Semiconductor stocks have had a strong year, with some companies benefiting from AI while others struggle with weak device demand. Intel (INTC) and TSMC (TSM) reported strong earnings, boosting major indexes.

Qualcomm (QCOM) will report Q4 FY2025 results on Nov. 5. Analysts expect $2.33 GAAP EPS on $10.9 billion revenue, following Q3 sales near $10.4 billion.

Qualcomm, based in San Diego, is a leading fabless semiconductor company specializing in wireless and mobile technologies, powering 5G smartphones, automotive systems, and IoT devices.

Valued at $195 billion, QCOM stock has gained 18% YTD, outperforming the tech market. A key driver was the launch of new data center AI chips in October.

Qualcomm appears undervalued in key metrics compared to the semiconductor industry median. Its trailing P/E is 17.5x, below the median of 39.5x, making it relatively attractive to peers.

In Q3, Qualcomm’s revenue rose 10% YoY to $10.4 billion, with strength in IoT and automotive. Handset revenue missed expectations, but expectations are high for Q4 with revenue guidance between $10.3 billion and $11.1 billion.

Qualcomm unveiled new data center inference chips, surging 10%. Analysts see opportunities in AI inference, though concerns remain about handset sales and trade issues.

Wall Street views QCOM stock cautiously upbeat, with analyst price targets ranging from $175 to $200, citing strong earnings and growth catalysts. The consensus is a “Moderate Buy” with a mean price target of $181.96.

Analysts are split on QCOM’s valuation, with some seeing more upside potential if handset demand improves, while others are cautious about macro headwinds.

Read more at Yahoo Finance: Dear Qualcomm Stock Fans, Mark Your Calendars for November 5