insider transaction report (Form 4)
Qualcomm CFO Akash Palkhiwala converted 9,651 restricted stock units into common shares and had 1,289 shares withheld for taxes at $164.79, leaving him 25,211 shares.
2026-11-024Insider transaction report (Form 4)
Qualcomm officer Heather S. Ace converted 5,134 restricted stock units into 5,134 common shares, then had 2,477 shares withheld at $164.79 for taxes, leaving 42,579 shares owned.
2026-10-214Insider transaction report (Form 4)
Qualcomm CFO Akash Palkhiwala was awarded 25,734 restricted stock units on Oct 20, 2026, a grant (code A) rather than a purchase, leaving him with 25,734 units owned.
2026-10-214Insider transaction report (Form 4)
Qualcomm officer Heather S. Ace received an award of 13,689 restricted stock units on 2026-10-20, a grant at $0.00, leaving her with 13,689 units owned.
2026-10-214Insider transaction report (Form 4)
Qualcomm CEO Cristiano Amon received an award of 65,704 restricted stock units on Oct 20, 2026, a grant at $0.00 per share, not an open-market purchase. He holds 65,704 units after.
2026-10-214Insider transaction report (Form 4)
QUALCOMM officer Ann C. Chaplin was awarded 17,959 restricted stock units on Oct 20, 2026, a compensation grant at $0.00, bringing her holdings to 17,959 RSUs.
2026-10-214Insider transaction report (Form 4)
Qualcomm officer Alexander H. Rogers received an award of 18,069 restricted stock units on Oct 20, 2026, disclosed in a Form 4 filed Oct 21, 2026. An award is a grant, not an open-market purchase.
2026-10-214Insider transaction report (Form 4)
Qualcomm CTO Baaziz received 18,069 restricted stock units in an award (A) on 2026-10-20, bringing his holdings to 18,069 RSUs. No open-market purchase occurred.
2026-10-204Insider transaction report (Form 4)
Qualcomm CFO & COO Akash J. Palkhiwala sold 2,500 common shares on 2026-10-20 in six open-market sales at $171.88-$176.58, leaving 20,799 shares owned.
2026-10-164Insider transaction report (Form 4)
QUALCOMM officer Alexander H. Rogers converted 5,799 restricted stock units into 5,798 common shares and had 1,901 shares withheld for tax at $178.40, leaving 30,151 shares owned.
2026-10-164Insider transaction report (Form 4)
Qualcomm officer Palkhiwala exercised 8,284 restricted stock units into common shares on 2026-10-15; 3,267 common shares were withheld for tax at $178.4, leaving 23,299 shares owned.
2026-10-164Insider transaction report (Form 4)
Qualcomm officer Baaziz exercised 5,898 restricted stock units into common stock (exempt, $0.00) on Oct 15; 1,955 shares were withheld for taxes at $178.4, leaving 92,563 shares owned.
2026-10-164Insider transaction report (Form 4)
Qualcomm CEO Cristiano Amon exercised 19,054 RSUs, converting them into 19,053 common shares; 8,232 shares were withheld at $178.40 to cover taxes. He held 188,487 shares after.
2026-10-164Insider transaction report (Form 4)
Qualcomm officer Ann C. Chaplin converted 5,592 restricted stock units into 5,592 common shares. She disposed of 1,939 shares for tax withholding at $178.40 and sold 1,827 shares at $174.75, leaving 25,770 shares owned.
2026-10-164Insider transaction report (Form 4)
Qualcomm officer Heather S. Ace reported an option exercise (M-Exempt) of 5,177 common shares at $0.00, leaving 41,712 shares owned after the transaction.
2026-10-024Insider transaction report (Form 4)
Qualcomm officer Patricia Y Grech reported a sale of 98 common shares at $186.55 per share on 2026-10-02, leaving 0 shares owned after the transaction.
2026-09-304Insider transaction report (Form 4)
Qualcomm director Jean-Pascal Tricoire received an award of 183 common shares (Code A) at $0.00 on 2026-09-30, bringing his holdings to 13,930 shares.
2026-09-304Insider transaction report (Form 4)
Qualcomm director Mark D. McLaughlin received a grant of 393 shares of Common Stock on 2026-09-30, bringing his holdings to 13,756 shares.
