QUALCOMM Incorporated

QCOM

QUALCOMM Incorporated

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for QUALCOMM Incorporated.

R40: 15 · 2026 Q2 $159.27B
$147.61
Rule of 40 2026 Q2
14.6
✗ Below 40
Revenue Growth YoY -3.5%
+
FCF Margin +18.1%
History
54
Q1
38
Q2
35
Q3
42
Q4
2025 R40 +43
41
Q1
15
Q2
ANALYST RATINGS
Buy Avg target withheld — over 90 days old
Latest analyst action Feb 17, 2026
QCOM
Daiwa Securities
Neutral $140
Downgrade
2026-02-11
Morgan Stanley
Underweight $132
Resumed
2026-02-10
Susquehanna
Neutral $140
Downgrade
2026-02-05
BofA Securities
Neutral $155
Downgrade
2026-02-05
RBC Capital Mkts
Sector Perform $180
Initiated
2026-01-15

See all 17 ratings →

Company timeline

Earnings release dates

Quarter End date Publication date Release
2026 Q3 2026-06-28 2026-07-29 Details →
2026 Q2 2026-03-29 2026-05-07 Details →
2026 Q1 2025-12-28 2026-02-04 Details →
2025 Q4 2025-09-28 2025-11-05 Details →
2025 Q3 2025-06-29 2025-07-30 Details →
2025 Q2 2025-03-30 2025-05-07 Details →
2025 Q1 2024-12-29 2025-02-05 Details →
2024 Q4 2024-09-29 2024-11-06 Details →
2024 Q3 2024-06-30 2024-07-31 Details →
2024 Q2 2024-03-31 2024-05-01 Details →
2024 Q1 2023-12-31 2024-01-31 Details →

All QCOM earnings →

Background

Company History

Exchange
NASDAQ
IPO Date
Dec 16, 1991
Shares Outstanding
1.08B
1985
Founding of Qualcomm

Irwin Jacobs and team establish company focused on wireless communications; pioneers CDMA technology.

1995
CDMA Adoption and Licensing Model

CDMA becomes global 3G standard; Qualcomm builds massive patent portfolio and licensing (QTL) revenue stream.

2007
Snapdragon Platform Launch

Introduces Snapdragon processors; shifts from pure IP/licensing to fabless semiconductor design, capturing handset market.

2019
Major Legal Disputes and Settlements

FTC/Apple antitrust battles over licensing practices; $4.5B-$4.7B settlements; reinforces patent strength.

2021
Nuvia Acquisition

Acquires Nuvia for custom CPU tech; strengthens Arm-based designs for PCs and beyond.

2024
Snapdragon X Elite Launch for PCs

Enters Arm-based Windows PCs with high-performance, efficient chips; challenges Intel/AMD in laptops.

2025
Automotive and IoT Momentum

Automotive revenues surpass $1B quarterly; strong IoT growth; narrative evolves to 'beyond mobile'.

2026
Record Results Amid Memory Crunch and Data Center Push

Q1 FY2026 record revenues; Alphawave acquisition accelerates data center entry; short-term memory shortage headwinds but confident in $22B non-handset target by 2029.

Leadership

Key Players

Cristiano Amon
President & CEO
CEO since June 2021. 26-year Qualcomm veteran. Led diversification beyond smartphones into automotive and IoT.
Akash Palkhiwala
CFO & COO
CFO since 2019, added COO role in 2024. Former SVP of Qualcomm Technology Licensing. Stanford MBA.
Alex Rogers
President, QTL
Runs Qualcomm Technology Licensing, the high-margin patent business. Key to revenue diversification.
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