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Stock Comparison · Structural lead, mixed market

QUALCOMM vs Teradyne: Which Stock Looks Stronger in 2026?

Teradyne holds the cleaner structural position, with the lead spread across growth and valuation. QUALCOMM still leads on valuation and stability, which keeps the comparison from looking entirely one-sided. On the market side, Teradyne is in better shape — its trend is intact while QUALCOMM's trend has broken down. That puts structure and market broadly in agreement — Teradyne's lead looks more confirmed than conflicted.

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 2026-08-16

The clearest separation starts in growth, with profitability adding a second layer of support. The overall score gap is 12 points in favour of Teradyne, Inc..

Trajectory Similarity
0.77
Similar
Peer-set rank: #1
within QUALCOMM Incorporated's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

Most of the shared profile comes through capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
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
41
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
TER
Teradyne, Inc.
53
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

The largest gaps do not all point in the same direction.

Dimension spread: QCOM vs TER Profitability 22 64 Stability 39 22 Valuation 85 33 Growth 4 100 QCOM TER
Gap Ranking
#1 Growth +96
#2 Valuation +52
#3 Profitability +42
#4 Stability +17
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for QCOM and TER Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer QCOMTER Relative valuation Structural strength

Teradyne, Inc. still looks cheaper, even though QUALCOMM Incorporated remains structurally stronger.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY QCOM Elevated · above norm 0th 50th 100th 17 pct gap TER Elevated · above norm 0th 50th 100th 82nd 99th
Today QCOM sits in the upper portion of its own 5-year history (82nd percentile), while TER sits higher in its own history (99th). Within each stock's own 5-year context, QCOM is at a historically more favourable entry position than TER. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

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

Relative Position vs Comparable Companies
Growth
Teradyne, Inc. ranks near the top of the group on growth; QUALCOMM Incorporated sits in the weaker half.
Valuation
The same broad pattern appears on valuation: QUALCOMM Incorporated ranks near the top of the group, while Teradyne, Inc. stays in the weaker half.
Growth — Dominant Gap
QCOM
4
TER
100
Gap+96in favour of TER

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for QUALCOMM, with a forward P/E that is 20 turns lower there.

What this means for the comparison

Growth settles the comparison, while pricing and valuation keep the broader setup from looking fully aligned.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how QCOM and TER 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.