2026-09-254Insider transaction report (Form 4)
Qualcomm President & CEO Cristiano R. Amon sold 10,000 Common Stock shares at $200 in an open-market sale on 2026-09-25, leaving 177,568 shares owned.
2026-09-234Insider transaction report (Form 4)
Qualcomm CEO Cristiano Amon sold 10,000 shares of Common Stock at $195 on Sept 21, 2026, leaving him with 187,568 shares.
2026-09-114Insider transaction report (Form 4)
Qualcomm officer Palkhiwala Akash J. (EVP, CFO & COO) reported selling 2,500 common shares across 9 open-market sales on 2026-09-11 at prices from $177.6169 to $185.315, leaving 18,184 shares owned.
2026-08-314Insider transaction report (Form 4)
Patricia Y. Grech, SVP and Chief Accounting Officer of Qualcomm, sold 208 common shares at $170 each on August 31, 2026.
2026-08-214Insider transaction report (Form 4)
Qualcomm officer Patricia Y. Grech converted 1,274 restricted stock units into common shares on Aug 20, 2026, had 441 shares withheld for taxes at $160.74, and sold 625 shares at $162.85 on Aug 21.
2026-08-124Insider transaction report (Form 4)
Qualcomm officer and CFO Akash J. Palkhiwala sold 2,500 common shares in 5 open-market sales on 2026-08-12 at prices from $161.7729 to $165.3368, leaving 20,684 shares owned.
2026-08-034Insider transaction report (Form 4)
Heather Ace, QUALCOMM's EVP and Chief HR Officer, sold 3,200 shares of common stock at $147.04 on 2026-08-03, leaving her with 36,535 shares owned afterward.
2026-07-144Insider transaction report (Form 4)
QUALCOMM CFO & COO Akash J. Palkhiwala sold 2,500 common shares across 11 open-market sales on 2026-07-14 at prices from $178.268 to $189.4247, leaving 23,184 shares owned.
2026-07-014Insider transaction report (Form 4)
Director Jean-Pascal Tricoire received a grant of 182 common shares on 2026-06-30, bringing total ownership to 13,704 shares.
2026-07-014Insider transaction report (Form 4)
QUALCOMM director Mark D. McLaughlin was awarded 392 shares of common stock on 2026-06-30, bringing his total holdings to 13,300 shares. This was a grant, not an open-market purchase.
2026-06-114Insider transaction report (Form 4)
Qualcomm CFO & COO Akash J. Palkhiwala reported selling 2,500 common shares in 11 open-market sales on 2026-06-11 at prices from $193.81 to $203.25, leaving 25,684 shares owned.
2026-05-214Insider transaction report (Form 4)
Patricia Grech (SVP, Chief Accounting Officer) converted 1,272 RSUs into 1,269 common shares, had 440 shares withheld for taxes at $202.51, and sold 829 shares at $201.77.
2026-05-134Insider transaction report (Form 4)
QUALCOMM CFO Akash Palkhiwala sold 2,500 shares of common stock in 26 separate open-market sales on 2026-05-12, at prices ranging from $202.469 to $227.265.
2026-05-064Insider transaction report (Form 4)
QUALCOMM CEO Cristiano Amon sold 10,000 shares of common stock at $185 on 2026-05-05, leaving 197,568 shares owned afterward.
2026-05-044Insider transaction report (Form 4)
QUALCOMM President & CEO Cristiano Amon sold 10,000 common shares at $180 on 2026-05-04, leaving 207,568 shares owned afterward.
2026-05-044Insider transaction report (Form 4)
QUALCOMM EVP & Chief HR Officer Heather S. Ace sold 3,200 shares of common stock at $177.82 per share, leaving 39,735 shares owned afterward.
2026-04-304Insider transaction report (Form 4)
Patricia Y Grech (SVP, Chief Accounting Officer) sold 192 shares of QUALCOMM common stock at $172 per share, leaving 0 shares owned afterward.
2026-04-134Insider transaction report (Form 4)
QUALCOMM EVP, CFO & COO Akash J. Palkhiwala sold 2,500 shares of common stock on the open market at prices between $130.12 and $131.17, leaving 30,684 shares owned afterward.
