Qualcomm is a major technology company that designs and sells semiconductor products and services. It is best known for its chips that power many of the world's smartphones. The company operates in a highly competitive market for computer parts and mobile technology, facing challenges like supply chain issues.
On July 29, 2026, an analyst from Goldman Sachs set a price target of $180.00 for Qualcomm. At that time, the stock was trading at $155.68. This new target suggests a potential increase of about 15.62% from its price when the target was published, indicating a positive outlook from the analyst.
The company's recent performance shows mixed results. For its third quarter, Qualcomm reported revenues of $9.95 billion, which was 2.44% higher than what analysts expected. However, its earnings per share (EPS) of $2.21 slightly missed the estimate of $2.22. EPS is a company's profit divided by its number of shares.
Despite beating revenue expectations, Qualcomm's profit declined because of higher costs, as highlighted by the Wall Street Journal. The company also gave a soft outlook for the current quarter. This means it expects weaker performance in the near future, which has contributed to a daily stock price drop of 4.42%.
For the next quarter, Qualcomm expects adjusted EPS between $2.05 and $2.25, which is below what analysts predicted. To handle rising costs from a supply crunch, the company plans to increase the prices of its chips starting September 1. The CEO confirmed, "Cost went up, prices are going to go up."
