QUALCOMM Incorporated (QCOM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

QUALCOMM Incorporated

NasdaqGS•Technology•Semiconductors

$188.71+3.87(0.02%)After hours

Market Cap

$199.47B

P/E

21.5x

P/S

4.5x

P/B

7.2x

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. In addition, the company is also involved in Qualcomm government technologies and data center businesses. Further, it provides security and intelligence services for unmanaged networks through software-based network security solutions. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Balance Sheet & Red Flags (22/25); weakest: Growth (11/25).

Profitability16/25

Growth11/25

Balance Sheet & Red Flags22/25

Cash & Earnings Quality16/25

Strengths

Strong marginsHigh ROELow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.5x5y range 10.5x – 34.9x

Currently above its 20-quarter median.

P/S · 4.5x5y range 2.9x – 6.4x

Currently near its 20-quarter median.

P/B · 7.2x5y range 5.0x – 18.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 17.4% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $199.47B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $44.07B
Q. Revenue: $9.95B
TTM EBITDA: $11.79B
TTM Op. Income: $10.22B
Q. Op. Income: $1.63B
TTM Net Income: $9.26B
Q. Net Income: $2.00B
EPS: $1.89
Shares Out.: $1.06B

$44.07B in TTM revenue grew 1.9% YoY, reaching $9.95B last quarter. TTM EBITDA of $11.79B and TTM operating income of $10.22B show growth is flowing through to the bottom line. TTM net income of $9.26B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.1%
EBITDA Margin: 20.3%
Op. Margin: 16.3%
Net Margin: 20.1%

Op. margin of 16.3% is down 10.3% YoY — costs are rising relative to revenue. Net margin at 20.1% and gross margin of 53.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 21.5x
P/S Ratio: 4.5x
P/B Ratio: 7.2x

At 21.5x P/E, the stock trades within typical market levels. P/S of 4.5x and P/B of 7.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 44% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $57.37B
Cash: $4.53B
Long-Term Debt: $12.78B
Book Value: $27.66B
D/E Ratio: 0.5
Debt/EBITDA: 6.3

With $57.37B in assets and $12.78B in long-term debt, D/E is 0.5and book value is $27.66B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $991.00M
TTM Free Cash Flow: $10.42B
FCF Margin: 23.6%
FCF / Net Income: 1.1

TTM FCF of $10.42B on $991.00M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.