Qualcomm Inc/De (QCOM) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Qualcomm Inc/De (QCOM) stock forecast summary
On Oct. 16, 2026, QCOM is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
Qualcomm Inc/De is a large-cap company with a market capitalization of $180.72B. It ranks number 1 by market capitalization among the 21 Radio & Tv Broadcasting & Communications Equipment issuers in our coverage with a current forecast.
For QCOM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How QCOM ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Qualcomm Inc/De (QCOM) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Radio & Tv Broadcasting & Communications Equipment peers listed below that report each metric.
Valuation & Market
| Metric | QCOM | Rank |
|---|---|---|
| Market Cap | $180.72B | 1/21 |
| P/E Ratio | 19.65x | 4/8 |
| P/B Ratio | 6.53x | 5/16 |
| Dividend Yield | 2.12% | – |
| EPS | $8.76 | – |
| Book Value/Share | $26.34 | – |
| Revenue/Share | $41.97 | – |
| FCF/Share | $9.92 | – |
Profitability & Margins
| Metric | QCOM | Rank |
|---|---|---|
| ROE | 33.5% | 4/15 |
| ROA | 16.1% | 5/15 |
| ROIC | 22.2% | 7/19 |
| Gross Margin | 54.2% | 3/15 |
| Operating Margin | 23.2% | 3/17 |
| Net Margin | 21.0% | 3/14 |
| EBT Margin | 25.4% | 4/17 |
| Tax Rate | 17.4% | – |
Financial Health
| Metric | QCOM | Rank |
|---|---|---|
| Current Ratio | 2.02x | 12/21 |
| Quick Ratio | 1.28x | 16/20 |
| D/E Ratio | 1.07x | 6/18 |
| Financial Leverage | 2.07x | 7/19 |
| Interest Coverage | 9.1x | 3/16 |
| Working Capital | $11.59B | 1/20 |
Cash Flow
| Metric | QCOM | Rank |
|---|---|---|
| Operating Cash Flow | $12.40B | 1/20 |
| Free Cash Flow | $10.42B | 2/14 |
| Capital Spending | -$1.99B | 14/14 |
| OCF Growth YoY | -2.1% | 9/11 |
| FCF Growth YoY | -10.4% | 5/7 |
| FCF/Sales | 23.6% | 3/15 |
| CapEx/Sales | 4.5% | 8/15 |
Operational Efficiency
| Metric | QCOM | Rank |
|---|---|---|
| Asset Turnover | 0.77x | 5/16 |
| Inventory Turnover | 2.4x | 15/19 |
| Fixed Assets Turnover | 8.4x | 10/17 |
| Days Inventory | 152 days | 3/19 |
| Payables Period | 52 days | 12/19 |
Income Statement
| Metric | QCOM | Rank |
|---|---|---|
| Total Revenue | $44.07B | 2/16 |
| Operating Income | $10.22B | 1/19 |
| Net Income | $9.26B | 1/14 |
| R&D Expense | $9.89B | 3/19 |
| SG&A Expense | $3.65B | 3/20 |
| Cost of Goods Sold | $20.17B | 3/19 |
Dividend & Shareholder Information
| Metric | QCOM | Rank |
|---|---|---|
| Dividends Per Share | $3.64 | – |
| Payout Ratio | 41.5% | – |
| Shares Outstanding | 1050M | – |
| Net Income Growth | -20.0% | 5/7 |
| EPS Growth | -15.4% | 5/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $23.00B | 40.1% of assets |
| Cash & Short-term Investments | $4.53B | 7.9% of assets |
| Inventory | $8.38B | 14.6% of assets |
| Total Liabilities | $29.71B | 51.8% of assets |
| Short-term Debt | $8.52B | 14.8% of assets |
QCOM quarterly financials and insider trading
Qualcomm Inc/De (QCOM) industry peers
Companies classified under the same SEC industry code as Qualcomm Inc/De (Radio & Tv Broadcasting & Communications Equipment): 21 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| QCOM Qualcomm Inc/De | ▶ | $180.72B |
| MSI Motorola Solutions, Inc. | ▼ | $76.65B |
| NOK Nokia Corp | ▶ | $52.48B |
| UI Ubiquiti Inc. | ▼ | $36.37B |
| ERIC Ericsson Lm Telephone Co | ▼ | $35.57B |
| PL Planet Labs Pbc | ▲ | $4.93B |
| ONDS Ondas Inc. | ▼ | $3.45B |
| VISN Vistance Networks, Inc. | ▶ | $1.34B |
| HLIT Harmonic Inc. | ▶ | $1.17B |
| UMAC Unusual Machines, Inc. | ▼ | $815M |
| BKSY Blacksky Technology Inc. | ▲ | $709M |
| SATL Satellogic Inc. | ▲ | $590M |
| GILT Gilat Satellite Networks Ltd | ▶ | $578M |
| BKTI Bk Technologies Corp | ▼ | $245M |
| CRNT Ceragon Networks Ltd | ▲ | $180M |
| VUZI Vuzix Corp | ▲ | $180M |
| AIRG Airgain Inc | ▲ | $53M |
| WATT Energous Corp | ▶ | $47M |
| CMTL Comtech Telecommunications Corp /De/ | ▲ | $42M |
| PRKR Parkervision Inc | ▶ | $13M |
| KUST Kustom Entertainment, Inc. | ▼ | $2M |
Where QCOM sits on the market map
Qualcomm Inc/De (QCOM) stock news
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Qualcomm Inc/De (QCOM) stock forecast FAQ
What is the Qualcomm Inc/De (QCOM) stock forecast?
On Oct. 16, 2026, QCOM is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5172 stocks scored that day.
How accurate are Qualcomm Inc/De stock predictions?
For QCOM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 35.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -9.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Qualcomm Inc/De forecasts updated?
Qualcomm Inc/De forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Qualcomm Inc/De's industry peers?
21 issuers in our coverage, QCOM included, share the SEC industry code Radio & Tv Broadcasting & Communications Equipment. The largest are: Motorola Solutions, Inc. (MSI), Nokia Corp (NOK), Ubiquiti Inc. (UI), Ericsson Lm Telephone Co (ERIC), Planet Labs Pbc (PL), Ondas Inc. (ONDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.