QCOM
QUALCOMM INC/DEEvidence as of 2026-09-11The desk's Snapshot
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Overview · QUALCOMM INC/DE
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 wire…
Management team
- Dr. James H. Thompson Ph.D. · Chief Technology Officer of Qualcomm Technologies, Inc.Find on LinkedIn
- Mr. Alexander H. Rogers J.D. · President of Qualcomm Technology Licensing (QTL) & Global AffairsFind on LinkedIn
- Ms. Ann N. Cathcart Chaplin · General Counsel & Corporate SecretaryFind on LinkedIn
- Mr. Akash Palkhiwala · CFO & COOFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.7 on a −2 to +2 scale (was −0.6 before the debate changed the read).
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is cautious ( -0.7 of a possible +2; was -0.6 before the debate) with high confidence. Revenues trended lower across the three reported fiscal quarters: USD 12,252,000,000, USD 10,599,000,000 and USD 9,947,000,000 in the three most recent fiscal quarters. Operating income compressed in the same sequence from USD 3,366,000,000 to USD 2,309,000,000 to USD 1,626,000,000, while net income moved non-linearly at USD 3,004,000,000, USD 7,370,000,000 and USD 2,006,000,000 for those periods.
Point-in-time balance-sheet moves show share count declining across the reported dates (from 1,079,000,000 to 1,050,000,000) and long-term debt falling from USD 14,817,000,000 to USD 12,781,000,000, while cash and cash equivalents declined from USD 7,205,000,000 to USD 4,533,000,000. Filings added or strengthened risk-factor language flagging revenue concentration (premium-tier handset exposure), China and cross-border policy risk, and customer vertical integration; management reiterated mobile leadership and adoption priorities in the 10-Q and accompanying 8-K filed 29 July 2026. Market signals are mixed: six-month price momentum is +31.9% (88th percentile) while three-month momentum is -7.5%; price sits above both the 50‑day and 200‑day SMAs (price_vs_sma50 +4.9%, price_vs_sma200 +5.5%) with a golden cross aged 74 days. Volatility and market sensitivity are elevated (90‑day vol annualized +69.4%, beta 2.02). Valuation metrics in the packet show implied FCF growth of -0.48% at today’s price, P/FCF 13.36, EV/EBITDA 16.54 and trailing P/E 12.67.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues declined across the three fiscal quarters provided: USD 12,252,000,000 in fiscal Q1 2026 (2025-09-29 to 2025-12-28, 3mo), USD 10,599,000,000 in fiscal Q2 2026 (2025-12-29 to 2026-03-29, 3mo), and USD 9,947,000,000 in fiscal Q3 2026 (2026-03-30 to 2026-06-28, 3mo).
XBRL companyfacts · 0000804328-26-000017Operating income compressed over the same sequence: USD 3,366,000,000 in fiscal Q1 2026, USD 2,309,000,000 in fiscal Q2 2026, and USD 1,626,000,000 in fiscal Q3 2026 (each figure reported for the respective 3-month fiscal period).
XBRL companyfacts · 0000804328-26-000017Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The company added or materially reworded risk-factor language highlighting revenue concentration: "We derive a significant portion of our revenues from a small number of customers and licensees, and particularly from their sale of premium-tier handset devices..." (filed 29 July 2026).
10-Q filed 2026-07-29The filings newly emphasize China concentration and cross-border policy risk: "A significant portion of our business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions." (filed 29 July 2026).
10-Q filed 2026-07-29Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Over the most recent 6 months ending 2026-09-10, the price momentum is +31.9% and ranks in the 88th percentile of the 554-stock research universe, while 3-month momentum is -7.5% and 12-month (12_1) momentum is +12.2% (47th percentile).
Moneyta signal set · 2026-09-10weakened in debateShort- and medium-term trend signals show price is above both the 50-day and 200-day SMAs (price_vs_sma50 +4.9%, price_vs_sma200 +5.5%) and a golden_cross is present with the current cross age at 74 days.
