Qualcomm's stock has seen a notable decline amidst ongoing challenges in its core handset business and rising costs.
Qualcomm Incorporated (NASDAQ:QCOM) is experiencing a significant downturn in its stock value, down 2.14% in today's session. This decline reflects ongoing struggles within its handset division and increasing operational costs, raising concerns among investors about the company's short-term prospects.
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Qualcomm Incorporated
QCOM.US
QCOM.US
Qualcomm Incorporated
WealthAwesomeMarket cap
$187.95B
P/E
20.4x
Div. yield
2.03%
Div. / share
$3.59
52W high
$257.56
52W low
$120.88
1W change
-3.34%
Beta
1.65
Analyst Price Targets
Based on 37 analysts covering QCOM · as of Oct 5, 2026
Wall Street analysts forecast QCOM stock price to rise 752.2% over the next 12 months.
Consensus
Hold3.43 / 5.00
Avg. Target
C$194.13
+752.2% Upside
Current Price
C$22.78
Last close
Analyst Breakdown (37 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on QCOM's historical volatility
30-Day Vol
49.0%
Annualized
90-Day Vol
55.7%
Annualized
Trend (90d)
-2.4%
Annualized drift
90d Mean
C$174.51
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$175.51 | C$148.23 – C$207.81 |
| 60 trading days | C$175.01 | C$137.81 – C$222.24 |
| 90 trading days | C$174.51 | C$130.24 – C$233.84 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be cautious as Qualcomm's handset business continues to face headwinds, and rising input costs are squeezing margins, which could impact future earnings.
Qualcomm's stock down 2.14% today
The decline is attributed to a 20% year-over-year drop in handset revenues and increasing operational costs affecting margins.
Bull case
Qualcomm's investments in non-handset sectors, like automotive and data center technologies, could open up new revenue streams and help offset the declines in its traditional business.
Bear case
The company's heavy reliance on its handset business, along with increased competition and high input costs, poses significant risks to its profitability and growth potential.
Handset Business Struggles
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Qualcomm's core handset business is facing major challenges, with revenues dropping 20% year-over-year to $5.09 billion in the third quarter of fiscal 2026. The company expects Android handset revenues to decline further, mainly due to changing dynamics with major clients like Apple, which is likely to reduce its dependence on Qualcomm modems.
Rising Costs Impact Margins
The semiconductor industry is currently dealing with rising input costs across various stages of production, which is hurting Qualcomm's profit margins. The company's QCT segment's EBT margin fell to 26% from 30% a year earlier, with expectations of further declines in the upcoming quarter. This margin pressure raises concerns about the company's profitability moving forward.
Future Outlook
While Qualcomm is investing in diversifying its revenue streams through ventures in automotive and data center technologies, the immediate outlook remains challenging. Execution risks in these new areas, combined with ongoing struggles in its handset business, suggest that investors should proceed with caution.
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