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Qualcomm Incorporated (QCOM)



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Upturn Advisory Summary
04/01/2025: QCOM (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -2.35% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 169.27B USD | Price to earnings Ratio 16.53 | 1Y Target Price 199.1 |
Price to earnings Ratio 16.53 | 1Y Target Price 199.1 | ||
Volume (30-day avg) 7760012 | Beta 1.29 | 52 Weeks Range 147.88 - 227.03 | Updated Date 04/1/2025 |
52 Weeks Range 147.88 - 227.03 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.21% | Basic EPS (TTM) 9.26 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.94% | Operating Margin (TTM) 30.47% |
Management Effectiveness
Return on Assets (TTM) 12.63% | Return on Equity (TTM) 41.97% |
Valuation
Trailing PE 16.53 | Forward PE 13.14 | Enterprise Value 169452191744 | Price to Sales(TTM) 4.17 |
Enterprise Value 169452191744 | Price to Sales(TTM) 4.17 | ||
Enterprise Value to Revenue 4.16 | Enterprise Value to EBITDA 12.63 | Shares Outstanding 1106000000 | Shares Floating 1103147750 |
Shares Outstanding 1106000000 | Shares Floating 1103147750 | ||
Percent Insiders 0.12 | Percent Institutions 79.9 |
Analyst Ratings
Rating 3.85 | Target Price 204.7 | Buy 7 | Strong Buy 14 |
Buy 7 | Strong Buy 14 | ||
Hold 17 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Qualcomm Incorporated

Company Overview
History and Background
Qualcomm Incorporated was founded in 1985. Initially focused on communication engineering services, it transitioned to developing and selling wireless technology and semiconductor chips. A significant milestone was the development and commercialization of CDMA technology, which propelled its growth. Over time, it diversified into mobile processors, connectivity solutions, and other related technologies.
Core Business Areas
- QCT (Qualcomm CDMA Technologies): Develops and supplies integrated circuits and system software based on CDMA, OFDMA, and other technologies, primarily for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
- QTL (Qualcomm Technology Licensing): Grants licenses to use portions of Qualcomm's intellectual property portfolio, which includes certain patent rights essential to the manufacture and sale of certain wireless products, including those implementing CDMA2000, WCDMA, and LTE standards.
Leadership and Structure
Cristiano R. Amon is the President and CEO. The company has a hierarchical organizational structure with distinct business units and functional departments, overseen by a board of directors.
Top Products and Market Share
Key Offerings
- Snapdragon Mobile Platforms: A system-on-a-chip (SoC) used in smartphones and other mobile devices. It combines a CPU, GPU, modem, and other components. Qualcomm dominates the premium Android smartphone market. Competitors include MediaTek, Samsung (Exynos), and Apple (Bionic). Market share varies by region and device tier, but Qualcomm holds a significant portion of the high-end segment. Estimated market share is around 40% for high-end mobile processors in 2023.
- 5G Modems & RF Front-End Systems: Modems that enable 5G connectivity in devices. RF front-end systems handle radio signals. Qualcomm is a leader in 5G modem technology. Competitors include MediaTek, Samsung, and Intel (exited the 5G modem business for smartphones, but present in other sectors).
- Automotive Solutions: Chips and software for in-car infotainment, connectivity, and autonomous driving. Qualcomm is expanding its presence in the automotive market. Competitors include Nvidia, Intel (Mobileye), and NXP Semiconductors. The automotive sector represents growing revenue for Qualcomm, with designs win pipeline steadily increasing.
Market Dynamics
Industry Overview
The semiconductor industry is highly competitive and cyclical. Key trends include the increasing demand for advanced processors in mobile devices, the growth of 5G, and the expansion of automotive and IoT applications.
Positioning
Qualcomm is a leader in wireless technology and mobile processors. Its competitive advantages include its extensive patent portfolio, its technological expertise, and its strong relationships with mobile device manufacturers.
Total Addressable Market (TAM)
The TAM for semiconductors is estimated to be in the hundreds of billions of dollars. Qualcomm is positioned to capture a significant portion of this TAM, particularly in the mobile, automotive, and IoT segments. Industry analysts project that the semiconductor market could reach nearly $1 trillion by 2030.
Upturn SWOT Analysis
Strengths
- Extensive patent portfolio
- Leading-edge technology in wireless communication
- Strong relationships with mobile device manufacturers
- Dominant position in mobile processors (particularly high-end)
- Strong brand recognition
Weaknesses
- Dependence on the mobile phone market
- Exposure to legal and regulatory challenges (antitrust)
- Competition from other chipmakers (MediaTek, Samsung)
- Geopolitical risks (US-China tensions)
Opportunities
- Expansion into automotive, IoT, and other growth markets
- Growing demand for 5G technology
- Increasing complexity of mobile devices requiring more advanced chips
- Potential acquisitions to diversify product portfolio
Threats
- Intense competition from other chipmakers
- Technological disruptions
- Economic downturns impacting mobile device sales
- Patent infringement lawsuits
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- MTK
- AAPL
- NXPI
Competitive Landscape
Qualcomm's advantages include its extensive patent portfolio and its leading-edge technology. Its disadvantages include its dependence on the mobile phone market and its exposure to legal and regulatory challenges. MediaTek competes primarily on price, while Apple's chips are used exclusively in its own products.
Major Acquisitions
NUVIA
- Year: 2021
- Acquisition Price (USD millions): 1400
- Strategic Rationale: To acquire CPU design capabilities and enhance its Snapdragon platform.
Growth Trajectory and Initiatives
Historical Growth: Qualcomm experienced significant growth in the 2000s and 2010s, driven by the adoption of 3G and 4G technology. Growth has slowed in recent years due to increased competition and market saturation.
Future Projections: Analysts project moderate revenue growth in the coming years, driven by the adoption of 5G and the expansion into new markets such as automotive and IoT. Earnings are expected to grow at a faster rate due to cost efficiencies.
Recent Initiatives: Recent strategic initiatives include expanding its automotive business, developing new 5G modems, and investing in research and development for future technologies.
Summary
Qualcomm is a strong company with a leading position in wireless technology and mobile processors. Its extensive patent portfolio and technological expertise provide a competitive advantage. However, it faces challenges from increased competition, legal and regulatory risks, and dependence on the mobile phone market. Expansion into new markets such as automotive and IoT is crucial for future growth.
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Sources and Disclaimers
Data Sources:
- Qualcomm's Annual Reports, Industry Analysis Reports, News Articles, Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data and analyst estimates are subject to change. Investment decisions should be made based on individual risk tolerance and financial circumstances.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Qualcomm Incorporated
Exchange NASDAQ | Headquaters San Diego, CA, United States | ||
IPO Launch date 1991-12-13 | CEO, President & Director Mr. Cristiano Renno Amon | ||
Sector Technology | Industry Semiconductors | Full time employees 49000 | Website https://www.qualcomm.com |
Full time employees 49000 | Website https://www.qualcomm.com |
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with advanced connectivity and high-performance, and low-power computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G products. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.
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