Zacks Research Has Positive Outlook for QUALCOMM Q2 Earnings

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Equities researchers at Zacks Research lifted their Q2 2026 earnings per share estimates for shares of QUALCOMM in a research report issued to clients and investors on Monday, January 20th. Zacks Research analyst R. Department now anticipates that the wireless technology company will post earnings of $2.48 per share for the quarter, up from their prior estimate of $2.47. The consensus estimate for QUALCOMM's current full-year earnings is $9.12 per share. Zacks Research also issued estimates for QUALCOMM's Q3 2026 earnings at $2.34 EPS.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The wireless technology company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.25. QUALCOMM had a return on equity of 38.81% and a net margin of 26.03%. The business had revenue of $10.24 billion during the quarter, compared to the consensus estimate of $9.90 billion.

Several other equities research analysts have also commented on the stock. Sanford C. Bernstein increased their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Citigroup decreased their price target on QUALCOMM from $200.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research report on Thursday, November 7th. Mizuho decreased their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $160.00 price target on shares of QUALCOMM in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.57.

QUALCOMM Stock Up 2.4 %

Shares of QCOM stock traded up $4.12 on Thursday, hitting $174.36. The stock had a trading volume of 7,165,199 shares, compared to its average volume of 7,194,091. QUALCOMM has a 12-month low of $139.26 and a 12-month high of $230.63. The stock has a market cap of $193.71 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.79 and a beta of 1.25. The business has a 50 day moving average of $159.05 and a 200 day moving average of $168.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.40 and a quick ratio of 1.79.

Institutional Investors Weigh In On QUALCOMM

Several institutional investors and hedge funds have recently bought and sold shares of QCOM. Heck Capital Advisors LLC bought a new stake in shares of QUALCOMM during the fourth quarter valued at approximately $360,000. GFS Advisors LLC boosted its holdings in shares of QUALCOMM by 1.7% during the 4th quarter. GFS Advisors LLC now owns 7,820 shares of the wireless technology company's stock valued at $1,201,000 after buying an additional 130 shares in the last quarter. Caprock Group LLC grew its position in shares of QUALCOMM by 2.9% in the 4th quarter. Caprock Group LLC now owns 34,376 shares of the wireless technology company's stock worth $5,281,000 after buying an additional 969 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of QUALCOMM in the 4th quarter worth about $67,000. Finally, Alta Wealth Advisors LLC lifted its position in QUALCOMM by 16.3% during the 4th quarter. Alta Wealth Advisors LLC now owns 2,974 shares of the wireless technology company's stock valued at $457,000 after acquiring an additional 416 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other news, CAO Neil Martin sold 1,304 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $155.00, for a total value of $202,120.00. Following the completion of the sale, the chief accounting officer now owns 94 shares of the company's stock, valued at approximately $14,570. This represents a 93.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Ann C. Chaplin sold 1,901 shares of QUALCOMM stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $165.06, for a total value of $313,779.06. Following the completion of the transaction, the general counsel now owns 12,007 shares in the company, valued at approximately $1,981,875.42. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,882 shares of company stock worth $4,314,649 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 6th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, March 6th. QUALCOMM's dividend payout ratio is 37.82%.

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.