Zacks Research Has Bearish Estimate for QUALCOMM Q3 Earnings

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Investment analysts at Zacks Research reduced their Q3 2025 earnings per share (EPS) estimates for shares of QUALCOMM in a report released on Tuesday, July 15th. Zacks Research analyst R. Department now forecasts that the wireless technology company will post earnings of $2.11 per share for the quarter, down from their prior forecast of $2.12. The consensus estimate for QUALCOMM's current full-year earnings is $9.39 per share. Zacks Research also issued estimates for QUALCOMM's Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $2.58 EPS, Q1 2027 earnings at $2.27 EPS, Q2 2027 earnings at $2.14 EPS and FY2027 earnings at $9.16 EPS.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The wireless technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.82 by $0.03. The business had revenue of $10.98 billion for the quarter, compared to the consensus estimate of $10.58 billion. QUALCOMM had a return on equity of 40.11% and a net margin of 26.11%. The business's revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $2.44 EPS.

Several other equities research analysts also recently weighed in on QCOM. Rosenblatt Securities restated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, May 1st. TD Cowen reduced their target price on QUALCOMM from $195.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Bank of America cut their price objective on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Wells Fargo & Company lowered their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Finally, Loop Capital dropped their target price on shares of QUALCOMM from $180.00 to $155.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, QUALCOMM has an average rating of "Hold" and an average target price of $186.00.

QUALCOMM Stock Up 1.4%

Shares of NASDAQ:QCOM traded up $2.19 during trading on Friday, reaching $154.80. The stock had a trading volume of 7,429,971 shares, compared to its average volume of 8,482,913. The firm's 50-day simple moving average is $153.76 and its 200 day simple moving average is $154.96. The company has a current ratio of 2.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. QUALCOMM has a one year low of $120.80 and a one year high of $196.24. The company has a market capitalization of $169.97 billion, a P/E ratio of 15.76, a PEG ratio of 1.97 and a beta of 1.26.

Institutional Investors Weigh In On QUALCOMM

Large investors have recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in QUALCOMM in the 4th quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares in the last quarter. WFA Asset Management Corp purchased a new position in QUALCOMM during the first quarter worth approximately $27,000. Finally, Sunbeam Capital Management LLC acquired a new position in QUALCOMM during the fourth quarter worth $29,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $137.74, for a total value of $220,384.00. Following the sale, the insider owned 22,793 shares in the company, valued at $3,139,507.82. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. This trade represents a 6.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock valued at $8,310,735 in the last three months. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.30%. QUALCOMM's dividend payout ratio (DPR) is presently 36.25%.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.