# QUALCOMM Incorporated (QCOM) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $168.74, market value $180.2 billion.

## Valuation
- **P/E (trailing): 19.3×** (5-yr avg 18.5×, 3-yr avg 22.5×). QUALCOMM Incorporated trades at 19.3× trailing earnings, close to its own five-year average of 18.5×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 16.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.1×**. Each dollar of revenue is priced at 4.1×.
- **Price / book: 6.4×**. The shares trade at 6.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 16.1×**. Enterprise value is 16.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.8%** (5-yr avg 6.6%). Free cash flow equals 5.8% of the market value, in line with its five-year average of 6.6%. Above 5% is generally attractive.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Operating margin: 23.2%**. 23.2% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 12.5%**. 12.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.1%**. 26.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 26.5%**. Return on all capital, debt included, is 26.5%: comfortably above what that capital costs.
- **Return on assets: 18.5%**. Each dollar of assets produces 18.5% of profit.

## Growth
- **Revenue growth (1 yr): 13.7%** (3-yr 0.1%/yr, 5-yr 13.5%/yr). Revenue grew 13.7% over the last year, against 13.5% a year compounded over five years.
- **EPS growth (1 yr): -44.1%** (3-yr -23.9%/yr, 5-yr 2.1%/yr). Earnings per share fell 44.1%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 23.3%/yr**. Free cash flow has compounded at 23.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.70**. Debt is 0.70 times equity, moderate leverage.
- **Net debt / EBITDA: 0.8×**. It would take 0.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 6.03**. A Z-score of 6.03 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.18%** ($3.59 per share, trailing). QUALCOMM Incorporated yields 2.18%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 69%** (37% of free cash flow). 69% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 6**. 6 straight years of increases.
- **Dividend growth (5 yr): 6.5%/yr** (1-yr 5.1%). The dividend has grown 6.5% a year over five years.

## Analyst view
- **Analyst consensus: hold** (29 analysts). 29 analysts cover QUALCOMM Incorporated; the consensus is hold, with an average price target of $193.90 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 7.3%** (YTD -0.4%, 3-mo -21.9%). The shares are up 7.3% over twelve months including dividends.
- **From 52-week high: -35.1%** (38.3% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 2.02** (volatility 52%). Beta of 2.02 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=QCOM · Page: https://foliofundamentals.com/stocks/qcom

Not investment advice.