ATLAS
QCOM

Qualcomm

Watchlist Only
AI accelerators · GPUs · ASICs·US·San Diego, CA·#10 / 14 in segment·1.1% of segment mcap
$202.51
6.7% vs S&P 12m

Mobile SoC and modem leader pushing on-device AI with Snapdragon X and a re-entry into data center inference via Cloud AI accelerators.

Owns the Android edge-AI compute story and is a wildcard in data center inference; thesis upside is modest but cheap.

Products
  • Snapdragon mobile SoCs
  • Snapdragon X PC
  • Cloud AI 100
  • Auto compute
Customers (4)
Competitors (3)

Composite score

Higher = stronger overall research case

60
Fundamental61
Technical61
Valuation75
AI relevance55
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 40

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 35.1%6M RS: 10.1%12M RS: 6.7%Vol30d: 83%DD52w: -14.7%

Financial summary

Curated, illustrative

Revenue
$44.49B
Growth (YoY)
-3.5%
Gross margin
54.8%
Operating margin
22.1%
FCF
$9.59B
Capex
$4.70B
Net cash / (debt)
$-5.47B
ROIC
12.7%
Customer conc.
Medium

Valuation

Market cap
$213.45B
Enterprise value
$218.92B
P/E (TTM)
21.8x
Forward P/E
19.0x
EV / Sales
4.9x
EV / EBITDA
16.8x
P / FCF
22.3x
PEG
0.9x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Apple modem insourcing
  • 3
    China handset exposure

Score components

What drove the composite

Growth31
Profitability69
Cash generation76
Balance sheet74
Moat / AI relevance62
Capital intensity (higher = lighter)59
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)71
Relative strength68
Realized vol (higher = lower vol)23