What is Zacks Research's Forecast for QUALCOMM Q2 Earnings?

QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) - Equities research analysts at Zacks Research upped their Q2 2026 earnings estimates for QUALCOMM in a report released on Wednesday, February 26th. Zacks Research analyst R. Department now expects that the wireless technology company will post earnings per share of $2.55 for the quarter, up from their previous estimate of $2.48. The consensus estimate for QUALCOMM's current full-year earnings is $9.39 per share. Zacks Research also issued estimates for QUALCOMM's Q3 2026 earnings at $2.40 EPS and FY2027 earnings at $9.70 EPS.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%.

QCOM has been the subject of several other reports. Sanford C. Bernstein upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley decreased their price objective on shares of QUALCOMM from $207.00 to $204.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Evercore ISI dropped their target price on QUALCOMM from $199.00 to $179.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock an "underweight" rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded QUALCOMM from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $205.32.

Remove Ads

QUALCOMM Stock Up 2.6 %

NASDAQ QCOM traded up $3.99 on Monday, reaching $160.03. The company had a trading volume of 3,547,067 shares, compared to its average volume of 8,314,963. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. QUALCOMM has a 1 year low of $149.43 and a 1 year high of $230.63. The firm has a 50-day moving average of $164.68 and a 200-day moving average of $165.23. The firm has a market capitalization of $177.00 billion, a PE ratio of 17.11, a P/E/G ratio of 2.01 and a beta of 1.25.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.40 dividend on an annualized basis and a yield of 2.12%. QUALCOMM's dividend payout ratio (DPR) is presently 36.32%.

Insider Activity

In other QUALCOMM news, insider Alexander H. Rogers sold 10,373 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $160.59, for a total transaction of $1,665,800.07. Following the transaction, the insider now owns 33,383 shares of the company's stock, valued at approximately $5,360,975.97. This trade represents a 23.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,337 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $156.82, for a total transaction of $523,308.34. Following the completion of the sale, the chief financial officer now directly owns 59,778 shares of the company's stock, valued at approximately $9,374,385.96. This represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,045 shares of company stock valued at $7,752,423. Company insiders own 0.08% of the company's stock.

Institutional Trading of QUALCOMM

A number of hedge funds and other institutional investors have recently modified their holdings of QCOM. Norges Bank acquired a new stake in QUALCOMM in the 4th quarter valued at about $2,721,882,000. Amundi raised its holdings in shares of QUALCOMM by 36.6% in the 4th quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock worth $2,313,634,000 after purchasing an additional 3,905,918 shares in the last quarter. Raymond James Financial Inc. bought a new stake in QUALCOMM during the fourth quarter worth approximately $527,053,000. Pacer Advisors Inc. grew its position in QUALCOMM by 1,702.6% in the third quarter. Pacer Advisors Inc. now owns 3,191,342 shares of the wireless technology company's stock worth $542,688,000 after buying an additional 3,014,302 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of QUALCOMM by 7.9% in the third quarter. Geode Capital Management LLC now owns 27,128,468 shares of the wireless technology company's stock valued at $4,600,625,000 after buying an additional 1,989,725 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Company Profile

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.