What is Zacks Research’s Forecast for QUALCOMM Q3 Earnings?

QUALCOMM Incorporated (NASDAQ:QCOM) – Stock analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of QUALCOMM in a research note issued to investors on Monday, October 28th. Zacks Research analyst R. Department now expects that the wireless technology company will earn $2.24 per share for the quarter, up from their prior forecast of $2.23. The consensus estimate for QUALCOMM’s current full-year earnings is $8.02 per share.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.72 by $0.21. QUALCOMM had a net margin of 23.32% and a return on equity of 38.12%. The company had revenue of $9.39 billion for the quarter, compared to analyst estimates of $9.23 billion.

Several other research firms have also commented on QCOM. TD Cowen raised shares of QUALCOMM to a “strong-buy” rating in a report on Monday, September 16th. Robert W. Baird increased their price target on shares of QUALCOMM from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Susquehanna dropped their price target on shares of QUALCOMM from $250.00 to $230.00 and set a “positive” rating for the company in a research report on Monday, October 21st. StockNews.com cut shares of QUALCOMM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Barclays increased their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.92.

QUALCOMM Price Performance

QCOM stock opened at $176.00 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.78 and a current ratio of 2.39. QUALCOMM has a 52 week low of $106.18 and a 52 week high of $230.63. The firm’s fifty day moving average is $169.19 and its 200 day moving average is $182.17. The firm has a market cap of $196.06 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.71 and a beta of 1.28.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.40 dividend on an annualized basis and a yield of 1.93%. QUALCOMM’s dividend payout ratio (DPR) is currently 44.04%.

Insider Activity at QUALCOMM

In related news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the completion of the transaction, the chief technology officer now directly owns 229,987 shares of the company’s stock, valued at $36,912,913.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other QUALCOMM news, insider Alexander H. Rogers sold 3,245 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total transaction of $539,156.75. Following the completion of the sale, the insider now directly owns 32,231 shares in the company, valued at approximately $5,355,180.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO James H. Thompson sold 8,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $160.50, for a total transaction of $1,284,000.00. Following the sale, the chief technology officer now owns 229,987 shares of the company’s stock, valued at approximately $36,912,913.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,245 shares of company stock valued at $3,679,407 in the last three months. Company insiders own 0.08% of the company’s stock.

Institutional Trading of QUALCOMM

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of QUALCOMM by 44.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 388,122 shares of the wireless technology company’s stock worth $65,709,000 after acquiring an additional 120,088 shares during the period. Financial Sense Advisors Inc. grew its stake in shares of QUALCOMM by 2.7% in the first quarter. Financial Sense Advisors Inc. now owns 8,399 shares of the wireless technology company’s stock worth $1,422,000 after acquiring an additional 217 shares during the period. Advisor Resource Council grew its stake in shares of QUALCOMM by 14.8% in the first quarter. Advisor Resource Council now owns 7,360 shares of the wireless technology company’s stock worth $1,246,000 after acquiring an additional 950 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of QUALCOMM by 17.4% in the first quarter. First Trust Direct Indexing L.P. now owns 26,120 shares of the wireless technology company’s stock worth $4,422,000 after acquiring an additional 3,872 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its stake in shares of QUALCOMM by 2.1% in the first quarter. Legacy Wealth Asset Management LLC now owns 5,841 shares of the wireless technology company’s stock worth $989,000 after acquiring an additional 121 shares during the period. 74.35% of the stock is currently owned by institutional investors.

About QUALCOMM

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 based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.