Qualcomm FY2027 EPS Forecast Reduced by Erste Group Bank

Key Points

• Erste Group Bank lowered Qualcomm’s FY2027 EPS forecast to $7.31 from $7.46, below the $7.74 analyst consensus.
• Qualcomm’s latest quarterly results slightly missed EPS expectations at $2.21 versus $2.23, while revenue exceeded forecasts at $9.95 billion but declined 4% year over year.
• Analyst sentiment remains mixed, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.76; the company also declared a quarterly dividend of $0.92 per share, yielding about 2.2%.

Qualcomm Incorporated (NASDAQ:QCOM - Free Report) - Analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for Qualcomm in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the wireless technology company will post earnings of $7.31 per share for the year, down from their previous estimate of $7.46. The consensus estimate for Qualcomm's current full-year earnings is $7.74 per share.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. The company's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS.

Several other brokerages have also recently issued reports on QCOM. Bank of America raised their target price on shares of Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. Zacks Research upgraded shares of Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Barclays reissued an "underweight" rating and set a $180.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Rosenblatt Securities decreased their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Roth Capital assumed coverage on shares of Qualcomm in a research note on Friday, May 8th. They set a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Qualcomm has a consensus rating of "Hold" and an average price target of $203.76.

Qualcomm Stock Performance

Shares of QCOM stock opened at $164.19 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a 50 day moving average price of $172.49 and a two-hundred day moving average price of $168.85. The company has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a PEG ratio of 15.16 and a beta of 1.65.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm's payout ratio is 42.59%.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This represents a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Qualcomm

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. California State Teachers Retirement System boosted its position in shares of Qualcomm by 18,251.8% during the second quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company's stock valued at $55,673,283,000 after purchasing an additional 299,636,973 shares in the last quarter. BlackRock Inc. bought a new position in Qualcomm in the second quarter worth $17,583,115,000. Norges Bank purchased a new position in Qualcomm during the fourth quarter valued at $2,591,056,000. Bank of New York Mellon Corp purchased a new position in Qualcomm during the second quarter valued at $1,523,930,000. Finally, Deutsche Bank AG bought a new stake in shares of Qualcomm during the 2nd quarter valued at $1,178,349,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

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.

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