2026-04-024Insider transaction report (Form 4)
Director Mark D. McLaughlin received a grant of 538 shares of QCOM common stock (compensation, not a purchase), bringing his ownership to 12,850 shares.
2026-04-024Insider transaction report (Form 4)
Director Jean-Pascal Tricoire was awarded 262 shares of QUALCOMM common stock as compensation, bringing his total holdings to 13,481 shares.
2026-04-024Insider transaction report (Form 4)
Patricia Y Grech (SVP, Chief Accounting Officer) sold 85 shares of QUALCOMM common stock at $125.50, leaving 192 shares owned after the transaction.
2026-03-184Insider transaction report (Form 4)
Director Jamie S. Miller received an award grant of 2,563 QUALCOMM common shares, bringing her total ownership to 4,694 shares.
2026-03-184Insider transaction report (Form 4)
Director Marie Myers received a grant of 2,563 QCOM common shares (Award, $0.00), bringing her holdings to 5,389 shares.
2026-03-184Insider transaction report (Form 4)
Director Ann M. Livermore was awarded 2,563 shares of QUALCOMM common stock as compensation on 2026-03-17, bringing her total holdings to 4,694 shares.
2026-03-184Insider transaction report (Form 4)
Director Mark D. McLaughlin was awarded 2,563 shares of QUALCOMM common stock (A-Award, $0.00 price) on 2026-03-17, bringing his total ownership to 12,246 shares.
2026-03-184Insider transaction report (Form 4)
Director Sylvia Acevedo received a grant of 2,563 shares of QUALCOMM common stock, bringing her total ownership to 9,008 shares. This was an award, not an open-market purchase.
2026-03-184Insider transaction report (Form 4)
Director Mark Fields was awarded 2,563 shares of QUALCOMM common stock (grant, not a purchase), bringing his total ownership to 9,988 shares.
2026-03-184Insider transaction report (Form 4)
Jeffrey William Henderson, a QUALCOMM director, was awarded 2,563 shares of common stock on 2026-03-17 as compensation, bringing his total ownership to 14,599 shares.
2026-03-184Insider transaction report (Form 4)
Director Jeremy Z Kolter was granted 2,563 shares of QCOM common stock as compensation, bringing his ownership to 3,623 shares.
Transcripts
Earnings callsFY2026 Q32026-07-29
Earnings calls
AI summary
mixedQualcomm reported third quarter fiscal 2026 revenues of $9.9 billion and non-GAAP EPS of $2.21, exceeding expectations despite industry-wide challenges from elevated memory prices and supply chain constraints. QCT revenues reached $8.5 billion with record automotive revenues of $1.6 billion, up 61% year-over-year, while handset revenues declined to $5.1 billion due to memory cost pressures. The company significantly expanded its long-term financial targets, now projecting over $40 billion in non-handset revenue by fiscal 2029, more than double the previous $22 billion target, driven by data center expansion ($15 billion by FY2029), automotive growth ($7 billion annualized run rate exiting FY2026, raised from $6 billion), and industrial solutions ($8 billion by FY2029). Qualcomm acquired Modular Inc. to strengthen its AI software stack capabilities and announced major automotive wins including an expanded partnership with BMW for next-generation ADAS and digital cockpit solutions. The company is implementing broad-based double-digit price increases across markets to offset input cost inflation, expecting gross margin recovery over several quarters. Data center custom silicon revenue
Key takeaways
- Qualcomm raised fiscal 2029 non-handset revenue target to over $40 billion, including $15 billion from data center, up significantly from previous $22 billion guidance
- QCT automotive revenues reached record $1.6 billion in Q3 with 61% year-over-year growth; company raised annualized run rate to $7 billion exiting FY2026 from prior $6 billion target
- Two custom silicon data center engagements will generate revenue starting in the December quarter with wafer production already underway
- Company implemented broad-based double-digit price increases across all end markets to offset industry-wide input cost increases, with margin recovery expected over coming quarters
- Industrial networking and robotics design win pipeline exceeds $7 billion with over $3.5 billion secured this fiscal year, targeting $8 billion revenue by FY2029
Financial highlights
- Q3 FY2026 revenues of $9.9 billion at high end of guidance with non-GAAP EPS of $2.21
- QCT revenues of $8.5 billion driven by record automotive of $1.6 billion (up 61% YoY) and IoT of $1.8 billion (up 9% YoY), partially offset by handset decline to $5.1 billion
- QTL revenues of $1.3 billion with 69% EBT margin; QCT EBT margin of 26% in line with expectations despite gross margin pressure
- Company returned $2.3 billion to shareholders including $1.4 billion in repurchases and $937 million in dividends; non-handset QCT revenues grew 28% year-over-year
