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Microchip Technology vs QUALCOMM: Which Stock Looks Stronger in 2026?

QUALCOMM leads structurally, with valuation as the clearest single gap between the two profiles. Microchip Technology still has the edge on growth, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

Most of the separation is still concentrated in valuation. The overall score gap is 13 points in favour of QUALCOMM Incorporated.

INDUSTRY COMPARISON

Both operate in: Semiconductors

This comparison is based on industry proximity, not on functional trajectory similarity. MCHP and QCOM share the same industry classification.

For a similarity-based comparison, see how Microchip Technology and QUALCOMM each position within their functional peer groups in AssetNext.

Peer-Relative Score
MCHP
Microchip Technology Incorporated
35
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
QCOM
QUALCOMM Incorporated
48
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: MCHP vs QCOM Profitability 25 32 Stability 41 34 Valuation 11 77 Growth 81 44 MCHP QCOM
Gap Ranking
#1 Valuation +66
#2 Growth +37
#3 Profitability +7
#4 Stability +7
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MCHP and QCOM Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MCHPQCOM Relative valuation Structural strength

Structure clearly favours Microchip Technology Incorporated, even though current pricing leans the other way.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where MCHP and QCOM each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY MCHP Elevated · below norm 0th 50th 100th 0 pct gap QCOM Elevated · above norm 0th 50th 100th 99th 98th
MCHP (99th percentile) and QCOM (98th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, QUALCOMM Incorporated ranks near the top of the group; Microchip Technology Incorporated sits in the weaker half.
Growth
On growth, the same pattern holds: both are strong, but Microchip Technology Incorporated still leads clearly.
Valuation — Dominant Gap
MCHP
11
QCOM
77
Gap+66in favour of QCOM

The multiple-based pricing edge comes from a forward P/E that is 4.1 turns lower.

What keeps the gap from being one-sided

Microchip Technology still pushes back on growth, with a 39-point revenue-growth advantage that keeps the read from becoming one-way.

What this means for the comparison

The valuation lead is clear, but pricing and growth still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the MCHP vs QCOM comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how MCHP and QCOM each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

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.