QUALCOMM Incorporated ranks near the peer group median, with valuation as the main structural pillar while the other dimensions offer less support. That creates a tension: current price behavior looks stronger than the structural profile would suggest.
Peer-relative scores, weakest to strongest
Qualcomm designs and supplies semiconductor chips and telecommunications equipment, with a core business in mobile devices and expanding exposure to AI, automotive, and IoT markets.
QCOM is priced on diversification, not on cycle risk. The market’s focus on new growth drivers means that even with a 41.7% one-year volatility—high for a quality semiconductor—the valuation reflects expansion beyond handsets, as QCOM’s revenue is increasingly tied to AI, automotive, and IoT. The company has a 29.3% operating margin and is actively expanding into new segments, making it more than just a smartphone supplier. The market assigns QCOM a premium for its exposure to AI and automotive, and prices the stock to reward progress in these areas—yet any disappointment in these segments is swiftly reflected in the share price, with a sharp rerating following setbacks in AI or automotive growth.
Break down QCOM's position across all dimensions with the full interactive tool.
This analysis is rule-based and descriptive. Peer-relative scores are derived from functional peer group comparisons using publicly available financial data. Scores reflect structural positioning only and do not constitute investment advice, a buy or sell recommendation, or a forecast of future performance. AssetNext peer scores are recalculated periodically as new data becomes available.
AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.
Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.
Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.
Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.