Qualcomm (QCOM) Projected to Post Earnings on Wednesday

Qualcomm (NASDAQ:QCOM) is expected to be issuing its Q3 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of $2.22 per share and revenue of $9.6949 billion for the quarter. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Investors can check the company’s upcoming Q3 2026 earning report for the latest details on the call scheduled for Wednesday, July 29, 2026 at 4:45 PM ET.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the prior year, the firm earned $2.85 EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, analysts expect Qualcomm to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Qualcomm Trading Up 1.8%

Shares of NASDAQ QCOM opened at $170.04 on Tuesday. Qualcomm has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a market cap of $179.22 billion, a PE ratio of 18.48, a P/E/G ratio of 4.96 and a beta of 1.63. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $202.85 and a two-hundred day moving average of $168.25.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 40.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QCOM. Melius Research set a $220.00 price target on shares of Qualcomm in a report on Monday, May 18th. Susquehanna increased their price objective on Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Morgan Stanley upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $146.00 to $231.00 in a research report on Thursday, June 25th. Finally, Lake Street Capital lowered Qualcomm to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $222.77.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Viking Global Investors LP lifted its stake in Qualcomm by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares during the period. Rafferty Asset Management LLC boosted its holdings in Qualcomm by 59.1% during the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after buying an additional 1,641,068 shares during the last quarter. Amundi boosted its holdings in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Qualcomm by 13.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,463,461 shares of the wireless technology company’s stock worth $1,276,722,000 after buying an additional 911,034 shares during the period. 74.35% of the stock is currently owned by institutional investors.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.