Guidance
- Q4 FY2026 revenue guidance of $9.7 billion to $10.5 billion with non-GAAP EPS of $2.05 to $2.25
- QCT expected to deliver approximately $5.2 billion in handset revenue with sequential Android growth offset by materially lower Apple share; another record automotive quarter expected with approximately 60% year-over-year growth
- QCT IoT revenues expected to remain flat year-over-year with double-digit industrial growth offset by memory-driven consumer weakness; QTL revenues estimated at $1.2 billion to $1.4 billion
- Non-GAAP operating expenses forecasted at approximately $2.7 billion in Q4 reflecting Modular acquisition and data center product investments; gross margins expected to improve over next several quarters as pricing actions take effect
Q&A themes
- Gross margin recovery timeline and the impact of double-digit price increases to offset wafer and input cost increases, with changes coming gradually through customer contracts and product cycles
- Data center revenue ramp details with two custom silicon hyperscaler engagements starting in December quarter, high-bandwidth compute tape-out completed with silicon demonstrations expected in coming quarters
- Apple product revenue acceleration with share materially lower than previous 20% estimate, creating a roughly $2 billion revenue headwind in FY2027 offset by non-handset growth greater than 60%
- Supply chain dynamics including wafer capacity constraints with industry operating at 100% utilization, company's inventory strategy as competitive advantage, and confidence in securing adequate supply to execute plans
Risks
- Gross margins remain under pressure in near term due to mix shift toward lower-tier premium and elevated input costs across wafer, assembly, test and materials, though company expects recovery over several quarters
- Data center business represents significant execution risk as new market entrant requiring customers to evaluate silicon performance on HBC and accelerator platforms before major commitments; additional customer wins dependent on silicon demonstrations
- Handset market remains depressed with low-teen decline expected in FY2027 and significant EPS impact of over $1.50, dependent on memory price stabilization and adoption of agentic AI features to drive recovery
FY2026 Q22026-04-29
Earnings calls
AI summary
positiveQualcomm reported strong Q2 results with $10.6B revenue and $2.65 EPS, driven by record automotive revenues of $1.3B (38% YoY growth) and IoT growth of 9% YoY, partially offset by handset weakness from memory industry dynamics affecting Chinese OEMs. Management expects Chinese Android revenues to reach bottom in Q3 and return to growth in Q4, with near-term guidance of $9.2B-$10B revenue for Q3. The company is pursuing multiple data center opportunities with hyperscalers and expects initial custom silicon shipments in December, with broader data center and growth initiatives to be detailed at an Investor Day on June 24.
Key takeaways
- Automotive revenues reached $1.3B in Q2 with 38% YoY growth; company expects 50% YoY growth in Q3 and exit FY2026 at $6B+ annualized run rate
- Fifth-generation Snapdragon Digital Chassis launching end of FY2026 with 3x CPU throughput, 3x GPU capability, and 12x NPU performance increase
- China Android revenues expected to bottom in Q3 due to OEM channel inventory drawdown from memory dynamics; shipments significantly below consumer demand
- Custom silicon engagement with leading hyperscaler expecting initial shipments in December quarter; pursuing merchant, custom, and bespoke IP configurations
- Agentic AI workloads driving design cycles across smartphone, PC, automotive, IoT, robotics, and edge AI platforms
Financial highlights
- Q2 revenues $10.6B, non-GAAP EPS $2.65 at high end of guidance
- QCT revenues $9.1B with handset at $6B, IoT at $1.7B (+9% YoY), automotive at $1.3B (+38% YoY)
- QTL revenues $1.4B at high end of guidance with 72% EBT margin
- Returned $3.7B to shareholders including $2.8B in share repurchases and $945M in dividends
Guidance
- Q3 revenues forecast $9.2B-$10B; non-GAAP EPS $2.10-$2.30
- QCT handset revenues expected ~$4.9B in Q3; QCT IoT to grow high single digits YoY; QCT automotive to grow ~50% YoY
- QTL revenues $1.15B-$1.35B with 67%-71% EBT margins; QCT EBT margins 25%-27%
- Non-GAAP operating expenses forecast ~$2.6B in Q3
Q&A themes
- Data center custom silicon engagement is with single large hyperscaler for multi-generation engagement; details deferred to June 24 Investor Day; combination of merchant and custom ASIC approach expected
- Samsung relationship stable at >70% share framework; confidence in opportunity for positive bias given agentic AI capabilities
