Analysts Offer Predictions for Qualcomm FY2027 Earnings

Qualcomm Incorporated (NASDAQ:QCOM) – Analysts at Erste Group Bank cut their FY2027 earnings estimates for shares of Qualcomm in a research report issued on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the wireless technology company will post earnings of $7.28 per share for the year, down from their prior forecast of $7.31. The consensus estimate for Qualcomm’s current full-year earnings is $7.71 per share.

Several other equities research analysts have also recently weighed in on QCOM. Rosenblatt Securities reissued a “buy” rating and issued a $235.00 price target on shares of Qualcomm in a research note on Wednesday, September 9th. Benchmark cut their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Evercore set a $159.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $205.83.

Qualcomm Stock Down 2.9%

Shares of NASDAQ:QCOM opened at $172.83 on Friday. The firm has a market cap of $184.55 billion, a P/E ratio of 20.00, a P/E/G ratio of 4.00 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm has a 12-month low of $121.99 and a 12-month high of $259.92. The business has a fifty day simple moving average of $175.97 and a 200 day simple moving average of $181.04.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in QCOM. Gibbs Wealth Management grew its position in Qualcomm by 30.9% in the 3rd quarter. Gibbs Wealth Management now owns 3,354 shares of the wireless technology company’s stock worth $617,000 after purchasing an additional 791 shares in the last quarter. Barrett & Company Inc. lifted its position in shares of Qualcomm by 34.4% during the 3rd quarter. Barrett & Company Inc. now owns 6,946 shares of the wireless technology company’s stock worth $1,278,000 after buying an additional 1,777 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Qualcomm by 12.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 40,688 shares of the wireless technology company’s stock worth $7,488,000 after buying an additional 4,602 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Qualcomm by 1,465.1% in the 3rd quarter. Sterling Capital Management LLC now owns 85,206 shares of the wireless technology company’s stock worth $15,681,000 after buying an additional 79,762 shares during the last quarter. Finally, XXI Wealth LLC boosted its stake in shares of Qualcomm by 15.8% in the 3rd quarter. XXI Wealth LLC now owns 3,711 shares of the wireless technology company’s stock worth $683,000 after buying an additional 507 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total transaction of $437,650.00. Following the transaction, the executive vice president directly owned 20,799 shares of the company’s stock, valued at $3,641,072.94. This represents a 10.73% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann C. Chaplin sold 1,827 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 33,458 shares of company stock valued at $6,198,144. Company insiders own 0.05% of the company’s stock.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio is presently 42.59%.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.