/Qualcomm%2C%20Inc_%20logo%20on%20phone-by%20viewimage%20via%20Shutterstock.jpg)
With a market cap of $172.9 billion, QUALCOMM Incorporated (QCOM) is a leading fabless semiconductor company, known for developing and commercializing foundational wireless technologies. Through its QCT, QTL, and QSI segments, Qualcomm delivers advanced chip solutions, manages a vast IP portfolio, and invests in emerging technologies across mobile, automotive, IoT, and AI sectors.
The Santa Clara, California-based company is slated to announce its fiscal Q3 2025 earnings results after the market closes on Wednesday, Jul. 30. Ahead of this event, analysts expect QCOM to report an EPS of $2.16, up 11.9% from $1.93 in the year-ago quarter. It has exceeded Wall Street's earnings expectations in the past four quarters.
For fiscal 2025, analysts expect QUALCOMM to report EPS of $9.46, marking a growth of 11.8% from $8.46 in fiscal 2024.
QCOM stock has decreased 23.8% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 11.4% return and the Technology Select Sector SPDR Fund's (XLK) 8.8% rise over the same period.
Despite surpassing expectations for Q2 2025 with an adjusted EPS of $2.85 and adjusted revenue of $10.8 billion on Apr. 30, Qualcomm's stock tumbled 8.9% the following day. The drop was driven by a weaker-than-expected forecast for Q3, with revenue guidance midpoint at $10.3 billion, falling short of Wall Street estimates. Investor sentiment was further dampened by growing concerns over U.S.-China trade tensions, the possibility of future tariffs, and a slowdown in global demand, particularly in the smartphone, consumer IoT, and automotive markets.
Analysts' consensus view on QUALCOMM stock remains moderately optimistic, with a "Moderate Buy" rating overall. Out of 32 analysts covering the stock, 15 recommend a "Strong Buy," one "Moderate Buy," 15 "Holds," and one has a "Strong Sell." As of writing, the stock is trading below the average analyst price target of $178.46.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
