What is Zacks Research's Forecast for QUALCOMM Q1 Earnings?

Key Points

• Zacks Research reduced their Q1 2026 EPS estimate for QUALCOMM to $2.54, down from $2.55, while consensus for FY2026 earnings is projected at $9.39 per share.
• Recent analyst activity includes a downgrade from Wall Street Zen from "buy" to "hold," while Piper Sandler and UBS Group adjusted their price targets for the stock, now set at $175.00 and $165.00, respectively.
• QUALCOMM shares currently trade around $162.97 with a market cap of $175.84 billion, and the company recently reported a 10.4% year-over-year revenue increase, resulting in an EPS of $2.77 that beat estimates.

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Equities researchers at Zacks Research lowered their Q1 2026 EPS estimates for QUALCOMM in a report issued on Tuesday, October 14th. Zacks Research analyst Team now forecasts that the wireless technology company will earn $2.54 per share for the quarter, down from their prior estimate of $2.55. 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 $2.20 EPS, Q3 2026 earnings at $2.27 EPS, FY2026 earnings at $9.41 EPS, Q3 2027 earnings at $2.47 EPS, Q4 2027 earnings at $2.45 EPS and FY2027 earnings at $9.76 EPS.

A number of other research firms also recently commented on QCOM. Wall Street Zen downgraded QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Piper Sandler dropped their price objective on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. UBS Group increased their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Sanford C. Bernstein set a $185.00 price objective on QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Price Performance

Shares of QCOM opened at $162.97 on Thursday. The business's 50-day moving average is $161.32 and its 200-day moving average is $153.60. QUALCOMM has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The company has a market capitalization of $175.84 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC raised its stake in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the period. Harbor Capital Advisors Inc. increased its position in QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 65 shares during the period. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM in the second quarter worth about $32,000. Finally, Harbor Asset Planning Inc. acquired a new stake in QUALCOMM in the second quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 791 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 159,767 shares of company stock valued at $26,322,745 in the last ninety days. Company insiders own 0.08% of the company's stock.

About QUALCOMM

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.

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