Qualcomm's handset revenues surge 14% on strong Snapdragon demand, even as competition, trade tensions, and in-house chips challenge its smartphone business.
Qualcomm (QCOM) concluded the recent trading session at $174.19, signifying a +1.07% move from its prior day's close.
Shares of Qualcomm Inc. NASDAQ: QCOM were trading just over $176 on the morning of Dec. 18, extending a run that has been easy to overlook in a market obsessed with mega-cap tech and artificial intelligence leaders. The stock is up about 12% year-to-date and more than 40% since April, marking one of Qualcomm's strongest years in recent memory after a long stretch of underperformance versus peers.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Qualcomm is rated a Strong Buy with a $223 price target, reflecting a 23% upside and significant undervaluation at a 15x forward P/E. QCOM delivered its 9th consecutive double-beat quarter, posting 10% revenue growth and 15% EPS growth, outperforming peers yet trading at a steep discount. The QCT segment remains robust and diversified, with automotive and IoT revenues up 11% and automotive growing 36% year-over-year, supporting long-term growth.
In the most recent trading session, Qualcomm (QCOM) closed at $178.29, indicating a -1.64% shift from the previous trading day.
Qualcomm teams with CP PLUS to bring on-device AI to video security as it pushes into the fast-growing AI video market.
Shares of Qualcomm Inc. NASDAQ: QCOM were trading up more than 2% on the morning of Wednesday, Dec. 10, marking their longest stretch of gains in months and putting the stock up 12% in just a few weeks. It's an impressive move for a company that, according to the team at Wedbush, is supposedly on the wrong side of the AI revolution.
QUALCOMM maintains a buy rating, supported by resilient mobile chipsets and expanding automotive and AI data center opportunities. QCOM's handset revenue ex-Apple rose 10%, with automotive revenue nearing $4B, underscoring diversification and execution strength. The company's AI data center strategy targets inferencing, leveraging edge expertise, and aiming for incremental share in a concentrated market.
Qualcomm is positioned for a rally, driven by AI-driven handset ASP uplift and accelerating automotive revenues. Premium Android demand and automotive ADAS expansion provide multi-year EPS growth levers, reducing cyclicality and supporting re-rating potential. Conservative modeling shows an immediate ~8.5% EPS uplift for FY2026, with further upside from AI PCs and cloud AI opportunities.
Qualcomm's steady growth and stronger valuation may give it the edge over AST SpaceMobile in the 2026 wireless showdown.
Qualcomm (QCOM) reported earnings 30 days ago. What's next for the stock?