Moneyta signal set · 2026-09-10Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported aggregate holdings value was $104.99B as of the 13F reporting period ended 2026-03-31, and the dataset shows a quarter-over-quarter value change of -25.6% for reported positions.
13F holdings · 2704 filers · as of 2026-03-31Among 13F top holders reported as of the period ended 2026-03-31, BlackRock, Inc. is listed with $13.65B (value_qoq_pct -20.3) and STATE STREET CORP is listed with $6.71B (value_qoq_pct -25.9).
13F holdings · 2704 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A techtimes.com headline on 10 September 2026 highlights a leaked benchmark for the Snapdragon 8 Elite Extreme Gen 6 showing an engineering reference device with a 5.11 GHz prime core and Geekbench 7 scores of 3,582 single-core and 12,247 multi-core.
News · techtimes.com · 2026-09-10Multiple outlets report Qualcomm’s expansion into AI/data-center infrastructure tied to a multiyear collaboration with Amazon, describing the arrangement as a large-scale data-center chip deal.
News · finance.yahoo.com · 2026-09-10Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Patricia Y. Grech (SVP, Chief Accounting Officer) sold shares valued at "$35k" on 2026-08-31 under a stated 10b5-1 plan.
Form 4 · Grech Patricia Y (SVP, Chief Accounting Officer) · $35k sold · 2026-08-31Patricia Y. Grech (SVP, Chief Accounting Officer) sold shares valued at "$102k" on 2026-08-21 under a stated 10b5-1 plan (the same filing also records multiple zero‑value 'code M' and a $71k 'code F' entry on 2026-08-20).
Form 4 · Grech Patricia Y (SVP, Chief Accounting Officer) · $102k sold · 2026-08-21Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-calculated implied free cash flow (FCF) growth rate that today’s price would justify, under the stated discount and terminal assumptions, is -0.48% (implied_growth = -0.0048).
Valuation inputs · SEC XBRL + stored EOD closePrice to trailing twelve-month FCF (P/FCF) is 13.36 based on a FCF_ttm of $14,158,000,000 and the quoted price.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Valuation and cash-generation metrics (P/FCF ~13.4, TTM P/E ~12.7, FCF_ttm ~$14.16B) combined with sizable trailing FCF per share support a favorable informational read that the market is pricing in material cash returns relative to price. Market technicals show positive medium-term momentum, price above 50- and 200-day SMAs and a sustained golden cross, and dividend yield plus multi-year dividend growth indicate an income component to total returns; ETF inclusion also underlines broad-market ownership. Operationally, share count has meaningfully trended down and long-term debt has declined, which are balance-sheet actions that historically improve per-share cash metrics; contemporaneous media reports of a multiyear AI/data-center collaboration with Amazon and new high-end SoC benchmarks are company-specific signals of product and addressable-market activity. Some bearish evidence relies on standard filing risk-language updates, 10b5-1 insider sales and dated 13F outflows; those items are documented but, as presented, are weaker counterpoints to the aggregate valuation, cash-flow and product/market signals in the evidence set.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.28
37 surviving claims rest on 20 distinct sources; the heaviest analyst carries 16% of them, and 99% of what the desk raised survived the debate.
There are many surviving claims drawn from a modestly diverse set of sources, but a single analyst thread holds a material share of the interpretations and nearly all initial points survived debate — this implies the read is evidence-rich but somewhat brittle to reinterpretation by a few contributors. In practical terms, the conclusions should be treated as informational snapshots: the underlying filings and market signals carry weight, yet the analysis could shift meaningfully if a small number of key sources or one dominant analyst assertion changes.
Peer context · computed, not argued
12-1 momentum ranks 18th of 19 in Semiconductors (as of 2026-09-10).
6-month relative strength ranks 6th of 19 in Semiconductors (as of 2026-09-10).
90-day volatility ranks 10th of 19 in Semiconductors (as of 2026-09-10).
dividend yield ranks 4th of 19 in Semiconductors (as of 2026-09-10).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.2 to the score
12 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.7 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis−0.2 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
5 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on QCOM Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.