Qualcomm Inc NASDAQ:QCOM Price, Chart, News & Insight

Qualcomm Gains 4.3% as Wells Fargo Raises Price Target on AI and Smartphone Recovery Outlook

Qualcomm (QCOM) rose 4.3% on Friday after receiving a vote of confidence from Wells Fargo, which raised its price target on the semiconductor company from $160 to $230 while maintaining its Equal Weight rating.

The substantial target increase reflects growing optimism about Qualcomm's positioning in several key growth markets, including artificial intelligence-enabled devices, premium smartphones, automotive technology, and edge computing. While Wells Fargo stopped short of issuing a more bullish rating, the higher target suggests analysts see significantly greater earnings potential than previously anticipated.

Investor sentiment toward Qualcomm has improved in recent months as demand for AI-capable smartphones and connected devices continues to strengthen. The company is increasingly viewed as a beneficiary of the next wave of on-device AI adoption, with its Snapdragon processors enabling advanced AI features directly on smartphones, PCs, and other edge devices.

The rally also comes amid broader strength across the semiconductor sector, where investors continue to favor companies exposed to artificial intelligence spending. While much of the market's attention has focused on data-center AI leaders, Qualcomm is emerging as one of the key beneficiaries of AI deployment at the consumer device level.

Wells Fargo's decision to reaffirm its positive view while sharply increasing its price target reinforced investor confidence that Qualcomm's growth opportunities extend beyond the traditional smartphone market. The firm's expanding presence in automotive chips, industrial applications, and AI-powered computing platforms is helping diversify revenue streams and support long-term growth expectations.

Friday's advance suggests investors are increasingly recognizing Qualcomm as an important player in the AI ecosystem, with the target increase serving as another indication that Wall Street expects stronger earnings growth as AI-enabled devices become more widely adopted.

💬 🔗

WS Investor 06-12-26

Qualcomm Jumps 11.7% in Pre-Market as Automotive and AI Momentum Overshadow Handset Weakness

Qualcomm shares are surging 11.7% in pre-market trading, extending an after-hours rally following a Q2 fiscal 2026 earnings report that beat expectations on both revenue and profit, even as near-term headwinds in the handset business temper the longer-term outlook.

The San Diego chipmaker reported non-GAAP EPS of $2.65 on revenue of $10.6 billion, surpassing analyst forecasts of $2.55 EPS and $10.58 billion in revenue. The beat is consistent with the company's strong track record in its diversification drive, which was already evident in the FY2025 full-year results where non-Apple QCT revenues grew 18% year-over-year and combined automotive and IoT revenues rose 27%. (Investing*com)

The standout story remains automotive. Automotive exceeded $5 billion in annualized revenues for the first time in Q2, driven by Qualcomm's fourth-generation Snapdragon Digital Chassis platform covering connectivity, telematics, infotainment and advanced driver assistance. The company expects to exit fiscal 2026 at an automotive run rate above $6 billion. QTL licensing added stability with 5% revenue growth to $1.38 billion and EBT margins above 70%. (Yahoo Finance, Stocktitan)

💬 🔗

WS Investor 04-30-26

Qualcomm (NASDAQ: QCOM) announced a quarterly cash dividend of $0.92 per common share, payable on June 25, 2026, to stockholders of record on June 4, 2026.

💬 🔗

European Investor 04-18-26

Qualcomm urged its shareholders to reject an unsolicited “mini-tender” offer from Tutanota LLC, warning that the proposal is structured to potentially acquire shares at a below-market price.

The offer seeks to purchase up to 500,000 Qualcomm shares—less than 0.05% of outstanding stock—at $150 per share, but is conditional on the company’s share price exceeding that level before expiration. Qualcomm stated that this condition, along with other uncertainties such as financing requirements, could disadvantage investors and delay payment.

Qualcomm emphasized that it is not affiliated with Tutanota and does not endorse the offer, advising shareholders not to tender their shares. The company also noted that investors who have already participated can withdraw their shares before the April 27, 2026 deadline.

The company further highlighted that mini-tender offers typically fall below the 5% ownership threshold, allowing bidders to bypass certain U.S. Securities and Exchange Commission protections. Regulators have cautioned that such offers may attempt to exploit investors who do not compare the offer price with current market values.

