KeyCorp Predicts Qualcomm’s Q3 Earnings (NASDAQ:QCOM)

Qualcomm Incorporated (NASDAQ:QCOM) – Stock analysts at KeyCorp dropped their Q3 2026 earnings per share estimates for shares of Qualcomm in a research note issued on Monday, July 13th. KeyCorp analyst J. Vinh now forecasts that the wireless technology company will earn $1.58 per share for the quarter, down from their previous estimate of $1.66. The consensus estimate for Qualcomm’s current full-year earnings is $7.96 per share. KeyCorp also issued estimates for Qualcomm’s Q4 2026 earnings at $1.69 EPS, FY2026 earnings at $8.02 EPS, Q1 2027 earnings at $1.95 EPS, Q2 2027 earnings at $1.72 EPS, Q3 2027 earnings at $1.54 EPS, Q4 2027 earnings at $1.74 EPS and FY2027 earnings at $6.95 EPS.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. Qualcomm’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS.

Several other research firms also recently commented on QCOM. Cantor Fitzgerald set a $220.00 price objective on shares of Qualcomm and gave the company a “neutral” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. increased their price target on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Tigress Financial raised their price target on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a report on Friday, May 8th. Citigroup lifted their price objective on Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, Susquehanna increased their target price on Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $221.31.

Qualcomm Stock Down 4.1%

Shares of QCOM stock opened at $170.61 on Friday. The company has a market capitalization of $179.82 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 5.30 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The company’s fifty day moving average price is $208.57 and its 200-day moving average price is $168.40. Qualcomm has a one year low of $121.99 and a one year high of $259.92.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This trade represents a 9.73% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $4,044,465 over the last 90 days. 0.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Qualcomm

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC boosted its stake in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. raised its holdings in shares of Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after buying an additional 57 shares during the last quarter. Sunbeam Capital Management LLC lifted its stake in shares of Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after buying an additional 58 shares during the period. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after buying an additional 59 shares during the period. Finally, Five Oceans Advisors grew its holdings in shares of Qualcomm by 3.3% during the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after buying an additional 59 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Erste Group Bank raised its FY2027 EPS estimate for Qualcomm to $7.97 from $7.74, slightly above the current consensus, which suggests at least one analyst sees earnings holding up better than expected. Qualcomm stock and analyst coverage
• Positive Sentiment: Reuters reported that Micron signed long-term agreements with Qualcomm and other automotive suppliers to secure memory and storage components for AI-enabled vehicles, a sign of ongoing automotive/AI design activity that could support future revenue. Reuters article on Micron and Qualcomm
• Neutral Sentiment: Qualcomm announced it will report fiscal Q3 2026 results on July 29, a near-term catalyst that could reset expectations but does not itself change fundamentals. Qualcomm earnings date announcement
• Negative Sentiment: KeyCorp cut EPS estimates across multiple future quarters and full years for Qualcomm, including FY2027 to $6.95 from $7.63, signaling slower expected profit growth and pressuring the stock. Qualcomm analyst estimates
• Negative Sentiment: Separate commentary highlighted a recent “short seller” controversy around an alleged Qualcomm-Anthropic partnership that was later found not to be real, which may have cooled some AI-related enthusiasm for the name. MSN article on QCOM stock slide

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.