QUALCOMM is outperforming the Technology sector, with stock rising after beating Q1 expectations.

From Nasdaq: 2025-03-03 13:36:31

QUALCOMM Incorporated is a large-cap semiconductor company with a market cap of $173.8 billion, known for its CDMA technology and Snapdragon processors. Despite slipping from its 52-week high, QCOM outperformed the Technology Select Sector SPDR Fund in recent months. Challenges include Apple’s shift away from QCOM patents and supply chain constraints.

QCOM shares rose over 1% after reporting Q1 results beating Wall Street expectations. Q2 expectations include adjusted EPS of $2.70 to $2.90 and revenue between $10.2 billion and $11 billion. Broadcom has outperformed QCOM in the past year but lags on a YTD basis. Analysts are moderately bullish on QCOM with a consensus “Moderate Buy” rating and a mean price target of $201.44 suggesting a potential upside of 28.2%.



Read more at Nasdaq: QUALCOMM Stock: Is QCOM Underperforming the Technology Sector?