Key Takeaways for QUALCOMM Incorporated Stock as of July 2026
- Thirty-seven analysts cover Qualcomm stock, and 22 of them rate it a hold, yet the group’s mean target of $222 still sits 21% above the current $184 price.
- TIKR’s model prices Qualcomm stock at $477, a 159% total return by 2030.
- Trading near $184 while revenue is still contracting 11% year over year through the December quarter, Qualcomm stock looks undervalued given the guided snapback to 12% growth by June 2027.
- Following the June 24 Investor Day, Qualcomm doubled its fiscal 2029 non-handset revenue target to $40 billion, with data center revenue alone targeted at $15 billion.
Qualcomm Stock Cools After Investor Day Doubles Its Data Center Target
Qualcomm (QCOM) stock closed at $184 on July 13, 2026, sitting roughly 17% below the $221 level it touched in the days right after the company’s June 24 Investor Day reset its long-term growth targets. That retreat has tracked a broader semiconductor selloff tied to renewed US-Iran tensions and profit-taking in memory names, not anything specific to Qualcomm.
At that event, Chief Financial Officer and Chief Operating Officer Akash Palkhiwala addressed the scale of the revision directly in Qualcomm’s 2026 Investor Day call: “Our fiscal ’29 revenue target is now $40 billion… This is nearly 2x increase in the target for revenues in fiscal ’29.” Eighteen months earlier, that same fiscal 2029 non-handset target had stood at just $22 billion.
Data center revenue carries $15 billion of that new target, anchored by a multigeneration deal to supply Meta with Dragonfly C1000 CPUs and a Microsoft commitment to deploy Qualcomm’s High Bandwidth Compute chips across Azure data centers. Qualcomm also agreed to buy AI software startup Modular for nearly $4 billion in stock, giving its chips a compute layer that runs inference workloads without hyperscalers rewriting code for every processor.
Automotive is compounding the diversification story. The design-win pipeline has grown to $65 billion from $45 billion in under two years, and the segment is on pace to exit fiscal 2026 at a $6 billion annualized run rate.
None of that offsets the near-term drag from handsets. Revenue for the March 2026 quarter came in at $10.6 billion, down 2% year over year, and the Street models a trough near negative 11% growth by December 2026 before a snapback to 12% growth by June 2027. That bottom lines up with Qualcomm’s Q2 earnings call, which flagged China Android shipments troughing in the fiscal third quarter as OEMs drain a memory-driven inventory overhang, the same dynamic behind the stock’s July pullback.
Wall Street’s Hold-Heavy Consensus on QCOM Stock
Thirty-seven analysts cover Qualcomm stock, and the group leans cautious: 22 hold ratings sit alongside 9 buys, 2 outperforms, 2 underperforms, 1 sell and 1 no opinion. The mean target of $222 sits 21% above the current $184 price, with a median of $225 and a range stretching from $100 to $314 across 30 price-target contributors. That mean has climbed from $156 in March 2026 to $222 today, tracking the stock’s recovery from its memory-driven low and the Investor Day re-rate.
RBC Capital Markets raised its price target to $250 from $175 the day of the data center reveal, keeping a sector perform rating.
Wall Street Expects QCOM Stock’s Revenue Growth to Snap Back by Mid-2027
Qualcomm’s most recent actual quarter, the three months ended March 31, 2026, brought in $10.6 billion in revenue, down 2% year over year as the memory squeeze on handset OEMs started biting into shipments.
The Street models the decline steepening before it turns, with revenue growth bottoming near negative 11% in the December 2026 quarter, the deepest point of the memory-driven handset cycle.
That reverses by the June 2027 quarter, when analysts model a snapback to 12% year-over-year revenue growth, the first quarter to capture data center shipments layering onto the handset base.
The number that confirms the thesis is that December trough: if China Android shipments bottom as management guided, the swing from negative 11% to positive 12% growth in two quarters becomes the market’s next re-rating catalyst.
TIKR Values Qualcomm Stock at $477, Pricing In the Data Center Ramp
TIKR’s mid case model values Qualcomm stock at $477 by around September 2030, a 159% total return from the current $184 price, or 25% annualized over 4.2 years.
That annualized return sits well above what investors typically expect from a mature, dividend-paying semiconductor name, positioning Qualcomm stock closer to a growth re-rate than a slow compounder.
The target is reachable because the same revenue inflection driving the Street’s estimates, the swing from a negative 11% trough to 12% growth by mid-2027, is only the first leg of a data center business Qualcomm has guided to $15 billion by fiscal 2029 and non-handset revenue to $40 billion, double its prior target.
Should You Invest in QUALCOMM Incorporated?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up QUALCOMM Incorporated stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track QUALCOMM Incorporated alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
Access Professional Tools to Analyze QCOM stock on TIKR for Free →
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
