QUALCOMM Incorporated (QCOM) stock analysis
Company overview and business model
Source fact: 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 connectivity and 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 LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. 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. In addition, the company is also involved in Qualcomm government technologies and data center businesses. Further, it provides security and intelligence services for unmanaged networks through software-based network security solutions. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.
Classification: NASDAQ · Technology · Semiconductors
Revenue and growth
Source fact: Revenue was USD 44.28 billion for the period ending 2025-09-30.
Caverian calculation: Revenue changed +13.7% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 5.54 billion in the latest reported period.
Source metric: Reported net margin was 12.5%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 5.52 billion.
Source fact: Total debt was USD 14.81 billion.
Source metric: Current ratio was 2.82x.
Cash-flow analysis
Source fact: Operating cash flow was USD 14.01 billion.
Source fact: Free cash flow was USD 12.82 billion.
Valuation
Source metrics: Trailing P/E 18.39x; Forward P/E 15.76x; Price to book 6.14x; Price to sales 3.83x; EV/EBITDA 14.65x.
Caverian model output: Value score was 63/100.
Competitive position
Classification: Peer context: Semiconductors within Technology.
Caverian model output: Quality score was 78/100.
Caverian model output: Growth score was 53/100.
Material risks
Caverian model interpretation: Watch out: price swings more than the broader market (beta 1.7).
Caverian calculation: Altman Z-score was 6.23 (safe zone).
Caverian calculation: Piotroski F-score was 6/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles