QCOM
QualcommNASDAQInformation TechnologySemiconductorsSnapshot 2026-05-08
As of May 8, 2026, QCOM has a composite score of 20.6, categorized as "mild favorable." This score is influenced by a medium confidence level of 77.6 and a high guidance credibility of 100.0. Key drivers include macroeconomic factors such as rates, growth, inflation, and labor, with a notable momentum score of -29.6 indicating some challenges. The valuation score is 72.1, labeled as "inexpensive."
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)-0.03
- Bonus0.00
Why this rank
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $2.45 → $2.22 (-9.3% / 30d). 1 raised, 22 cut, 28 covering analysts.
0 upgrades, 2 downgrades / 30d, 13 maintained. 28% of analysts rate Buy.
15 PT revisions / 30d. Avg target 8.5% above current price.
0 positive, 0 negative / 30d.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
8 material events in the last 24 months — top 5 listed below.
Stated priorities
2 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Address memory supply constraintssupply chainwatchprovisional
2/4: “Our guidance includes the estimated impact of memory supply constraints on demand.”
Why this status
Stated in 2 of last 2 quarters. Revenue decreased from $12.25B in 2026-Q1 to $10.6B in 2026-Q2, reflecting the impact of supply constraints. Persistent statement, limited substantive delivery this quarter.
- 2.Maintain EPS guidancecapital allocationmixed65% progress
4/29: “Non-GAAP diluted EPS $2.10 - $2.30 for Q3 2026.”
Why this status
Stated in 3 of last 3 quarters. EPS guidance for 2026-Q3 is $2.10 - $2.30. Despite revenue decline, EPS guidance remains consistent, indicating management's focus on maintaining profitability.
Guidance track record
Last 6 quarters of EPS guidance with actuals.
Per-quarter detail
| Period | Guidance | Actual | Result |
|---|---|---|---|
| 2024-09-30 | $2.45 – $2.65 | $2.69 | beat |
| 2025-03-31 | $2.70 – $2.90 | $2.85 | inside |
| 2025-06-30 | $2.60 – $2.80 | $2.77 | inside |
| 2025-09-30 | $2.75 – $2.95 | $3.00 | beat |
| 2025-12-31 | $2.85 – $3.05 | $3.50 | beat |
| 2026-03-31 | $2.45 – $2.65 | $2.65 | inside |
Beat / inside / miss is computed from the guided range when issued; for point-estimate quarters a ±5% tolerance band around the mid is used. surprise_pct_vs_mid is unstable when guided EPS is near zero, so it is not surfaced as a headline.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 66%; 252d 38%.
Drawdown — Max 1y −33%. Bad day move −3%.
Beta to sector ETF (XLK) — 0.08 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 36/100, drawdown 34/100, beta 8/100, earnings vol —.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 100% of the last 6 guided quarters · 6.3% avg surprise
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Address memory supply constraints
Supply chainNew since 2026-05-04Focus on resolving memory supply constraints impacting handset demand.
WatchStated in 2 of last 2 quarters. Revenue decreased from $12.25B in 2026-Q1 to $10.6B in 2026-Q2, reflecting the impact of supply constraints. Persistent statement, limited substantive delivery this quarter.
No scoreCEO/CFO:“Our guidance includes the estimated impact of memory supply constraints on demand.”Multiple sourcesSource dated 2026-02-04Stated 2 of last 8 quartersFirst seen 2026-05-04provisionalShow history (2)
- 2026-Q2Multiple sources
“Our guidance includes the estimated impact of memory supply constraints.”
- 2026-Q1Multiple sources
“Memory supply constraints and related pricing on demand from several handset customers.”
- #2
Maintain EPS guidance
Capital allocationNew since 2026-05-04Continue to meet EPS guidance despite market challenges.
On track →MixedStated in 3 of last 3 quarters. EPS guidance for 2026-Q3 is $2.10 - $2.30. Despite revenue decline, EPS guidance remains consistent, indicating management's focus on maintaining profitability.
65%CEO/CFO:“Non-GAAP diluted EPS $2.10 - $2.30 for Q3 2026.”Multiple sourcesSource dated 2026-04-29Stated 3 of last 8 quartersFirst seen 2026-05-04Show history (3)
- 2026-Q2Multiple sources
“Non-GAAP diluted EPS $2.10 - $2.30.”
- 2026-Q1Multiple sources
“Non-GAAP diluted EPS $2.45 - $2.65.”
- 2025-Q4Multiple sources
“Non-GAAP diluted EPS $3.30 - $3.50.”
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
P/E over the last 5 years
71 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
QCOM Qualcomm | +21 | inexpensive | elevated |
NVDA NVIDIA Corporation | +20 | full | moderate |
AAPL Apple Inc | +19 | full | moderate |
MSFT Microsoft | +27 | fair | elevated |
AVGO Broadcom | +11 | expensive | elevated |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If information_technology sector trend rises from +0.08 into 'improving' (>= +0.20)+5.0 pts
- If next-quarter guidance is raised (currently NEW as of 2026-04-29)+4.0 pts
- If next-quarter guidance is cut (currently NEW as of 2026-04-29)-8.0 pts
- If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
- If information_technology sector trend falls from +0.08 into 'weakening' (<= -0.20)-5.0 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-299d agoItem 2.02
Results of Operations and Financial Condition. On April 29, 2026, QUALCOMM Incorporated (the Company) issued a press release regarding the Company’s financial results for its second quarter of fiscal 2026. A copy of that press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The press release includes Non-GAAP financial measures as defined in Regulation G. The press release also includes the most directly comparable financial measures calculated and presented…
earnings preannouncementneutralscore 53 - 2026-02-043mo agoItem 2.02
Results of Operations and Financial Condition. On February 4, 2026, QUALCOMM Incorporated (the Company) issued a press release regarding the Company’s financial results for its first quarter of fiscal 2026. A copy of that press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. The press release includes Non-GAAP financial measures as defined in Regulation G. The press release also includes the most directly comparable financial measures calculated and presented…
earnings preannouncementneutralscore 8 - 2026-01-163mo agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 13, 2026, Christopher D. Young, a member of the Board of Directors (the “Board”) of QUALCOMM Incorporated (the “Company”), informed the Board that due to the significant time commitment required in his new role as Chief Executive Officer and a member of the board of directors of Vertex, Inc., he will be stepping down from the Board e…
executive changeneutralscore 4 - 2025-12-164mo agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On December 10, 2025, Kornelis (Neil) Smit, a member of the Board of Directors (the “Board”) of QUALCOMM Incorporated (the “Company”), informed the Board that he will be retiring from the Board effective as of the Company’s 2026 Annual Meeting of Stockholders. Mr. Smit will conclude his time on the Board after nearly 8 years of distinguished se…
executive changeneutralscore 2 - 2025-09-028mo agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On September 2, 2025, the Board of Directors (the “Board”) of QUALCOMM Incorporated (the “Company”) elected Dr. Jeremy (Zico) Kolter, Professor and Department Head of the Machine Learning Department in the School of Computer Science at Carnegie Mellon University, to the Board. Dr. Kolter was elected for a term of office that expires at the Comp…
executive changeneutralscore 0
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.