- Apple product revenue assumptions unchanged at 20% share for fall 2026 launch; fiscal 2027 sell-side models estimate $2B+ QCT product revenue
- Memory supply constraints primarily impacting mid-low tier handsets; premium tier holding; no specific guidance on handset trajectory for September quarter given competing Apple step-down and China recovery dynamics
Risks
- Near-term handset revenue weakness from industry-wide memory supply constraints and OEM inventory drawdown affecting China Android significantly below consumer demand
- Apple product revenue declining due to 20% share assumption with new launch and no relationship beyond that period
- Data center market highly concentrated with few large hyperscalers; competition from NVIDIA, ARM-based providers, and custom silicon development by other chipmakers
FY2026 Q12026-02-04
Earnings calls
AI summary
mixedQualcomm achieved record quarterly revenues driven by strong flagship handset demand, record automotive revenues, and record QCT revenues of $10.6 billion. However, the company is guiding Q2 handset revenues down to approximately $6 billion (13% YoY decline) as memory suppliers redirect manufacturing capacity from consumer DRAM to HBM for AI data center demand, forcing handset OEMs to reduce inventory and chipset orders. Automotive and IoT segments continue accelerating with over 35% YoY growth expected in automotive for Q2.
Key takeaways
- Record Q1 results: $12.3B total revenue, $3.50 non-GAAP EPS, $10.6B QCT revenue, $7.8B handset revenue, $1.1B automotive revenue
- Q2 handset guidance of ~$6B reflects memory shortage impact as DRAM redirected to AI data centers; issue is supply availability, not demand weakness
- Automotive accelerating >35% YoY in Q2 with expanded partnerships including Volkswagen Group, Toyota RAV4, and expanded ADAS traction
- New growth initiatives: robotics platform Dragon Wing IQ 10 with ecosystem engagement, PC momentum with 150 Snapdragon X devices on track, data center expected to generate revenue in 2027
- Premium/high-tier smartphone segment expanding with resilience to memory price increases; Samsung premium devices at ~75% share
Financial highlights
- Q1 total revenues: $12.3 billion (record); non-GAAP EPS: $3.50 (record, at high end of guidance)
- QCT record revenues $10.6 billion; QCT handset record $7.8 billion; QCT automotive record $1.1 billion (+15% YoY); QCT IoT $1.7 billion (+9% YoY)
- QTL revenues $1.6 billion with 77% EBITDA margin; QCT EBT margin 31% (exceeded 30% long-term target)
- Q2 guidance: revenues $10.2-11.0 billion, non-GAAP EPS $2.45-2.65; QCT handset ~$6 billion; automotive growth >35% YoY; QCT EBITDA margin 26-28%
Guidance
- Q2 FY2026 total revenue guidance $10.2-11.0 billion with non-GAAP EPS of $2.45-2.65
- Q2 QCT handset revenue approximately $6 billion (down from Q1 record $7.8B) due to memory constraints; QTL revenue $1.2-1.4 billion
- Q2 QCT automotive revenue expected to grow >35% YoY; QCT IoT growth of low-teens percentage YoY
- Non-GAAP operating expenses expected ~$2.6 billion in Q2; data center revenues expected to begin in 2027; expect return to prior QCT handset run rate when memory conditions normalize
Q&A themes
- Memory shortage 100% driver of handset weakness; issue is supply availability not demand; consumer demand and sell-through remained strong in Q1 and early 2026
- Premium and high-tier segments expected more resilient to memory constraints; OEMs likely to prioritize premium tier; dual flagship strategy gaining traction
- Chinese OEMs particularly impacted by inventory corrections, but Qualcomm exposure less than unit impact due to lower tier positioning of Chinese vendors
- Data center progressing on track with positive customer feedback; Humane AI already shipping; RISC-V CPU and AI250 memory architecture being executed; specialized decode applications particularly competitive
Risks
- DRAM supply shortage and pricing expected to constrain handset market size throughout fiscal 2026; memory vendors prioritizing HBM for AI data centers with uncertain duration into 2027-2028
- Handset OEMs taking cautious approach reducing build plans and channel inventory, particularly Chinese OEMs; potential for sustained volume pressure if memory shortage persists
- Huawei license discussions ongoing with no update; renewal discussions with other large customer underway with no update
FY2025 Q42025-11-05
Earnings calls
AI summary
positiveQualcomm exceeded guidance in Q4 FY2025 with $11.3B revenue and $3 non-GAAP EPS, driven by premium Android handset demand and record $1B+ automotive quarterly revenue. Full-year FY2025 non-GAAP revenue reached $44B with 13% YoY growth, while QCT achieved record $38.4B with 16% YoY growth. The company is guiding to record Q1 FY2026 revenue of $11.8-12.6B and expects data center revenue to become material in FY2027, pulled forward one year.
