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 advanced connectivity and high-performance, and low-power 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 CDMA2000, WCDMA, LTE and/or OFDMA-based 5G products. 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. The company was incorporated in 1985 and is headquartered in San Diego, California.
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $160 to $245, reflecting both optimism and caution about Qualcomm's growth trajectory |
Apple Challenge | Uncover the potential impact of Apple's in-house modem development on Qualcomm's future, with analysts estimating a possible $1.75 per share headwind |
Diversification Drive | Delve into Qualcomm's strategic expansion into automotive and IoT sectors, with projected CAGR of 22% in automotive revenues by fiscal year 2029 |
5G Dominance | Explore Qualcomm's leadership in 5G technology and its strong position in the premium smartphone market, driving consistent revenue growth and market outperformance |
Metrics to compare | QCOM | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipQCOMPeersSector | |
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P/E Ratio | 14.3x | −22.5x | 10.7x | |
PEG Ratio | 0.41 | 0.75 | 0.01 | |
Price / Book | 5.6x | 2.8x | 2.4x | |
Price / LTM Sales | 3.7x | 3.3x | 1.9x | |
Upside (Analyst Target) | 39.0% | 48.2% | 43.2% | |
Fair Value Upside | Unlock | 24.0% | 9.5% | Unlock |