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QUALCOMM Incorporated

QCOM · NASDAQ

Market open$171.02$0.410000 (+0.24%)

Key statistics

Previous close$170.61
Open$166.64
Day high$171.82
Day low$164.77
52-week high$259.92
52-week low$121.99
Market cap180.26B
Volume11.05M
Average volume23.65M
P/E ratio14.35
Forward P/E13.35
EPS11.92
Dividend yield+2.09%

Market context

Why it moved

QCOM declined sharply as a broad semiconductor sector selloff swept global markets after TSMC's record-beating earnings and bullish AI outlook failed to satisfy investors pricing the sector for perfection, sending the Philadelphia Semiconductor Index down more than 4%.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Qualcomm is trading modestly lower, underperforming alongside a broad semiconductor selloff that has erased $3.3 trillion in sector market value since late June. The pressure stems from a global risk-off rotation in chip stocks driven by TSMC's higher-than-expected capex guidance, a new powerful AI model from Chinese startup Moonshot, and a Bank of America "Underperform" downgrade with a $145 price target citing a ~15% handset volume decline forecast. Countering the bearish near-term sentiment, Qualcomm declared its $0.92 quarterly dividend and has its fiscal Q3 2026 earnings call scheduled for July 29, where investors will watch for progress on its ambitious $40B fiscal 2029 non-handset revenue target.

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July 17, 2026Qualcomm shares fell sharply, caught in a broad semiconductor sector selloff triggered by valuation concerns and profit-taking despite TSMC reporting record Q2 profits with a 77% earnings surge. The sector-wide de-rating was driven by TSMC's capex reset — raising its 2026 spending guidance to $60–$64 billion — which compressed free cash flow expectations and prompted investors to question whether lofty AI-driven multiples can be sustained. Compounding the pressure, Bank of America recently reinstated Qualcomm with an 'Underperform' rating and a $145 price target, citing a ~15% decline forecast in handset unit volumes and ongoing share losses, while the stock's own earnings on July 29 loom as the next key catalyst for investors watching for clarity on the China Android inventory cycle.

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July 16, 2026Qualcomm closed essentially flat amid a volatile session for semiconductor stocks, as investors weighed the company's upcoming fiscal Q3 earnings on July 29 against a broader sector narrative. HSBC raised its price target on QCOM to $180 from $155 while maintaining a Hold rating, and a short seller's false claim of a Qualcomm-Anthropic partnership — which briefly circulated and then was debunked — contributed to a three-day slide heading into today's session. Meanwhile, investor focus is turning to whether Qualcomm can deliver on its ambitious post-Investor Day targets, including $40 billion in fiscal 2029 revenue and $15 billion from data centers alone, even as near-term handset headwinds from a China inventory overhang weigh on sentiment.

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July 15, 2026Qualcomm shares declined amid a broader semiconductor sector pullback, with the Philadelphia Semiconductor Index down over 11% from its June peak as investors reassess AI valuations, Iran-driven oil shocks, and Fed rate-hike risks. Adding company-specific pressure, a recent analysis noted QCOM trades near its own guided trough — with handset revenue expected to contract ~11% YoY by December 2026 before a mid-2027 snapback — even as Qualcomm's June 24 Investor Day doubled its fiscal 2029 non-handset revenue target to $40 billion, anchored by data center deals with Meta and Microsoft and a $65B automotive design-win pipeline.

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July 14, 2026Qualcomm shares fell nearly 3%, underperforming alongside a broad semiconductor sector selloff driven by a sharp 15% plunge in SK Hynix shares in South Korea, renewed U.S.-Iran military tensions that sent oil prices surging, and growing investor caution ahead of a critical earnings season. The sector pressure is compounded by rising short interest in QCOM specifically—ORTEX noted Qualcomm is among the stocks with the highest increase in short positions over the past three years—while TD Cowen bucked the cautious tone by raising its price target on Qualcomm to $225 from $200, maintaining a Buy rating.

