KeyCorp Comments on Qualcomm’s Q3 Earnings (NASDAQ:QCOM)

Qualcomm Incorporated (NASDAQ:QCOM) – Stock analysts at KeyCorp reduced their Q3 2026 earnings estimates for Qualcomm in a research note issued on Monday, July 13th. KeyCorp analyst J. Vinh now expects that the wireless technology company will post earnings per share of $1.58 for the quarter, down from their previous estimate of $1.66. The consensus estimate for Qualcomm’s current full-year earnings is $7.97 per share. KeyCorp also issued estimates for Qualcomm’s Q4 2026 earnings at $1.69 EPS, FY2026 earnings at $8.02 EPS, Q1 2027 earnings at $1.95 EPS, Q2 2027 earnings at $1.72 EPS, Q3 2027 earnings at $1.54 EPS, Q4 2027 earnings at $1.74 EPS and FY2027 earnings at $6.95 EPS.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS.

A number of other research firms have also weighed in on QCOM. Royal Bank Of Canada increased their target price on shares of Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. Daiwa Securities Group upgraded Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Friday, May 8th. Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Roth Capital assumed coverage on Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group started coverage on Qualcomm in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and a consensus price target of $221.31.

Qualcomm Price Performance

QCOM stock opened at $171.78 on Friday. The firm’s 50-day moving average price is $207.62 and its two-hundred day moving average price is $168.42. Qualcomm has a 12-month low of $121.99 and a 12-month high of $259.92. The stock has a market capitalization of $181.06 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 5.11 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.

Qualcomm Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm’s payout ratio is presently 40.00%.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,721 shares of company stock worth $4,044,465 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Qualcomm

Several hedge funds have recently made changes to their positions in QCOM. Rosenberg Matthew Hamilton grew its stake in Qualcomm by 5.8% in the second quarter. Rosenberg Matthew Hamilton now owns 1,899 shares of the wireless technology company’s stock worth $351,000 after purchasing an additional 104 shares during the period. Pachira Investments Inc. purchased a new position in Qualcomm during the second quarter valued at $201,000. Cypress Point Wealth Management LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at $314,000. Farther Finance Advisors LLC boosted its holdings in shares of Qualcomm by 4.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 84,539 shares of the wireless technology company’s stock valued at $15,627,000 after buying an additional 3,418 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of Qualcomm by 3.8% during the 2nd quarter. Ballentine Partners LLC now owns 30,077 shares of the wireless technology company’s stock valued at $5,558,000 after buying an additional 1,098 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm announced a quarterly cash dividend of $0.92 per share, reinforcing shareholder returns and supporting the stock’s income appeal. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: Micron said it signed long-term supply agreements with Qualcomm and other partners for memory and storage components used in AI-enabled vehicles, which highlights Qualcomm’s push into automotive AI and could improve supply reliability. Micron signs deals with Qualcomm, others for AI-powered automobile chip components
• Positive Sentiment: Qualcomm’s automotive AI expansion was further emphasized in reporting on new long-term auto supply deals, which may support longer-term growth expectations for its chip platforms. Qualcomm Secures Long Term Auto Supply Deals To Back AI Vehicles
• Neutral Sentiment: Qualcomm remains a dividend payer and was featured among legacy tech names offering shareholder yields, which is more of a stability signal than a direct catalyst. 4 Tech Stocks Throwing Off Dividends
• Negative Sentiment: GF Securities initiated coverage with a Hold rating, saying there is still not enough visibility on Qualcomm’s AI250 outlook, adding to caution around near-term upside. Qualcomm Slips 2% After GF Securities Starts Coverage With Hold Rating
• Negative Sentiment: KeyCorp lowered earnings estimates across multiple future periods, including FY2026 and FY2027, signaling some concern about Qualcomm’s profit trajectory. Qualcomm Incorporated stock page

Qualcomm Company Profile

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.