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Earnings transcript
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QCOM
QUALCOMM Incorporated
$184.87
2.78
(1.53%)
| Exchange: | NASDAQ |
| Market Cap: | 194.114B |
| Shares Outstanding: | 488.571M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | SemiconductorsView industry performance | |||||
| CEO: | Cristiano Renno Amon | |||||
| Full Time Employees: | 52000 | |||||
| Address: |
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| Website: | https://www.qualcomm.com |
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). The QCT division specializes in creating and supplying integrated circuits and system software, leveraging 3G, 4G, 5G, and other advanced wireless technologies. These components are essential for a range of products, including those used for wireless voice and data communication, networking, application processing, multimedia, and global positioning. The QTL segment generates revenue by licensing its extensive intellectual property portfolio, which encompasses various patent rights vital for the manufacture and sale of wireless devices, particularly those adhering to standards like CDMA2000, WCDMA, LTE, and OFDMA-based 5G. Through its QSI segment, Qualcomm invests in early-stage companies across diverse sectors such as 5G, artificial intelligence, automotive, consumer electronics, enterprise solutions, cloud computing, and the Internet of Things, aiming to support the introduction of new products and services for both existing and emerging communication applications. Furthermore, the company provides development services and related products to United States government agencies and their contractors. Founded in 1985, QUALCOMM Incorporated maintains its headquarters in San Diego, California.
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Revenue Segmentation
QCOM full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive stock analysis of Qualcomm Incorporated, ticker QCOM, one of the heavyweights in the wireless technology and semiconductor space. If you’re looking to understand whether Qualcomm is a solid investment for your portfolio, stick around because we’re covering everything from financials to recent performance, valuation, and more. Let’s get started! So, why are we talking about Qualcomm today? Well, this company has been at the forefront of…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| QCOM | QUALCOMM Incorporated | 194.1B | 23.0 | 15.2 | 17.4% |
 ADI | Analog Devices, Inc. | 203.2B | 46.5 | 42.2 | 9.6% |
 MRVL | Marvell Technology, Inc. | 238.5B | 85.9 | 95.9 | 5.4% |
 TXN | Texas Instruments Incorporated | 268.3B | 42.1 | 34.5 | 18.8% |
 KLAC | KLA Corporation | 270.3B | 51.0 | 55.8 | 35.6% |
 ASX | ASE Technology Holding Co., Ltd. | 104.3B | 50.3 | 40.8 | 7.2% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 35,820,000 | 38,962,000 | 44,284,000 |
| Gross Profit | 19,951,000 | 21,902,000 | 24,546,000 |
| EBITDA | 9,946,000 | 12,739,000 | 14,929,000 |
| Operating Income | 7,788,000 | 10,071,000 | 12,355,000 |
| Net Income | 7,232,000 | 10,142,000 | 5,541,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 51,040,000 | 55,154,000 | 50,143,000 |
| Total Liabilities | 29,459,000 | 28,880,000 | 28,937,000 |
| Total Stockholders Equity | 21,581,000 | 26,274,000 | 21,206,000 |
| Total Debt | 16,067,000 | 15,440,000 | 14,811,000 |
| Cash and Cash Equivalents | 8,450,000 | 7,849,000 | 5,520,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 11,299,000 | 12,202,000 | 14,012,000 |
| Capital Expenditure | -1,450,000 | -1,041,000 | -1,192,000 |
| Free Cash Flow | 9,849,000 | 11,161,000 | 12,820,000 |
| Net Income | 7,339,000 | 10,110,000 | 5,541,000 |
| Net Change in Cash | 5,428,000 | -678,000 | -6,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 62,488,634.052 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 73,115,569.429 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 68,416,500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 28,445,595.716 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 34,289,445.877 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 31,705,384.759 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 21,228,608.069 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 26,059,314.473 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 23,923,250.021 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,226,585.392 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 4,945,366.503 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 4,627,532.412 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 21.650 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 23.580 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 19.210 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Revenue Performance: Qualcomm reported record revenues of $11.7 billion in Q1 Fiscal 2025, as highlighted in the earnings call transcript, reflecting strong operational execution and market demand, particularly in key segments like mobile and IoT.
- Robust Financial Metrics: High gross profit margins (TTM data from Key Metrics) and consistent free cash flow generation (from Cash Flow Statements) indicate strong profitability and liquidity, providing a solid foundation for reinvestment and shareholder returns.
- Diversified Revenue Streams: Revenue Product Segments data shows significant contributions across multiple categories, including mobile handsets and IoT, reducing reliance on a single market and enhancing resilience.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates QCOM intrinsic value between $107.73 – $145.33 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about QCOM valuation
Is QUALCOMM Incorporated (QCOM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for QUALCOMM Incorporated (QCOM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is QCOM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether QCOM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is QCOM’s P/E ratio?
You can see QCOM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for QCOM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is QCOM a good long-term investment?
Whether QCOM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
QCOM
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Daily snapshot
1.53
Trading Metrics:
| Open: | 186.39 | Previous Close: | 182.09 | |
| Day Low: | 183.36 | Day High: | 188.95 | |
| Year Low: | 121.99 | Year High: | 259.92 | |
| Price Avg 50: | 171.17 | Price Avg 200: | 169.23 | |
| Volume: | 10.092M | Average Volume: | 16.214M |
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