Key takeaways
- Q4 QCT revenues $9.8B (+9% sequential), with all three segments exceeding expectations; automotive surpassed $1B quarterly revenue milestone
- FY2025 QCT non-Apple revenue grew 18% YoY; IoT +22% YoY and automotive +36% YoY with confidence in FY2029 targets of $8B and $14B respectively
- Snapdragon 8 Elite Gen 5 mobile platform and X2 Elite laptop processors launched; ~150 AI PC design wins expected through 2026
- Data center AI200 and AI250 SoCs announced with HUMAIN as first customer targeting 200MW deployment starting 2026; data center revenue pull-forward to FY2027
- XR/smart glasses momentum accelerating with 30 designs in production/development; Meta demand strong across new Ray-Ban and Oakley Meta products
Financial highlights
- FY2025 non-GAAP revenue $44B, up 13% YoY; non-GAAP EPS $12.03, up 18% YoY
- Q4 non-GAAP revenue $11.3B, EPS $3; both exceeded guidance high-end
- QCT operating margins 30% in FY2025, at long-term target; Q4 EBT margin 29% at high-end of guidance
- Record free cash flow $12.8B in FY2025; returned ~100% to stockholders via repurchases and dividends
Guidance
- Q1 FY2026 total revenue guidance $11.8-12.6B with non-GAAP EPS $3.30-3.50
- QCT record revenue of $10.3-10.9B expected in Q1 FY2026 with 30-32% EBT margins
- QCT handset revenues expected low-teens sequential growth driven by new flagship Android launches
- Data center revenue expected to become material starting FY2027, pulled forward one year from prior FY2028 guidance
Q&A themes
- Data center competitive positioning based on power-efficient inference architecture differentiating from traditional GPU approaches; roadmap and KPI details to be provided H1 2026
- Samsung relationship baseline assumption 75% share (up from historical 50%), with Galaxy S25 achieving 100% and S26 assumed at 75% baseline
- Premium tier Android handset expansion driving content growth and ASP increases across all regions; no pull-forward concerns noted for China launches
- XR opportunity exceeding expectations with potential multibillion-dollar upside beyond FY2029 analyst day guidance; broader personal AI market (glasses, watch, hearables) could be very large
Risks
- Data center market execution risk with technology differentiation dependent on demonstrating competitive power efficiency and cost performance relative to entrenched competitors
- Android handset share concentration risk at primary customer with baseline assumption of 75% and potential for competitive modem developments to impact share
- XR market timing and adoption uncertainty despite strong current demand signals from Meta and design pipeline growth
FY2025 Q32025-07-30
Earnings calls
AI summary
positiveQualcomm reported robust Q3 results with revenue and EPS near guidance highs, driven by strength across diversified businesses including automotive, IoT, and handsets powered by Snapdragon 8 Elite AI platforms. The company is expanding into data centers with custom ARM-compatible CPUs and NPU accelerators, acquiring Alphawave IP to complement its Oryon CPU and Hexagon NPU with advanced connectivity capabilities. With FY2025 positioned for 12% revenue and 16% EPS growth versus FY2024, and confirmed progress toward fiscal 2029 targets of $22B in combined automotive and IoT revenues, Qualcomm is executing its diversification strategy across personal AI devices, robotics, and enterprise markets.
