Qualcomm (NASDAQ:QCOM – Get Free Report) is anticipated to release its Q2 2026 results after the market closes on Wednesday, April 29th. Analysts expect Qualcomm to post earnings of $2.58 per share and revenue of $10.5916 billion for the quarter. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, April 29, 2026 at 4:45 PM ET.
Qualcomm (NASDAQ:QCOM – Get Free Report) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter in the prior year, the business posted $3.41 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect Qualcomm to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Qualcomm Trading Down 1.4%
Shares of Qualcomm stock opened at $135.56 on Wednesday. The company has a fifty day simple moving average of $134.36 and a 200-day simple moving average of $155.87. Qualcomm has a 12-month low of $121.99 and a 12-month high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock has a market cap of $144.64 billion, a price-to-earnings ratio of 28.01 and a beta of 1.28.
Qualcomm Increases Dividend
Qualcomm declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
Key Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm raised its dividend, which supports shareholder returns and can attract income-focused buyers amid near-term uncertainty. Qualcomm Just Increased Its Dividend. Should You Buy QCOM Stock Here?
- Positive Sentiment: Analysts and commentators had been pointing to a multi-day rally (nine days) that suggested buyers were reclaiming the stock after earlier weakness — this prior momentum can limit downside and attract dip buyers. Qualcomm (QCOM) Extends Rally to Nine Days — Is the Bottom In?
- Neutral Sentiment: Recent coverage from Zacks and other outlets shows high retail/attention in QCOM, which can amplify moves but doesn’t change fundamentals by itself. These trend pieces explain interest rather than provide new catalyst. Is Trending Stock QUALCOMM Incorporated (QCOM) a Buy Now?
- Neutral Sentiment: Lobbying disclosures show $1.68M of Q1 2026 lobbying focused on vehicle tech, AI/6G and semiconductor tax-credit policy — signals of strategic regulatory engagement but not an immediate market mover. Lobbying Update: $1,680,000 of QUALCOMM INCORPORATED lobbying was just disclosed
- Negative Sentiment: UBS cut its price target to $150, flagging rising memory prices as a new semiconductor-sector headwind that could pressure QCOM’s margins and sentiment. Analyst downgrades/target cuts tend to trigger selling and reduce upside expectations. UBS Trims Qualcomm’s Target to $150: Why Rising Memory Prices Are Becoming a Chip Stock Headwind
- Negative Sentiment: BNP Paribas downgraded QCOM to Neutral and slashed its target from $180 to $120 citing persistent smartphone weakness — a large cut that materially lowers earnings expectations and contributed to today’s selling pressure. BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness
- Negative Sentiment: Disclosure data show heavy insider selling and large institutional reductions (e.g., UBS AM trimmed holdings substantially) — that combination raises concern about near-term conviction among some holders and can amplify downside. Lobbying Update: $1,680,000 of QUALCOMM INCORPORATED lobbying was just disclosed
- Negative Sentiment: Today’s move also ended a nine-day winning streak, reinforcing short-term technical selling pressure even after the recent rally. Qualcomm snaps nine-day winning streak
Insider Activity
In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 9,118 shares of company stock worth $1,233,705. Corporate insiders own 0.05% of the company’s stock.
Hedge Funds Weigh In On Qualcomm
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew its holdings in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after buying an additional 4,290,622 shares during the last quarter. Amundi grew its holdings in shares of Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Qualcomm by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,844,836 shares of the wireless technology company’s stock worth $1,855,010,000 after buying an additional 64,450 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Qualcomm by 13.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,463,461 shares of the wireless technology company’s stock worth $1,276,722,000 after buying an additional 911,034 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in shares of Qualcomm by 59.1% during the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after buying an additional 1,641,068 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Analysts Set New Price Targets
QCOM has been the topic of several research reports. Argus dropped their price objective on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. The Goldman Sachs Group initiated coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price objective on the stock. Susquehanna lowered Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of Qualcomm in a report on Thursday, January 15th. Finally, Rosenblatt Securities dropped their price objective on Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $159.48.
Check Out Our Latest Stock Analysis on QCOM
About Qualcomm
Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
Further Reading
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