Qualcomm (QCOM) ended the recent trading session at $173.67, demonstrating a +1.97% change from the preceding day’s closing price. The stock outpaced the S&P 500’s daily gain of 0.89%. On the other hand, the Dow registered a gain of 0.74%, and the technology-centric Nasdaq increased by 1.29%.
Heading into today, shares of the chipmaker had lost 23.25% over the past month, lagging the Computer and Technology sector’s loss of 6.6% and the S&P 500’s loss of 0.63%.
Market participants will be closely following the financial results of Qualcomm in its upcoming release. The company plans to announce its earnings on July 29, 2026. The company is expected to report EPS of $2.22, down 19.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.73 billion, down 6.16% from the prior-year quarter.
QCOM’s full-year Zacks Consensus Estimates are calling for earnings of $10.79 per share and revenue of $42.71 billion. These results would represent year-over-year changes of -10.31% and -3.25%, respectively.
Investors might also notice recent changes to analyst estimates for Qualcomm. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Right now, Qualcomm possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Qualcomm is presently trading at a Forward P/E ratio of 15.79. This indicates a discount in contrast to its industry’s Forward P/E of 43.32.
It’s also important to note that QCOM currently trades at a PEG ratio of 3.74. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. As the market closed yesterday, the Electronics – Semiconductors industry was having an average PEG ratio of 1.66.
The Electronics – Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 47, positioning it in the top 20% of all 250+ industries.