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July 11, 2026Qualcomm shares edged lower on Friday, underperforming the broader technology sector as the XLK ETF closed fractionally higher, even as the S&P 500 notched a third consecutive day of gains near its 52-week high. The modest pullback follows a volatile week for semiconductors — a sharp sector-wide selloff on July 7 triggered by Samsung's earnings failing to meet AI-bar expectations was partially recovered on July 9 — but QCOM has faced its own headwinds, declining roughly 3% over the past month per recent analyst notes. Investors remain focused on the company's June 24 Investor Day commitments, where CFO Akash Palkhiwala raised the fiscal 2029 non-handset revenue target to $40 billion and set a $15 billion data center goal, alongside a street-high $300 price target issued by one analyst following that event.

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July 10, 2026Qualcomm shares rose sharply, rebounding alongside broader semiconductor peers after the sector had been battered earlier in the week by Samsung earnings-driven chip cycle fears. The gains follow a Benchmark analyst reiterating a street-high $300 price target after Qualcomm's June 24 Investor Day, where management raised its fiscal 2029 non-handset revenue target to $40 billion and outlined a $15 billion data center business goal by 2029 — giving investors a concrete near-term AI revenue story. The XLK tech sector ETF also closed higher, though QCOM's ~2.4% advance outpaced the sector, with fiscal Q3 earnings due in late July serving as the next key catalyst.

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July 9, 2026Qualcomm shares rose nearly 2% on Wednesday, bucking a broader semiconductor selloff and extending Monday's 6% surge driven by Benchmark's street-high $300 price target reiteration. The gains came despite sector-wide pressure from Samsung's earnings reaction, DeepSeek chip competition fears, and escalating U.S.-Iran geopolitical tensions pushing oil higher. Investor focus remains on Qualcomm's investor day narrative — a raised fiscal 2029 non-handset revenue target of $40 billion and a $15 billion data center revenue goal — while Arete lifted its price target to $314. Citi's 30-day downside catalyst watch over smartphone demand adds a cautionary note ahead of the company's fiscal Q3 earnings in late July.

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Yahoo Finance UK · July 17, 2026Qualcomm (QCOM) Secures Long Term Auto Supply Deals To Back AI VehiclesSimply Wall Street · July 17, 2026Qualcomm (QCOM) Secures Long Term Micron Supply For Next Generation AI VehiclesAd Hoc News · July 17, 2026Qualcomm stock steadies as investors weigh AI-driven growth after latest quarterly resultsSemiaccurate · July 15, 2026Qualcomm’s 2026 Investor Day Has Hidden GoodiesInvesting.com · June 23, 2026Qualcomm investor day to detail data center plans Wednesday By Investing.comQualcomm · April 30, 2026Qualcomm to Outline Next Phase of Growth and Diversification at Investor Day 2026
Mt Newswire · July 17, 2026GF Securities Initiates QUALCOMM at Hold With $203 Price Target
Mt Newswire · July 17, 2026Qualcomm Keeps Quarterly Dividend at $0.92 a Share, Payable Sept. 24 to Stockholders of Record on Sept. 3
Benzinga · July 17, 2026What's Going on With Micron Technology Stock Friday?
Benzinga · July 16, 2026Micron Technology Enters Strategic Customer Agreements With Tier 1 Suppliers In The Global Automotive Industry Including Qualcomm And Hyundai Mobis
Mt Newswire · July 15, 2026HSBC Adjusts Price Target on QUALCOMM to $180 From $155, Maintains Hold Rating
Benzinga · July 13, 2026TD Cowen Maintains Buy on Qualcomm, Raises Price Target to $225
Mt Newswire · July 13, 2026TD Cowen Adjusts Price Target on QUALCOMM to $225 From $200, Maintains Buy Rating
Mt Newswire · July 8, 2026Arete Adjusts Price Target QUALCOMM to $314 From $200

Peers

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