WallStSmart
QCOM

Qualcomm Incorporated

NASDAQ: QCOM · TECHNOLOGY · SEMICONDUCTORS

$179.58
+15.12% today

Updated 2026-04-30

Market cap
$166.62B
P/E ratio
31.39
P/S ratio
3.71x
EPS (TTM)
$4.97
Dividend yield
2.35%
52W range
$122 – $204
Volume
13.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Qualcomm Incorporated (QCOM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$179.58
Consensus
$166.05
-7.53%
2030 Target
$684.72
+281.29%
DCF
$219.99
+18.37% MoS
21 analysts:
4 Buy9 Hold9 Sell

Management guidance

No specific multi-year revenue targets were disclosed in available recent guidance. CEO Cristiano Amon has positioned Qualcomm as a diversified 'edge AI' leader pivoting from smartphones to automotive, IoT, and robotics. The $20B buyback and dividend increase signal confidence in long-term growth, but specific 2026-2030 revenue targets were not publicly stated.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,141.20
$61.5B Rev × 20x P/S
Base case (2030)
$684.72
$61.5B Rev × 12x P/S
Bear case (2030)
$456.48
$61.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2030 (E)
Revenue$35.8B$39.0B$44.3B$44.6B$47.8B$51.6B$61.5B
Revenue growth—8.8%13.7%0.8%7.1%8.0%9.4%
EPS$8.41$10.21$3.50$11.37$12.55$13.90$17.20
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$494.52$532.56$583.28$684.72

Catalysts & risks

Growth catalysts
+ AI PC and on-device AI adoption driving Snapdragon revenues
+ Automotive and autonomous driving partnerships (Wayve, Samsung, NTT DOCOMO)
+ 6G standardization and deployment beginning 2027-2028
+ Wearables platform expansion (Snapdragon Wear Elite)
+ Robotics and edge AI infrastructure commercialization
+ $20B share buyback supporting EPS growth
Key risks
- Loss of Apple modem business creating material revenue headwind (~5-8% of revenue)
- Smartphone market weakness and prolonged handset cycle downturn
- Intensifying competition from MediaTek, Arm-based competitors, and in-house designs (Apple, Amazon)
- China trade restrictions and geopolitical tensions affecting Asia operations
- Mixed analyst sentiment with recent downgrades citing limited near-term growth
- Execution risk on AI and automotive pivots; unproven revenue scale in new segments

Methodology

Qualcomm Incorporated's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.