Qualcomm's shares are under pressure as rising costs and weakening demand weigh heavily on its performance.
Qualcomm Incorporated (NASDAQ:QCOM) is seeing a significant drop in its stock price, down 3.41% to CA$182.27. This decline reflects ongoing challenges in the semiconductor market, especially in the smartphone sector.
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Qualcomm Incorporated
QCOM.US
QCOM.US
Qualcomm Incorporated
WealthAwesomeMarket cap
$210.66B
P/E
22.6x
Div. yield
1.81%
Div. / share
$3.59
52W high
$257.56
52W low
$120.88
1W change
+6.71%
Beta
1.68
Analyst Price Targets
Based on 37 analysts covering QCOM · as of Sep 17, 2026
Wall Street analysts forecast QCOM stock price to rise 659.5% over the next 12 months.
Consensus
Buy3.73 / 5.00
Avg. Target
C$194.13
+659.5% Upside
Current Price
C$25.56
Last close
Analyst Breakdown (37 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on QCOM's historical volatility
30-Day Vol
40.8%
Annualized
90-Day Vol
50.9%
Annualized
Trend (90d)
+20.8%
Annualized drift
90d Mean
C$212.47
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$202.19 | C$175.61 – C$232.79 |
| 60 trading days | C$207.27 | C$169.81 – C$252.98 |
| 90 trading days | C$212.47 | C$166.45 – C$271.21 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be cautious as Qualcomm faces significant margin pressures and weakening demand, particularly from major clients like Apple.
-3.41%
Qualcomm's stock has taken a hit, highlighting broader concerns about its profitability and market position.
Bull case
Qualcomm's investments in AI and data-center products could bring long-term benefits, setting the company up for future growth.
Bear case
Rising costs for semiconductor materials and a drop in smartphone demand are seriously hurting Qualcomm's profitability, leading to a negative outlook.
Rising Costs and Margin Pressure
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Qualcomm is dealing with increasing semiconductor input costs, which are putting significant pressure on its margins. The company's QCT EBT margin has dropped from 30% to 26% year-over-year, with projections suggesting further declines to between 23% and 25% in the upcoming quarter. This margin pressure is largely due to higher costs throughout the semiconductor supply chain, including wafer fabrication and assembly.
Weak Demand from Key Clients
The decline in smartphone demand, particularly from major clients like Apple, is making Qualcomm's situation even tougher. The company has lowered its expectations for modem share in upcoming iPhone launches, anticipating a significant drop. This shift is expected to lead to a 50% sequential decline in Apple-related revenue from September to December 2026, further straining Qualcomm's financial outlook.
Market Sentiment and Future Outlook
With a Zacks Rank of #5 (Strong Sell), Qualcomm's stock reflects bearish sentiment among investors. Analysts are worried about the company's ability to bounce back from these challenges in the near term, especially as earnings estimates continue to fall. The market is closely watching how Qualcomm handles these pressures and whether its investments in AI and data-center products will eventually pay off.
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