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AI Equity Research · Technology

QUALCOMM Incorporated (QCOM)

AI stock analysis · Semiconductors · Last analyzed Aug 20, 2026

Compass Score
3.0/5
Call
Hold
Price
$161.91
AI Target
$193.10 +19.3%
AI Analyst Summary

QUALCOMM trades at a compelling PEG of 0.71 and a forward P/E of 15.9x — well below semiconductor peers — making it a potential value play as the mobile and IoT chip cycle turns. The core bull thesis rests on a cyclical earnings recovery in Snapdragon mobile, expanding automotive and edge AI design wins, and an underappreciated diversification away from handsets. The key risk is that the earnings recovery timeline remains uncertain, with YoY EPS contraction of -23% still weighing on near-term sentiment and keeping the analyst consensus firmly in Hold territory.

Catalysts
Fundamentals
Pe Trailing P/E: 18.3x | Forward P/E: 15.9x · 4.0/5
Trailing P/E of 18.3x and forward P/E of 15.9x are materially below the semiconductor sector median, suggesting the market is not fully pricing in QCOM's earnings power. Valuation appears attractive relative to peers.
Peg PEG Ratio: 0.71 · 5.0/5
PEG of 0.71 is well below 1.0, indicating the stock is undervalued relative to its long-term growth expectations. This is a strong positive signal, though near-term earnings contraction moderates conviction slightly.
Analyst Rating Hold (2.6) · 3.0/5
Consensus of 2.6 on the inverted scale (11 Buy / 23 Hold / 3 Sell, 30 analysts) maps to a neutral/hold stance. The large Hold contingent reflects uncertainty around near-term cyclical headwinds, capping the bullish signal.
Earnings Trend EPS Growth YoY: -23.0% | Revenue Growth YoY: -4.0% · 2.0/5
Year-over-year earnings contraction of -23% and revenue decline of -4% reflect a cyclical trough in the semiconductor industry. Growth is currently negative, representing a meaningful headwind, though the low forward P/E implies the market anticipates a recovery.
Price Target Beat EPS Beat Rate: 3 of 4 quarters · 3.0/5
Beating estimates in 3 of the last 4 quarters is in line with expectations. With only 4 quarters of data available, a neutral score of 3 is appropriate, though recent beat consistency is modestly encouraging.
Management Consistent EPS beater with disciplined capital allocation · 3.0/5
Management has delivered EPS beats in 3 of 4 recent quarters, but the magnitude of earnings decline (-23% YoY) and mixed analyst conviction limit confidence. Capital allocation appears reasonable, but execution through the downcycle warrants a neutral-to-cautious assessment.
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