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Qualcomm Inc QCOM Stock Quote

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Morningstar‘s Stock Analysis QCOM

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Qualcomm to Continue Diversifying Beyond Smartphones With Auto and Internet of Things Growth

Abhinav Davuluri, CFA Sector Strategist

Business Strategy and Outlook

| Abhinav Davuluri, CFA |

We expect Qualcomm’s licensing business, the driver of the firm’s narrow moat rating, to continue generating solid cash flows, due to the ongoing ramp of 5G. However, government investigations into the business model have increased the possibility of negative effects on royalty revenue, reflected in our negative moat trend rating, even in light of the company's 2019 settlement with Apple and 2020 settlement with Huawei. Nonetheless, Qualcomm has been able to withstand these inquiries and maintain adequate royalty rates, and we think this will continue over time.

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Key Statistics QCOM

Company Profile QCOM

Business Description

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones and chips into automotive and Internet of Things markets.

5775 Morehouse Drive
San Diego, CA, 92121-1714
T +1 858 587-1121
Industry Semiconductors
Most Recent Earnings Jun 30, 2022
Fiscal Year End Sep 27, 2021
Employees 45,000

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