Key takeaways
- QCT chipset revenue of $9B with automotive up 21% YoY and IoT up 24% YoY; handset revenue $6.3B up 7% YoY, benefiting from premium Snapdragon 8 Elite adoption
- Data center expansion initiated with Alphawave IP acquisition (closing Q1 2026) and advanced discussions with hyperscaler customer; revenue expected to begin in fiscal 2028
- Personal AI devices emerging as significant opportunity, with Meta AI smart glasses driving XR platform traction; 19 XR designs from global partners with demand exceeding expectations
- Automotive momentum continuing with 50 vehicle launches in fiscal 2025, BMW Neue Klasse launch planned, and 20 OEMs programmed for autonomous driving solutions with majority launching within 18 months
- FY2025 forecasted to deliver second consecutive year of greater than 15% QCT non-Apple revenue growth; fiscal 2029 target of $22B combined automotive and IoT revenues on track
Financial highlights
- FY2025 Q3 total revenue: $10.4 billion; non-GAAP EPS: $2.77
- QCT revenue: $9 billion; QTL revenue: $1.3 billion with 71% EBT margin
- QCT EBT margin: 30%; QCT handset revenue: $6.3 billion (+7% YoY); automotive revenue: $984 million (+21% YoY); IoT revenue: $1.7 billion (+24% YoY)
- FY2025 Q4 guidance: revenue $10.3B-$11.1B; non-GAAP EPS $2.75-$2.95; QCT handset revenue growth ~5% sequentially; automotive revenue $1 billion; IoT revenue flat sequentially
Guidance
- FY2025 Q4 revenue guidance: $10.3B-$11.1B; non-GAAP EPS: $2.75-$2.95
- FY2025 full-year positioned for 12% revenue growth and 16% non-GAAP EPS growth versus FY2024 based on guidance midpoint
- QCT IoT and automotive revenues expected to grow approximately 20% and 35% respectively in FY2025, supporting fiscal 2029 target of $22B combined automotive and IoT revenues
- Data center business expected to generate revenues beginning in fiscal 2028 upon successful hyperscaler engagements; PC business on track for $4B revenue target by fiscal 2029
Q&A themes
- Handset market drivers: New Snapdragon 8 Elite platform launch at end of September driving 5% sequential growth guidance despite Apple revenue decline; no evidence of pull-in effects observed
- Data center strategy focused on two product pillars: general-purpose ARM-compatible CPUs for hyperscaler first-party workloads and AI head node units for inference clusters; Alphawave provides connectivity IP for scale-out capability
- Samsung relationship: 75% baseline contractual share with upside potential; company historically moves toward higher share levels; Samsung launched Flip with own processor but maintains majority Qualcomm share
- China handset market: Strong positioning evidenced by multiyear Xiaomi agreement for premium phones with increasing volumes; relationship expanding across phones, automotive, smart glasses, wearables, and tablets
Risks
- Apple revenue share decline represents headwind, though offset by growth in Android, automotive, and IoT; long-term margin profile maintained near 30% target through revenue growth in higher-margin segments
- Data center expansion is new market with execution risk; company in early stages with fiscal 2028 revenue target dependent on successful hyperscaler engagement closure
- Samsung competitive dynamic with own processor development could pressure market share, though baseline 75% share assumption and historical trend support confidence in sustained position
FY2025 Q22025-04-30
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.- Alphabet discloses $548 million worth of Qualcomm stake
- Qualcomm slumps as weak smartphone chip sales overshadow data-center momentum
- Qualcomm Revenue Falls as Handset Slowdown Offsets Automotive Gains
- Qualcomm forecasts upbeat sales on strength in non-smartphone segments
