QUALCOMM INC/DE
In the published model solve dated 2026-Q2, anchored at $164.52, QUALCOMM INC/DE (QCOM) is priced for +20.4% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 3, 2026 from SEC EDGAR filings.
At $227.29 (as of June 27, 2026) the market pays roughly 21x company-wide operating income, a level that needs operating profit to compound near 29% a year for five years. That is within the pace Qualcomm has recently hit; the stretch is in how long it must hold, not the starting speed. The valuation methods split cleanly. The forward-growth family (perpetual-growth DCF near $299, exit-multiple DCF near $275) and the discounted future market cap near $210 reach today's price. The earnings-power
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2,645 institutional managers reported holding QCOM in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 39%. 112 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 44.6M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
QCOM has cut its share count 5.6% over the past five years, spending $25.23B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 7 years straight; the current rate is $3.48 a share annually. Cash returned over the past three years: $10.28B in dividends and $18.75B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at QCOM over the trailing three years. Absence is a fact about the company, not a signal. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
QCOM's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -10.1% | -7.5% |
| 2023-11-02 | +7.7% | +16.0% |
| 2024-02-01 | -3.3% | +20.3% |
| 2024-05-02 | +8.6% | +13.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
QCOM's latest 8-K filings: 2026-07-31 (items 8.01, 9.01); 2026-07-29 (items 2.02, 9.01); 2026-06-24 (items 3.02); 2026-04-29 (items 2.02, 9.01); 2026-03-19 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.