QCOM · NASDAQ · STOCK
Qualcomm (QCOM) Stock Analysis
$178.01
52W $121.99 – $259.92
55/100
$186.61B
20.2
1.68
Is QCOM Bullish or Bearish?
Mixed.
Innellis AI committee rates Qualcomm (QCOM) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated September 20, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.71 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -15.29 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Technical Analyst sees a compelling case — price structure making higher highs and higher lows. Risk Analyst remains cautious — bollinger bandwidth of 21.5% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 37.3% shows genuine earnings power backing the valuation — Value
- Dividend yield of 2.5% pays you to wait — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
Bear Case
- Price-to-book of 8.4x prices in significant intangible value — Value
- EPS declining -16.6% YoY despite any revenue growth — Growth
- Bollinger bandwidth of 21.5% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 20, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 75%
of 287 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 37.3% shows genuine earnings power backing the valuation
− Price-to-book of 8.4x prices in significant intangible value
Growth Analyst
neutral
48
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− EPS declining -16.6% YoY despite any revenue growth
Technical Analyst
bullish
69
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 21.5% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2518.64)
Investment Thesis Evolution
Committee score moved marginally from 55.3 to 55.3.
Comparing 2026-09-19 to 2026-09-20 (1 day apart).
Technical Analysis
RSI (14)
50.9
Neutral
MACD Histogram
1.586
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$159.02
Resistance
$184.33
Bollinger %B
0.66
Inside Bands
Price vs Moving Averages
EMA 9
$180.27
Below
EMA 21
$174.90
Above
EMA 50
$173.89
Above
EMA 200
$171.15
Above
Fundamental Analysis
Valuation
66
Growth
39
Profitability
96
Financial Health
99
Cash Flow
70
Valuation
P/E Ratio
20.2×
P/B Ratio
6.79×
PEG Ratio
-1.25
Dividend Yield
2.04%
52W High
$259.92
52W Low
$121.99
Quality & Growth
ROE
2612.9%
ROA
1105.0%
Gross Margin
5422.6%
Operating Margin
2318.9%
Revenue Growth YoY
—
Debt / Equity
0.55
AI Fundamental Assessment
P/E ratio of 20.2 (inexpensive relative to a 15-40x range); Price-to-book of 6.8x; PEG ratio of -1.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 26.1%; Return on assets of 11.1%; Net margin of 21.0%; Gross margin of 54.2%; Current ratio of 2.02 (healthy short-term liquidity); Debt-to-equity of 0.55; Free cash flow per share is positive (9.85); Most recent quarter missed estimates by 2.7%; EPS growth accelerating (-24.3% -> -16.6% QoQ); Average YoY EPS growth of -20.2%; Analyst estimates falling over recent quarters
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