Erste Group Bank Reduces Earnings Estimates for Qualcomm

Posted by Stanley Muller on Jun 11th, 2026

Qualcomm Incorporated (NASDAQ:QCOM – Free Report) – Research analysts at Erste Group Bank reduced their FY2027 earnings estimates for Qualcomm in a research note issued to investors on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the wireless technology company will earn $7.66 per share for the year, down from their previous forecast of $7.79. The consensus estimate for Qualcomm’s current full-year earnings is $8.00 per share.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS.

Several other research analysts have also recently weighed in on QCOM. Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Friday, March 27th. BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Finally, Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $181.79.

Read Our Latest Stock Report on QCOM

Qualcomm Stock Down 6.9%

Qualcomm stock opened at $191.20 on Thursday. The stock has a market capitalization of $201.52 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 25.41 and a beta of 1.59. Qualcomm has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $181.26 and a 200-day moving average of $164.25.

Institutional Trading of Qualcomm

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co raised its position in Qualcomm by 2.3% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 29,713 shares of the wireless technology company’s stock worth $3,826,000 after acquiring an additional 665 shares in the last quarter. Chelsea Counsel Co. raised its position in Qualcomm by 12.0% during the first quarter. Chelsea Counsel Co. now owns 6,518 shares of the wireless technology company’s stock worth $839,000 after acquiring an additional 700 shares in the last quarter. CoreFirst Bank & Trust raised its position in Qualcomm by 17.3% during the first quarter. CoreFirst Bank & Trust now owns 712 shares of the wireless technology company’s stock worth $92,000 after acquiring an additional 105 shares in the last quarter. First Nebraska Trust Co bought a new stake in Qualcomm during the first quarter worth $17,774,000. Finally, Financial Solutions Advisory Group Inc. acquired a new position in shares of Qualcomm in the first quarter valued at $368,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 19,306 shares of company stock worth $3,435,583. Company insiders own 0.05% of the company’s stock.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is presently 40.00%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Nvidia CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which helped spark after-hours buying and lifted sentiment around QCOM’s AI and mobile-chip strategy. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
Positive Sentiment: Qualcomm continues to expand beyond smartphones, including a new AI-powered enterprise conference platform with Primax and collaboration with SLB on edge AI solutions, reinforcing its push into higher-growth non-mobile markets. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
Neutral Sentiment: Broker coverage remains lukewarm, with Qualcomm receiving an average “Hold” rating, suggesting Wall Street sees limited near-term upside despite its strategic initiatives.
Negative Sentiment: The stock is being hit by a broader semiconductor selloff, with reports pointing to sector-wide correction and profit-taking after a multi-month AI rally. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
Negative Sentiment: Semiconductor peers and mobile-chip stocks were also weaker, including Arm and Marvell, reinforcing that the move in QCOM appears driven more by sector weakness than company-specific fundamentals. Qualcomm Drops 6%, Arm Holdings Falls 5% as Mobile-Chip Stocks Slide in the Selloff
Negative Sentiment: Recent headlines also flagged Qualcomm as underperforming competitors, suggesting investors are favoring other chip names in the current market rotation. Qualcomm Inc. stock underperforms Tuesday when compared to competitors

About Qualcomm

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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.