QCOM

Name: QCOM Daily Price History
Creator: Highly Regarded
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Qualcomm Inc. QCOM logo

NASDAQ Technology

$170.46

+6.24 (+3.80%)

Updated: 8/31/2026, 8:55:01 PM

Open

$164.79

High

$171.14

Low

$164.01

Prev Close

$164.19

Volume

8.22M

Price History

Why Is QCOM ▲ Up Today?

+3.80%

Full AI analysis generates after market close. Showing live price data.

Aug 31 ▲ +3.8% Qualcomm Surges on AI Chip Optimism and Strong IoT Market Forecast

Aug 28 ▼ -0.4% QCOM sees slight dip, outperforms semiconductor sector amidst broader market trends

Aug 27 ▲ +0.7% Qualcomm posts modest gain, underperforming surging chip sector

Aug 26 ▲ +2.0% QCOM Posts Modest Gains, Outpacing Sector Amid Positive Chip Outlook

Aug 25 ▲ +1.3% Qualcomm Outperforms Sector on Positive Semiconductor Outlook

Aug 24 ▼ -1.4% Qualcomm Dips Slightly, Outperforming Broader Chip Sector Decline

Aug 21 — -0.0% Qualcomm finishes nearly flat, slightly underperforming sector

Aug 20 ▼ -0.7% Qualcomm dips slightly, underperforming sector amidst mixed chip news

Aug 19 ▲ +1.1% Qualcomm Rises, Outperforming Sector on AI and SDV Optimism

Aug 18 ▼ -1.2% Qualcomm dips slightly, outperforming sector amid AI optimism

Aug 17 ▼ -2.2% Qualcomm falls, underperforming sector despite optimistic AI outlook

Aug 14 ▲ +0.6% Qualcomm Outperforms Sector Amid Positive AI and SDV Outlook

Aug 13 ▲ +1.1% Qualcomm Rises, Outperforming Sector Amid Positive AI and Automotive Outlook

Aug 12 ▲ +0.2% Qualcomm Posts Modest Gain, Outperforming Sector

Aug 11 ▲ +0.3% Qualcomm edges higher, outperforming sector on positive AI and automotive outlook

Aug 10 ▼ -3.3% Qualcomm Shares Decline Sharply, Outpacing Sector Downturn

Aug 7 ▲ +4.7% Qualcomm Extends Gains on Strong Earnings and Hyperscaler Chip Deal Momentum

Aug 6 ▲ +1.8% Qualcomm Rises, Outperforming Sector on Positive AI Outlook

Aug 5 ▼ -3.2% Qualcomm Shares Drop Over 3%, Outpacing Sector Decline

Aug 4 ▲ +7.3% Qualcomm Jumps Over 7% as AI Optimism Fuels Chipmaker Rally

Aug 3 ▲ +2.7% Qualcomm Shares Climb, Driven by Positive AI Outlook

Jul 31 ▼ -2.6% Qualcomm Shares Decline on Mixed Q3 Earnings and Cautious Q4 Outlook

Jul 30 ▼ -2.6% Qualcomm Shares Decline on Weak Q3 Earnings and Soft Q4 Guidance

Jul 29 ▼ -9.1% Qualcomm Plunges Over 9% Following Q3 2026 Earnings Report

Jul 28 ▼ -4.3% Qualcomm shares drop over 4% ahead of Q3 earnings report

Jul 27 ▲ +1.8% Qualcomm Rises, Outperforming Sector Amid AI Optimism

Jul 24 ▼ -2.4% Qualcomm Shares Decline Following Announcement of Double-Digit Chip Price Hikes

Jul 23 ▼ -2.5% Qualcomm Shares Decline 2.5%, Underperforming Sector

Jul 22 ▲ +1.2% Qualcomm posts modest gains, outperforming declining sector

Jul 21 ▲ +1.8% Qualcomm sees modest gain, slightly outperforming semiconductor sector

Financial Highlights

Income Statement

Revenue

$44.87B

Gross Profit

$24.72B

55.1% margin

Operating Income

$12.17B

27.1% margin

Net Income

$5.37B

12.0% margin

EPS (Diluted)

