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Stock Comparison · Valuation-led comparison

QUALCOMM vs Seagate Technology Holdings: Which Stock Looks Stronger in 2026?

The structural profiles are close, with QUALCOMM carrying a narrow edge on valuation. Seagate Technology still leads on growth and profitability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. 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 2026-07-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight.

Trajectory Similarity
0.64
Moderately similar
Peer-set rank: #16
within QUALCOMM Incorporated's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The strongest overlap appears in capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
What reduces the match
recent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
QCOM
QUALCOMM Incorporated
54
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
STX
Seagate Technology Holdings plc
52
Peer-Score
Signal qualityMedium
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: QCOM vs STX Profitability 37 68 Stability 38 51 Valuation 87 26 Growth 46 71 QCOM STX
Gap Ranking
#1 Valuation +61
#2 Profitability +31
#3 Growth +25
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for QCOM and STX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer QCOMSTX Relative valuation Structural strength

Seagate Technology Holdings plc occupies the cheaper side of the setup map, although QUALCOMM Incorporated still holds the stronger structural profile.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY QCOM Elevated · above norm 0th 50th 100th 6 pct gap STX Elevated · above norm 0th 50th 100th 92nd 98th
QCOM (92nd percentile) and STX (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
QUALCOMM Incorporated ranks near the top of the group on valuation; Seagate Technology Holdings plc sits in the weaker half.
Profitability
The same broad pattern appears on profitability: Seagate Technology Holdings plc ranks near the top of the group, while QUALCOMM Incorporated stays in the weaker half.
Valuation — Dominant Gap
QCOM
87
STX
26
Gap+61in favour of QCOM

The multiple-based pricing edge comes from a forward P/E that is 14 turns lower.

What keeps the gap from being one-sided

Profitability still favours Seagate Technology, with a 13.6-point operating margin advantage keeping the comparison from looking fully resolved.

What this means for the comparison

The main read on valuation is clearer than the broader score gap.

Explore full peer positioning in AssetNext

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

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Other comparisons with conflicting dimension signals

Explore how QCOM and STX 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.