QUALCOMM Incorporated (QCOM)

Over the past six months, QUALCOMM's stock price has experienced fluctuations. The stock decreased by 6.16% over the last six months and by 23.78% in the past month. As of February 6, 2026, the stock traded at $137.34. Qualcomm reported record total revenues of $12.3 billion and non-GAAP EPS of $3.50, exceeding guidance. However, the company's outlook for the second quarter disappointed investors, as Qualcomm expects a decline in revenue due to a severe and worsening shortage of memory chips, particularly DRAM. Following this news, the stock price spiraled lower. Additionally, Argus Research reduced its price target for Qualcomm from $205.00 to $180.00 per share.

Demand seasonality for QUALCOMM's products and services varies across its segments. The June quarter is typically a seasonally weaker period for flagship smartphone launches. While consumer IoT products exhibit seasonality due to holiday demand, the industrial and edge networking segments within IoT demonstrate consistent strength across quarters. Near-term results, particularly for handsets in Q2 fiscal 2026, are expected to be driven by supply alignment rather than typical demand seasonality, due to industry-wide constraints in memory availability and pricing.

QUALCOMM, Inc. is an American multinational corporation specializing in semiconductors, software, and services related to wireless technology. The company operates primarily within the Electronic Technology sector, specifically in the Semiconductor and Telecommunications industries. Qualcomm's mission is to invent breakthrough technologies that transform global connectivity, with a vision to enable a smarter, more connected future. Qualcomm's core business segments include Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL). The QCT segment focuses on developing and commercializing integrated circuits and system software for various applications. The QTL segment manages Qualcomm's extensive intellectual property portfolio, licensing its patented technologies and earning royalties. Qualcomm also develops radio frequency front-end solutions and is at the forefront of 5G technology.

Qualcomm serves a vast global customer base and maintains a strong market presence in China. Its headquarters are located in San Diego, California, U.S.

Qualcomm has maintained a strong brand reputation, largely driven by its technological leadership and innovation. The company is recognized for its extensive patent portfolio, deep research and development capabilities, and robust intellectual property licensing business. Key events that have positively affected its reputation include its leadership in 5G technology and its integrated digital chassis solutions for the automotive industry. The successful resolution of the Arm litigation also removed a significant overhang, allowing for a renewed focus on innovation and market expansion.

QUALCOMM Incorporated has a significant institutional ownership, with 3908 institutional owners and shareholders holding a total of 910,962,494 shares. Institutional ownership accounts for approximately 85.72% of the company.