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

QUALCOMM Incorporated (NASDAQ:QCOM) – Equities research analysts at Zacks Research dropped their Q3 2025 EPS estimates for shares of QUALCOMM in a report issued on Tuesday, July 15th. Zacks Research analyst R. Department now forecasts that the wireless technology company will post earnings per share of $2.11 for the quarter, down from their prior forecast of $2.12. The consensus estimate for QUALCOMM’s current full-year earnings is $9.39 per share. Zacks Research also issued estimates for QUALCOMM’s Q2 2026 earnings at $2.15 EPS, Q3 2026 earnings at $2.58 EPS, Q1 2027 earnings at $2.27 EPS, Q2 2027 earnings at $2.14 EPS and FY2027 earnings at $9.16 EPS.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 30th. The wireless technology company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.03. QUALCOMM had a net margin of 26.11% and a return on equity of 40.11%. The company had revenue of $10.98 billion during the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter last year, the firm posted $2.44 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis.

Several other analysts also recently commented on the stock. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Seaport Res Ptn raised shares of QUALCOMM to a “hold” rating in a report on Friday, May 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, May 1st. Susquehanna reduced their target price on shares of QUALCOMM from $210.00 to $190.00 and set a “positive” rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $186.00.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $154.80 on Friday. The company has a market capitalization of $169.97 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.97 and a beta of 1.26. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.73. The company has a 50-day simple moving average of $153.95 and a 200 day simple moving average of $154.97. QUALCOMM has a 52 week low of $120.80 and a 52 week high of $196.24.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.30%. QUALCOMM’s dividend payout ratio is 36.25%.

Insider Buying and Selling

In related news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $137.74, for a total transaction of $220,384.00. Following the completion of the transaction, the insider directly owned 22,793 shares in the company, valued at $3,139,507.82. This represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Inc/De Qualcomm sold 412,500 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $16.00, for a total transaction of $6,600,000.00. The disclosure for this sale can be found here. Insiders sold a total of 424,099 shares of company stock worth $8,310,735 in the last three months. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On QUALCOMM

A number of institutional investors have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock worth $19,098,000 after acquiring an additional 105,631 shares during the last quarter. Teza Capital Management LLC bought a new stake in QUALCOMM during the 4th quarter worth approximately $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in QUALCOMM by 3.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock worth $28,979,000 after acquiring an additional 6,017 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in QUALCOMM by 1.9% during the 1st quarter. Kanawha Capital Management LLC now owns 85,414 shares of the wireless technology company’s stock worth $13,120,000 after acquiring an additional 1,573 shares during the last quarter. Finally, First Foundation Advisors grew its holdings in QUALCOMM by 41.2% during the 4th quarter. First Foundation Advisors now owns 156,770 shares of the wireless technology company’s stock worth $24,083,000 after acquiring an additional 45,769 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

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.