QCOM
NASDAQ
Semiconductors
$171.78
USD
+$1.17 (+0.69%)
At close: Jul 17, 2026, 4:00 PM EDT
Market Cap:
$177.18B
Volume:
16.3M
Previous Close
$170.61
Day Range
$164.77 - $172.39
52 Week Range
$121.99 - $259.92
Average Volume (10 Days)
13.2M
P/E Ratio (TTM)
17.86
Dividend Yield
2.16%
QUALCOMM, Inc. engages in developing and commercializing foundational technologies and products used in mobile devices and other wireless products. The company is headquartered in San Diego, California and currently employs 52,000 full-time employees. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
CEO
Mr. Cristiano Amon
Headquaters
San Diego, CALIFORNIA, US
Founded
1991
Employees
52,000
Nothing officially confirmed its budget Phone 4b will run on a Qualcomm Snapdragon processor ahead of its July 7 launch. Leaked specs suggest the device will feature the Snapdragon 6 Gen 4 chipset paired with 8GB RAM, marking a design win for Qualcomm in the affordable smartphone segment.
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Qualcomm projected $15 billion in data centre business sales by 2029, helping ease investor concerns about stretched AI valuations. The chipmaker's shares rose 12% in premarket trading, contributing to a broader rally in tech-heavy markets. The forecast signals Qualcomm's expanding role beyond mobile chips into AI infrastructure.
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Qualcomm announced an aggressive transformation plan targeting $40 billion in non-handset revenue by fiscal 2029, up from a prior $22 billion goal, with data center revenue projected to exceed $15 billion. The company unveiled a full stack of data center products including AI accelerators, high-bandwidth compute memory, and the Dragonfly C1000 CPU, securing a multi-generation agreement with Meta. The strategy aims to reduce dependence on slowing smartphone sales and the loss of Apple as a customer.
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Guidance gives bulls a bigger TAM to price in, but execution risk remains high. Custom hyperscaler wins and Meta CPU design validate the roadmap, yet consensus already bakes in aggressive data center scaling. Watch for $5B FY27 milestone and Apple licensing renewal clarity.
Qualcomm agreed to acquire AI software startup Modular Inc. in an all-stock deal valued at approximately $3.9 billion. The acquisition gives Qualcomm a hardware-agnostic software platform that allows developers to run AI models across chips from multiple vendors without rewriting code, directly challenging Nvidia's CUDA ecosystem. The deal is expected to close in the second half of 2026.
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