FY2027 EPS Estimates for Qualcomm Lifted by Erste Group Bank

Qualcomm Incorporated (NASDAQ:QCOM) – Equities research analysts at Erste Group Bank increased their FY2027 earnings per share estimates for shares of Qualcomm in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the wireless technology company will earn $7.97 per share for the year, up from their prior estimate of $7.74. The consensus estimate for Qualcomm’s current full-year earnings is $7.96 per share.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS.

QCOM has been the subject of a number of other reports. Citigroup increased their target price on shares of Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Bank of America raised their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Rosenblatt Securities lifted their price objective on Qualcomm from $190.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Sanford C. Bernstein increased their price objective on shares of Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $221.31.

Qualcomm Stock Down 4.1%

QCOM stock opened at $170.61 on Friday. The company has a market cap of $179.82 billion, a P/E ratio of 18.54, a P/E/G ratio of 5.30 and a beta of 1.63. Qualcomm has a 52 week low of $121.99 and a 52 week high of $259.92. The company’s 50-day moving average price is $208.57 and its 200 day moving average price is $168.40. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This trade represents a 9.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 21,721 shares of company stock worth $4,044,465. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Qualcomm

Hedge funds have recently made changes to their positions in the stock. Richardson Financial Services Inc. increased its holdings in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC acquired a new position in Qualcomm in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the fourth quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for Qualcomm to $7.97 from $7.74, slightly above the current consensus, which suggests at least one analyst sees earnings holding up better than expected. Qualcomm stock and analyst coverage
• Positive Sentiment: Reuters reported that Micron signed long-term agreements with Qualcomm and other automotive suppliers to secure memory and storage components for AI-enabled vehicles, a sign of ongoing automotive/AI design activity that could support future revenue. Reuters article on Micron and Qualcomm
• Neutral Sentiment: Qualcomm announced it will report fiscal Q3 2026 results on July 29, a near-term catalyst that could reset expectations but does not itself change fundamentals. Qualcomm earnings date announcement
• Negative Sentiment: KeyCorp cut EPS estimates across multiple future quarters and full years for Qualcomm, including FY2027 to $6.95 from $7.63, signaling slower expected profit growth and pressuring the stock. Qualcomm analyst estimates
• Negative Sentiment: Separate commentary highlighted a recent “short seller” controversy around an alleged Qualcomm-Anthropic partnership that was later found not to be real, which may have cooled some AI-related enthusiasm for the name. MSN article on QCOM stock slide

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.