What is Zacks Research’s Estimate for QUALCOMM Q3 Earnings?

QUALCOMM Incorporated (NASDAQ:QCOM) – Zacks Research decreased their Q3 2025 earnings per share (EPS) estimates for shares of QUALCOMM in a research note issued to investors on Monday, October 28th. Zacks Research analyst R. Department now forecasts that the wireless technology company will post earnings per share of $1.98 for the quarter, down from their previous forecast of $1.99. The consensus estimate for QUALCOMM’s current full-year earnings is $8.02 per share. Zacks Research also issued estimates for QUALCOMM’s Q1 2026 earnings at $2.51 EPS and FY2026 earnings at $9.47 EPS.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.21. The business had revenue of $9.39 billion during the quarter, compared to analyst estimates of $9.23 billion. QUALCOMM had a return on equity of 38.12% and a net margin of 23.32%.

Several other research firms also recently weighed in on QCOM. JPMorgan Chase & Co. dropped their target price on shares of QUALCOMM from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 17th. Susquehanna cut their target price on shares of QUALCOMM from $250.00 to $230.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 target price (up previously from $185.00) on shares of QUALCOMM in a research report on Thursday, August 1st. Rosenblatt Securities upped their price target on QUALCOMM from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Hsbc Global Res lowered QUALCOMM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $207.92.

QUALCOMM Price Performance

NASDAQ QCOM opened at $162.77 on Thursday. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.53. QUALCOMM has a 1 year low of $106.69 and a 1 year high of $230.63. The company has a market cap of $181.33 billion, a PE ratio of 21.08, a PEG ratio of 1.71 and a beta of 1.28. The stock’s 50-day moving average price is $168.94 and its two-hundred day moving average price is $181.93.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Presidio Capital Management LLC acquired a new stake in QUALCOMM in the 3rd quarter worth $482,000. Smith Thornton Advisors LLC grew its position in QUALCOMM by 30.3% during the third quarter. Smith Thornton Advisors LLC now owns 2,906 shares of the wireless technology company’s stock worth $494,000 after buying an additional 676 shares in the last quarter. Lewis Asset Management LLC increased its stake in QUALCOMM by 9.9% during the third quarter. Lewis Asset Management LLC now owns 3,928 shares of the wireless technology company’s stock valued at $668,000 after acquiring an additional 354 shares during the period. Hudson Value Partners LLC raised its holdings in QUALCOMM by 1.6% in the 3rd quarter. Hudson Value Partners LLC now owns 32,402 shares of the wireless technology company’s stock valued at $5,510,000 after acquiring an additional 520 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its position in shares of QUALCOMM by 9.4% in the 3rd quarter. Portside Wealth Group LLC now owns 16,092 shares of the wireless technology company’s stock worth $2,736,000 after acquiring an additional 1,381 shares during the period. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now owns 213,364 shares of the company’s stock, valued at $36,229,207.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO James H. Thompson sold 8,000 shares of QUALCOMM stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $169.80, for a total value of $1,358,400.00. Following the transaction, the chief technology officer now directly owns 213,364 shares in the company, valued at approximately $36,229,207.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander H. Rogers sold 3,245 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $166.15, for a total value of $539,156.75. Following the sale, the insider now owns 32,231 shares of the company’s stock, valued at approximately $5,355,180.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,245 shares of company stock valued at $2,395,407 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.85 dividend. The ex-dividend date is Thursday, December 5th. This represents a $3.40 annualized dividend and a yield of 2.09%. QUALCOMM’s dividend payout ratio (DPR) is currently 44.04%.

About QUALCOMM

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 based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.