QCOM Stock Recent News

Qualcomm QCOM posted a solid fiscal third-quarter performance on Wednesday, boosted by continued growth in its automotive and IoT businesses.

Market Catalysts anchor Julie Hyman breaks down the day's latest market moves. Big Tech continues to power markets.

Qualcomm Incorporated is pivoting from mobile modems to edge AI, automotive, XR, IoT, and AI PCs, targeting high-growth sectors not yet fully priced in. Despite near-term headwinds from Apple's modem exit and rising R&D, Qualcomm maintains strong margins, double-digit EPS growth, and a solid balance sheet. QCOM stock trades at a steep discount (13x forward earnings), with a combined earnings and dividend yield near 10%, offering compelling value.

Qualcomm (QCOM) shares fell Thursday, a day after the company reported results for its fiscal third quarter.

I reiterate my Buy rating on Qualcomm Incorporated stock, with a fair value estimate of $183 per share, driven by strong non-handset growth. Qualcomm's acquisition of Alphawave Semi and partnerships with Xiaomi and Aetina expand its AI, automotive, and IoT market presence. Q3 FY25 results showed double-digit growth in automotive and IoT, supporting management's $22 billion FY29 revenue target for these segments.

Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) beat Wall Street expectations for revenue and earnings in its fiscal third quarter, driven by strong growth in its automotive and Internet of Things (IoT) segments, but issued a cautious outlook for the current quarter, sending shares down 4.6% on Thursday morning. The chipmaker reported revenue of $10.37 billion for the quarter ended June 30, up 10% from a year earlier and above analysts' average estimate of $10.33 billion, according to LSEG data.