💬 🔗

European Investor 04-18-26

Qualcomm announced that it will publish the Company’s financial results for its second quarter of fiscal 2026 on Wednesday, April 29, 2026, after the close of the market

💬 🔗

WS Investor 04-16-26

Bosch and Qualcomm have expanded their strategic partnership to include advanced driver assistance systems (ADAS), building on their existing collaboration in digital cockpit technologies.

The companies will jointly develop scalable, cost-efficient vehicle computing platforms powered by Qualcomm’s Snapdragon Ride technologies, enabling features ranging from basic driver assistance to advanced automated driving. The partnership also supports the integration of cockpit and ADAS functions into unified systems to reduce complexity and cost.

Bosch also highlighted a milestone of delivering over 10 million cockpit computers using Snapdragon platforms, underscoring the success of the collaboration. The expanded partnership aims to accelerate the adoption of software-defined vehicle architectures, with new ADAS-enabled vehicles expected to reach the market by 2028.

💬 🔗

European Investor 04-11-26

Qualcomm and Snap Inc. have expanded their long-term partnership through a new multi-year agreement to power future generations of augmented reality eyewear.

Under the deal, Snap’s Specs devices will utilize Qualcomm’s Snapdragon XR platforms, enabling advanced on-device AI, high-performance computing, and immersive digital experiences integrated into real-world environments. The collaboration builds on a decade-long relationship between the two companies, which previously supported Snap’s Spectacles products.

The initiative aims to create a scalable ecosystem for developers and accelerate the adoption of intelligent, context-aware AR applications, positioning both companies at the forefront of next-generation computing.

💬 🔗

European Investor 04-11-26

Qualcomm Incorporated Raises Dividend and Authorizes $20 Billion Share Buyback

Qualcomm Incorporated announced an increase in its quarterly cash dividend to $0.92 per share, up from $0.89, bringing the annualized payout to $3.68 per share.

The company also approved a new $20 billion stock repurchase program, in addition to approximately $2.1 billion remaining under its existing authorization. The new buyback program has no expiration date and will be executed based on market conditions and other factors.

The move highlights Qualcomm’s continued focus on returning capital to shareholders alongside ongoing investments in technology expansion and diversification.

💬 🔗

WS Investor 03-17-26

Qualcomm and UK-based autonomous driving company Wayve announced a collaboration to deliver a production-ready advanced driver assistance and automated driving platform for automakers. The partnership integrates Wayve’s AI Driver software with Qualcomm’s Snapdragon Ride platform and Active Safety stack to create a pre-integrated system capable of supporting functions ranging from hands-off driving assistance to more advanced eyes-off automated driving.

Wayve’s AI Driver uses an end-to-end, data-driven approach that learns driving behavior directly from large-scale real-world data rather than relying heavily on rule-based systems or high-definition maps. Combined with Qualcomm’s automotive system-on-chip hardware and safety-certified software architecture, the platform is designed to provide scalable, high-performance AI processing for autonomous driving features across different vehicle models and regions.

The companies said the integrated platform aims to simplify development and reduce time-to-market for automakers by lowering system integration complexity while maintaining flexibility for customization and future upgrades. Qualcomm and Wayve also plan to explore using Qualcomm chips in future Level 4 robotaxi applications.
Globe Newswire

💬 🔗

European Investor 03-10-26

NEURA Robotics and Qualcomm Technologies announced a long-term strategic collaboration to develop next-generation robotics and physical AI platforms aimed at accelerating the deployment of cognitive and humanoid robots.

The partnership will combine Qualcomm’s Dragonwing robotics processors and edge AI capabilities with NEURA’s full-stack robotics systems and embodied AI software to create “Brain + Nervous System” reference architectures that integrate perception, reasoning and real-time robotic control. The companies also plan to develop standardized platforms and developer ecosystems to speed up the commercialization of robotics applications.

The collaboration is designed to support scalable robots that can safely operate alongside humans in industrial, service and household environments, helping bring physical AI from research into real-world deployment.

💬 🔗

WS Investor 03-09-26

NASDAQ:QCOMFollow

NASDAQ:QCOM