Equity Brief · Technology2026-09-28
QCOM·Technology

Next reporting 4 Nov 2026In 9 days

QUALCOMM Incorporated

I · AI Analysis

The brief

Qualcomm designs and sells integrated circuits—primarily its Snapdragon processors—for smartphones, cars, and connected devices, while also licensing its wireless technology patents (3G, 4G, 5G) to manufacturers worldwide [Yahoo Finance]. The company operates three segments: chip development (QCT), patent licensing (QTL), and early-stage investments in AI, automotive, and IoT companies (QSI) [Yahoo Finance].

Qualcomm is a San Diego-based semiconductor company that designs chips for mobile devices, automotive systems, and IoT products, and licenses its wireless patents globally [Yahoo Finance]. The company recently extended its global patent licensing agreement with Apple, a critical revenue stream [Reuters]. Recent news highlights new AI-focused deals and expansion into optical chip connections for AI infrastructure [Investing.com Deutsch, Simply Wall St].

Qualcomm is financially healthy with strong cash generation, though operating margins compressed sharply in the latest quarter [Sentinellis calculation].

The brief AI analysisConfidence 7/10

Sentinellis health

Financially healthy

8.1/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

14% of score10.0/10
Net margin+21.0%Gross margin+54.2%

Returns on capital

14% of score10.0/10
ROIC+13.0%Return on equity+33.5%

Growth & momentum

19% of score0.0/10
Revenue growth-4.0%· need ≥ 0.6%, the lower third of Semiconductors in our libraryOperating margin trend-10.3pp YoY· need not down > 3pp YoY

Balance sheet

29% of score10.0/10
Current ratio2.0xNet debt / EBITDA0.6xInterest coverage15.4xDebt / equity0.55

Cash generation

14% of score10.0/10
Free cash flow$10.4BCash vs reported profit$12.4B vs $9.3B

Value creation

10% of score10.0/10
ROIC vs cost of capital+2.3pp

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

$215.7B

Revenue (TTM)

$44.1B

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

6 stories · ranked by relevance

  • Company2026-09-24

    Qualcomm secures extension to global patent licensing pact with Apple - Reuters

    Reuters

  • Company2026-09-28

    Qualcomm Aktie schießt dank KI-Deals über 201 US-Dollar: Ist die Rallye gerechtfertigt? - Investing.com Deutsch

    Investing.com Deutsch

  • Company2026-09-25

    Qualcomm's CMO reveals the secret behind Snapdragon's rise - Yahoo Finance

    Yahoo Finance

  • Company2026-09-25

    Why Is Qualcomm (QCOM) Pushing AI From Phones To Cars And Edge Devices? - Yahoo Finance

    Yahoo Finance

  • Company2026-09-23

    Warum Rückt QUALCOMM (QCOM) Mit Optischen Chip Verbindungen Für AI Infrastruktur In Den Fokus? - simplywall.st

    Simply Wall St

  • Company2026-09-28

    Qualcomm bringt Snapdragon X2 offiziell zu Linux - it-daily

    it-daily

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Operating margin fell 10.3 percentage points in the latest quarter compared to a year earlier, from 26.7% to 16.4%, signaling significant margin pressure despite strategic expansion into AI and automotive markets [Sentinellis calculation].

1 of 5 risks in this report

Risks

5

Opportunities

5

Red flags

1

Leadership

10

10 more findings in the full report — free with any account.

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Produced 28 Sept 2026, 13:12 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated