What is the fair value of QCOM?

Based on inv-AI’s institutional-grade analysis, the 12-month fair value estimate for Qualcomm Incorporated (QCOM) is $152 (range: $120–$181). Confidence level: HIGH.

Is QCOM overvalued or undervalued?

Qualcomm Incorporated (QCOM) is rated Underpriced by inv-AI. The current price is $128.67 versus a mid fair value of $152, implying +18.1% upside.

What is the QCOM price target for 2026?

inv-AI’s 2026 fair value range for Qualcomm Incorporated (QCOM) is $120 (bear) to $181 (bull), with a base case of $152.

Qualcomm Incorporated (QCOM) Valuation

Rating: Underpriced

12-Month Fair Value: $120 – $152 – $181

Confidence: HIGH

Post Q1 FY2026 earnings update. Record quarter: $12.25B revenue (+5% YoY, beat), $3.50 non-GAAP EPS (+3%, beat $3.40), Auto $1.1B (+15%), IoT $1.7B (+9%). But Q2 guidance below consensus ($10.2-11.0B vs $11.1B) due to HBM redirecting DRAM supply. FY2025: $44.3B revenue, $12.03 non-GAAP EPS, $12.8B record FCF. ARM dispute fully resolved. Apple modem exit $7.3-7.8B at risk by 2028. Auto pipeline $45B+. DCF $170 (WACC 10%, TG 3%), P/E $165 (14x), EV/Rev $136 (3.3x), EV/EBITDA $147 (10x). At $137 (11.6x FY26E P/E), 20% below blended fair value $164. NT R/R 1.75:1, LT R/R 3.45:1. Accumulate at $130-145.

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