- Qualcomm signs major 5G infrastructure deal with SpaceX for Starlink Mobile network
- Anduril, Qualcomm partner on new line of US-made laptops
- Qualcomm to cut jobs worldwide in performance-focused layoffs, internal memo shows
- Huawei agrees to a multi-year patent licensing deal with Qualcomm
- Qualcomm, Apple extend licensing agreement for chips
- Qualcomm, Amazon to develop custom chips for AI data centers
Company data
Company intelligence
Updated: Nov 13, 2026, 02:44 PM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Chief executive
- Cristiano Renno Amon
- Employees
- 57,000
- IPO date
- Dec 13, 1991
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei5.75
Piotroski scorei5/9
Overall ratingiA-
Owner earningsi$1.70B$1.58 per share
ESG risk ratingiB+Industry rank: 3/29
Rating factors
- Return on equityi
- 5/5
- Return on assetsi
- 5/5
- Debt to equityi
- 2/5
- Price to earningsi
- 3/5
- Price to booki
- 2/5
Company press releases
Qualcomm Earnings Release Available on Company's Investor Relations WebsitePRNewsWireSpaceX Selects Qualcomm to Accelerate Starlink Mobile's Nationwide 5G NetworkBusiness WireDitto and Qualcomm Technologies Demonstrate Resilient Tactical-Edge Data at AUSA 2026Business WireQualcomm Schedules Fourth Quarter and Fiscal 2026 Earnings Release and Conference CallPRNewsWireQualcomm Announces Quarterly Cash DividendPRNewsWireFormer Qualcomm President Derek Aberle Joins iLumOS Advisory BoardBusiness Wire
Congressional disclosures
Senate
Alan ArmstrongPurchase · $1,001 - $15,000Disclosed: Jul 21, 2026Alan ArmstrongPurchase · $1,001 - $15,000Disclosed: Jul 22, 2026Thomas Hawley TubervilleSale · $15,001 - $50,000Disclosed: Aug 5, 2026Tommy TubervilleSale · $15,001 - $50,000Disclosed: Aug 5, 2026Thomas Hawley TubervillePurchase · $1,001 - $15,000Disclosed: May 15, 2024
House
Market cap history
$191.70B+11.2%Aug 2026 – Nov 2026
Latest: $191.70B · 2026-11-12High: $205.30B · 2026-09-21Low: $167.57B · 2026-08-24
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.26% | 33.3M |
| SCHD | 4.04% | 28.2M |
| VOO | 0.3% | 28.1M |
| QQQ | 0.83% | 22.3M |
| SMH | 4.28% | 15.8M |
| FXAIX | 0.3% | 14.5M |
| XUU.TO | 0.25% | 14.3M |
| IVV | 0.29% | 14.3M |
| 1657.T | 0.22% | 14.3M |
| SPY | 0.29% | 13.2M |
| SOXX | 4.53% | 11.5M |
| VTV | 0.73% | 10M |
Analyst track record
How the analysts covering QCOM have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 167 | 455 |
| Analysts | 46 | 54 |
| Buy / hold / sell | 43 / 105 / 19 | 222 / 197 / 36 |
| Upgrades / downgrades / initiations | 7 / 11 / 7 | 14 / 18 / 14 |
| Price targets hit / missed | 72 / 83 (46%) | 162 / 231 (41%) |
| Avg. return after a rating (TipRanks) | -1.5% | -2.7% |
| Best / worst call | +77.1% / -55.7% | +77.1% / -55.7% |
After buy calls on this stock: median 21-day move +2.8% vs S&P 500 +1.2% (n = 239)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Aaron RakersWells Fargo100% hit rate on this stock · 9 targets measuredHoldtarget $170Jul 29, 2026
- Stacy RasgonBernstein65% hit rate on this stock · 20 targets measuredHoldtarget $155Nov 11, 2026
- Thomas O'MalleyBarclays63% hit rate on this stock · 8 targets measuredSelltarget $150Nov 5, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 11, 2026 | Stacy RasgonBernsteinNov 11, 2026 | HoldMaintained | $155↗ | article ↗ |
| Nov 11, 2026 | Vivek AryaBank of America SecuritiesNov 11, 2026 | SellMaintained | $170 | |
| Nov 9, 2026 | Egor TolmachevFreedom Capital MarketsNov 9, 2026 | HoldDowngraded | $185↗ | article ↗ |
| Nov 5, 2026 | Unknown AnalystOppenheimerNov 5, 2026 | HoldMaintained | –↗ | article ↗ |
| Nov 5, 2026 | Vijay RakeshMizuho SecuritiesNov 5, 2026 | HoldMaintained | $160↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 167 ratings
Frequently asked questions
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