QUALCOMM Incorporated (NASDAQ:QCOM) to Post Q3 2026 Earnings of $2.23 Per Share, Zacks Research Forecasts

QUALCOMM Incorporated (NASDAQ:QCOM) – Analysts at Zacks Research upped their Q3 2026 EPS estimates for QUALCOMM in a report issued on Tuesday, October 15th. Zacks Research analyst R. Department now forecasts that the wireless technology company will post earnings per share of $2.23 for the quarter, up from their prior estimate of $2.22. The consensus estimate for QUALCOMM’s current full-year earnings is $8.02 per share.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The company had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $9.23 billion.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities raised their target price on shares of QUALCOMM from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Westpark Capital reissued a “hold” rating on shares of QUALCOMM in a report on Tuesday, July 30th. Tigress Financial raised their target price on shares of QUALCOMM from $238.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of QUALCOMM from $155.00 to $170.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.75.

QUALCOMM Trading Down 1.5 %

NASDAQ:QCOM opened at $171.48 on Thursday. QUALCOMM has a 12 month low of $104.33 and a 12 month high of $230.63. The firm has a fifty day simple moving average of $168.86 and a 200-day simple moving average of $182.20. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $191.37 billion, a P/E ratio of 23.05, a PEG ratio of 1.71 and a beta of 1.28.

Hedge Funds Weigh In On QUALCOMM

Hedge funds have recently made changes to their positions in the stock. DiNuzzo Private Wealth Inc. lifted its holdings in QUALCOMM by 37.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 324 shares of the wireless technology company’s stock worth $55,000 after buying an additional 88 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in QUALCOMM by 5.6% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 3,472 shares of the wireless technology company’s stock worth $590,000 after buying an additional 184 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in QUALCOMM by 39.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 176,817 shares of the wireless technology company’s stock worth $30,068,000 after buying an additional 50,438 shares in the last quarter. Sweet Financial Partners LLC lifted its holdings in QUALCOMM by 1.6% during the 3rd quarter. Sweet Financial Partners LLC now owns 11,906 shares of the wireless technology company’s stock worth $2,025,000 after buying an additional 189 shares in the last quarter. Finally, Vista Investment Partners LLC lifted its holdings in QUALCOMM by 3.4% during the 3rd quarter. Vista Investment Partners LLC now owns 2,327 shares of the wireless technology company’s stock worth $396,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CTO James H. Thompson sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at $36,229,207.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CTO James H. Thompson sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total transaction of $1,358,400.00. Following the completion of the transaction, the chief technology officer now owns 213,364 shares of the company’s stock, valued at approximately $36,229,207.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $165.95, for a total transaction of $497,850.00. Following the transaction, the chief financial officer now directly owns 51,437 shares of the company’s stock, valued at $8,535,970.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,245 shares of company stock worth $3,679,407 in the last ninety days. 0.08% of the stock is owned by insiders.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 1.98%. QUALCOMM’s payout ratio is presently 45.70%.

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.