$4.95

R&D Spend

$9.27B

Balance Sheet

Total Assets

$53.03B

Total Liabilities

$29.96B

Stockholders' Equity

$23.07B

Long-Term Debt

$14.82B

Cash Flow

Operating Cash Flow

$14.39B

Investing Activities

-$1.85B

Net Cash Flow

-$1.53B

Highly Regarded Analysis

Updated Aug 31, 2026 • Refreshes daily

Rating

HODL

Risk

Medium

Target

$203.76

Type

Standard

Executive Summary

Qualcomm Incorporated, a global leader in wireless technology and semiconductor manufacturing, is currently navigating a significant transition. The company is strategically shifting its focus from a traditional reliance on the smartphone market towards diversifying into high-growth segments such as automotive, IoT, and data centers, heavily emphasizing AI integration. While facing headwinds from a maturing smartphone market and declining handset revenue, Qualcomm is actively pursuing new opportunities to drive future growth and reduce its dependence on its core mobile business.

Bull Case

The bull case for Qualcomm is primarily driven by its strategic pivot towards high-growth, non-handset markets, particularly AI, data centers, automotive, and IoT. The company has aggressively targeted non-handset revenue to reach $40 billion by fiscal 2029, nearly doubling its previous objective. This includes an anticipated acceleration of non-handset revenue growth from 24% in fiscal 2026 to over 60% in fiscal 2027, marking a significant inflection point. Key partnerships, such as a multi-generation agreement with Meta Platforms for data center CPUs, and the acquisition of AI software company Modular Inc., are expected to strengthen its comprehensive AI platform. Qualcomm's strong patent portfolio, extensive licensed technology network, and consistent cash flow generation further underpin its long-term potential.

Bear Case

The bear case for Qualcomm centers on the challenges posed by a maturing and saturated smartphone market, which has led to slowing demand for premium devices and a 20% year-over-year decline in handset revenue in fiscal Q3 2026. A significant risk is the anticipated faster-than-expected decline in Apple-related revenue due to Apple's transition to internal modems, with the contract ending in March 2027. Rising memory costs and other input cost headwinds are pressuring profit margins, resulting in adjusted earnings per share falling below analyst expectations. Qualcomm's forecast annual earnings growth rate is also projected to be below the broader semiconductor industry average. Furthermore, the company faces intense competition in its new data center market endeavors from established players like Nvidia and Intel.

Technical Outlook

The technical outlook for QCOM is mixed, with some recent positive signals amidst broader uncertainty. The stock price of $170.48 has broken through a resistance level at $161, which is considered a positive indicator for further upward movement. However, it has been trading below its 50-day and 200-day moving averages since late June and July, respectively. The 200-day simple moving average being at $167.05 currently generates a sell signal. The stock is within an approximate horizontal trend channel in the medium term, suggesting investor uncertainty regarding its near-term direction. The Relative Strength Index (RSI) of 56.539 indicates a 'Buy' signal.

Fundamental Health

Qualcomm demonstrates strong fundamental health in several areas, characterized by a substantial market capitalization of approximately $177.61 billion and a robust dividend yield of around 2.19%. While the company reported a 4% year-over-year decline in overall revenue for its fiscal Q3 2026, with handset revenue falling 20%, its automotive and IoT segments showed impressive growth, with combined revenues increasing 28% year-over-year and automotive specifically surging by 61%. Qualcomm is recognized as a strong cash-flow generator. The company holds $4.53 billion in cash and cash equivalents against $15.27 billion in total debt. Its price-to-earnings (P/E) ratio is approximately 19.00. However, its forecasted annual earnings growth rate of 12.54% is below the semiconductor industry's average forecast of 33.1%.

Key Catalysts

Accelerated revenue growth in non-handset segments (Automotive, IoT, Data Center, AI).
Successful execution and expansion of AI and data center initiatives, including new partnerships and product launches (e.g., Dragonfly portfolio).
Effective management of the transition away from Apple's modem business and its impact on revenue streams.
Overall global semiconductor market conditions and demand for AI-driven edge devices.
Performance in the upcoming Q4 2026 earnings report, estimated around November 4, 2026.

Sources

investtech.com barchart.com tipranks.com investtech.com investing.com robinhood.com marketbeat.com fool.com fool.com tickeron.com bingx.com qualcomm.com deepresearchglobal.com google.com wallstreetzen.com medium.com youtube.com futurumgroup.com public.com barchart.com tikr.com

This analysis was conducted by Highly Regarded's proprietary market analysis engine. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.