QUALCOMM Incorporated

TSX:QCOM Stock Report

Market Cap: CA$272.6b

QUALCOMM Future Growth

Future criteria checks 2/6

QUALCOMM is forecast to grow earnings and revenue by 2.5% and 6.2% per annum respectively. EPS is expected to grow by 3.8% per annum. Return on equity is forecast to be 38.2% in 3 years.

Key information

2.5%

Earnings growth rate

3.75%

EPS growth rate

Semiconductor earnings growth27.6%
Revenue growth rate6.2%
Future return on equity38.17%
Analyst coverage

Good

Last updated28 Jun 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 12

Qualcomm: High Growth Revenue In High Growth Markets

Summary Qualcomm (QCOM) is diversifying beyond Handsets, driven by a seamless Automotive execution. Doing a DCF-valuation gives us an average price target of $235.5, or a 7.5% upside from current price. QCOM has considerably beaten its revenue projections for Automotive&IoT, and it has also identified key trends that will help boost its growth, like PCs processing need for agentic AI orchestration. Handsets subsegment faces near-term headwinds from DRAM shortages, but management guided for a quicker recovery than expected, bottoming in Q3-2026 and then resuming growth. Geopolitical risks and customer vertical integration remain key threats, but segment diversification should support multiple expansion if growth targets are met. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

TSX:QCOM - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202849,19011,58913,22314,26716
9/30/202743,5798,64311,03012,68631
9/30/202642,56813,66911,62013,43531
3/29/202644,4869,92412,50214,285N/A
12/28/202544,8675,36512,92614,390N/A
9/28/202544,2845,54112,82014,012N/A
6/29/202543,25711,57311,62212,663N/A
3/30/202542,28611,01511,70612,840N/A
12/29/202440,69610,47912,73613,840N/A
9/29/202438,96210,11011,16112,202N/A
6/23/202437,3498,82412,56713,645N/A
3/24/202436,4078,45112,25313,250N/A
12/24/202336,2927,8779,88711,153N/A
9/24/202335,8207,3399,84911,299N/A
6/25/202338,5848,6336,8648,655N/A
3/26/202341,07010,6286,8548,893N/A
12/25/202242,95811,8608,05710,134N/A
9/25/202244,20012,9866,8349,096N/A
6/26/202242,14112,8616,6698,727N/A
3/27/202239,26411,1597,1959,205N/A
12/26/202136,0369,9877,4169,418N/A
9/26/202133,5669,0438,64810,536N/A
6/27/202132,5769,2059,39411,200N/A
3/28/202129,4098,0227,9819,699N/A
12/27/202026,6896,7286,2917,871N/A
9/27/202023,5315,1984,4075,814N/A
6/28/202019,9992,7443,9245,300N/A
3/29/202024,7414,0487,1318,337N/A
12/29/201924,5084,243N/A8,048N/A
9/29/201924,2734,386N/A7,286N/A
6/30/201925,2373,367N/A5,636N/A
3/31/201921,1802,420N/A2,780N/A
12/30/201821,4182,087N/A2,502N/A
9/30/201822,611-4,964N/A3,908N/A
6/24/201822,737-4,282N/A6,755N/A
3/25/201822,531-4,618N/A4,873N/A
12/24/201722,327-4,199N/A5,177N/A
9/24/201722,2582,445N/A5,001N/A
6/25/201722,5713,896N/A4,661N/A
3/26/201723,2434,474N/A6,330N/A
12/25/201623,7784,889N/A6,247N/A
9/25/201623,5545,705N/A7,632N/A
6/26/201622,8265,168N/A7,000N/A
3/27/201622,6144,908N/A7,276N/A
12/27/201523,9574,797N/A5,881N/A
9/27/201525,2815,271N/A5,506N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: QCOM's forecast earnings growth (2.5% per year) is below the savings rate (3%).

Earnings vs Market: QCOM's earnings (2.5% per year) are forecast to grow slower than the Canadian market (11% per year).

High Growth Earnings: QCOM's earnings are forecast to grow, but not significantly.

Revenue vs Market: QCOM's revenue (6.2% per year) is forecast to grow faster than the Canadian market (4.8% per year).

High Growth Revenue: QCOM's revenue (6.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: QCOM's Return on Equity is forecast to be high in 3 years time (38.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 13:48
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/29
Annual Earnings2025/09/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

QUALCOMM Incorporated is covered by 70 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
S. H. LinAletheia Analyst Network Limited
Stefan ChangAletheia Analyst Network Limited
Warren LauAletheia Analyst Network Limited