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QUALCOMM Incorporated (QCI) Fair Value & Analysis

Technology · DE · Market cap €227B

QI QUALCOMM Incorporated QCI · XETRA
Price€176.04
Fair Value€105.14
Upside-40.3%
Quality71/100
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Evidence: High Range €78.86 – €131.43

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 11 days ago

Share price −26.3% over the past month.

Price vs Fair Value (12 months)

€238.70 €117.46 Fair Value €105.14 Jul 2025 Jul 2026

12‑month range €117.46 – €238.70 · fair‑value band €78.86 – €131.43 · the €176.04 price screens above the €105.14 fair value. As of Jun 24, 2026.

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Analysis

QUALCOMM Incorporated (QCI) currently trades at €176.04, while our model-based Fair Value estimate is €105.14 — implying the stock looks roughly 40.3% overvalued today. We read business quality at 71/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, QUALCOMM Incorporated generated revenue of €44.5B at a net margin of 22.3%. Revenue declined 3.5% year over year. It earns a return on equity of 36.1%. Net debt stands at €9.3B. Fundamentals as of Jun 24, 2026

Our scenario range runs from €78.86 (bear case) to €131.43 (bull case); at €176.04, the current price sits above that range. The share trades about 21% below its 52-week high and 66% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -74% fair-value upside — at -40%, QCI screens cheaper than that median.

Key figures & financial health

Revenue (TTM) €44.5B
Revenue growth (YoY) -3.5%
Net margin 22.3%
Return on equity 36.1%
Free cash flow €12.8B FY2025
P/E ratio 27.0
More key figures
Operating margin 22.1%
EPS (TTM) €7.97
Dividend yield 1.7%
EPS growth (YoY) +173%
Net debt €9.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

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 with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

QUALCOMM Incorporated reported revenue of €44.3B in FY2025 versus €33.6B in FY2021, a compound +7.2%/yr. Reported net income was €5.5B in FY2025, compounding −11.5%/yr from FY2021.

Revenue +7.2%/yr
FY21 €33.6B
FY22 €44.2B
FY23 €35.8B
FY24 €39.0B
FY25 €44.3B
Net income −11.5%/yr
FY21 €9.0B
FY22 €12.9B
FY23 €7.2B
FY24 €10.1B
FY25 €5.5B

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Cite: Fair Value Calculator (2026). "QUALCOMM Incorporated Fair Value". https://www.fairvalue-calculator.com/stock/QCI

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Frequently asked questions

Is QUALCOMM Incorporated (QCI) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €105.14 versus a price of €176.04 — about −40% (overvalued). Model-based estimate, not financial advice.
What is the fair value of QCI?
Our model-based fair value for QUALCOMM Incorporated is €105.14 (as of Jun 24, 2026), built from audited fundamentals. The current price is €176.04.
What is the quality score of QCI?
QUALCOMM Incorporated has a Quality Score of 71/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of QUALCOMM Incorporated (QCI)?
QUALCOMM Incorporated reported trailing-twelve-month revenue of about €44.5B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of QCI?
The net profit margin of QUALCOMM Incorporated is about 22.3%, meaning it keeps roughly 22.3% of revenue as net income. Based on the latest reported figures.
Does QUALCOMM Incorporated pay a dividend?
QUALCOMM Incorporated currently shows a dividend yield of about 1.68% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.