QUALCOMM Incorporated (NASDAQ: QCOM) is a leading global semiconductor company, renowned for its innovations in wireless technology, including 5G. It develops and supplies advanced chips, software, and services for mobile devices, automotive, and Internet of Things (IoT) applications.
Key Takeaways:
- QUALCOMM’s stock price is expected to show consistent growth over the next three decades.
- Technological advancements in 5G, 6G, and beyond will likely drive the company’s value.
- The stock is projected to reach $5800 by 2050, representing significant long-term potential.
Overview of QUALCOMM Incorporated
QUALCOMM Incorporated, founded in 1985, has established itself as a global leader in wireless technology innovation and development. The company’s primary focus areas include:
- 5G and future wireless technologies
- Mobile processors and chipsets
- Internet of Things (IoT) solutions
- Automotive connectivity and computing platforms
QUALCOMM’s history is marked by significant contributions to the mobile industry, including the development of CDMA technology and ongoing advancements in cellular communications.
QUALCOMM Incorporated Company Profile
| Company Profile | Qualcomm Incorporated |
| Country | United States |
| Ticker Symbol | QCOM |
| Exchange | NASDAQ |
| Founded | 1985 |
| IPO Date | 1991 |
| Industry | Wireless Telecommunications |
| Sector | Technology |
| Employees | 50,000 |
| CEO | Cristiano R. Amon |
| Market Cap (August 29, 2024) | $188.81 billion |
| Website | qualcomm |
QUALCOMM Incorporated (QCOM) Balance Sheet Analysis
QUALCOMM Incorporated (NASDAQ: QCOM) reported a robust balance sheet for the fiscal year ending September 30, 2023. The company’s total assets reached $51.04 billion, a slight increase from $49.01 billion in 2022, indicating steady growth.
Total liabilities decreased to $29.46 billion from $31.00 billion the previous year, while total equity grew significantly to $21.58 billion, up from $18.01 billion. This improvement in equity position strengthened QUALCOMM’s financial foundation.
The company’s working capital showed a healthy increase to $12.84 billion, demonstrating improved liquidity. QUALCOMM maintained a strong cash position, with total debt at $15.40 billion and net debt reduced to $6.95 billion, suggesting effective debt management.
Net tangible assets rose impressively to $9.53 billion from $5.62 billion in 2022, reflecting growth in the company’s tangible asset base. Overall, QUALCOMM’s 2023 balance sheet demonstrates financial stability, improved equity position, and efficient capital management, positioning the company well for future growth and investment opportunities.
Balance Sheet Data Source: finance.yahoo
QUALCOMM Stock Price History
QUALCOMM Incorporated (NASDAQ: QCOM) had its IPO in the year 1991. QUALCOMM (QCOM) has undergone four stock splits since its inception. The splits occurred in 1994, 1999 (twice), and 2004. The cumulative effect is significant: one share purchased before February 1994 would equal 32 shares today.1
As of August 29, 2024, QUALCOMM’s stock price stands at $169.49.
QCOM Stock Price Forecast 2024
We anticipate moderate growth for the remainder of the year.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $160.00 | $195.50 | $244.38 |
Our forecast suggests a potential growth of 5% by the end of 2024, with the average price reaching $195.50.
In 2024, QUALCOMM is expected to benefit from the continued global rollout of 5G networks. The company’s focus on developing advanced mobile processors and expanding its presence in the Internet of Things (IoT) sector could drive growth. However, ongoing supply chain challenges and semiconductor shortages may impact short-term performance.
QCOM Stock Price Forecast 2025
In 2025, we expect QUALCOMM to benefit from increased 5G penetration and emerging IoT applications.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $198.00 | $220.00 | $275.00 |
The projected growth for 2025 is approximately 12.5% compared to 2024, with an average price of $220.00.
2025 could see QUALCOMM capitalize on the growing demand for 5G-enabled devices across various sectors. The company’s investments in artificial intelligence and machine learning technologies may start to yield significant returns. Expansion in automotive and industrial IoT markets could provide new revenue streams, potentially offsetting any slowdown in the smartphone market.
QCOM Stock Price Forecast 2026
As 5G technology matures and new use cases emerge, QUALCOMM is poised for continued growth in 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $220.00 | $248.60 | $310.75 |
We forecast a growth of about 13% from 2025, with the average price reaching $248.60.
By 2026, QUALCOMM’s 5G modem technology is likely to be widely adopted in various industries beyond smartphones. The company’s advancements in edge computing and AI processing could open up new market opportunities. Increased focus on energy-efficient chips for IoT devices may also contribute to growth. However, intensifying competition in the semiconductor industry could pose challenges.
QCOM Stock Price Forecast 2027
In 2027, QUALCOMM may see increased revenue from automotive and IoT sectors, contributing to stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $244.20 | $280.83 | $351.04 |
The projected growth for 2027 is approximately 13%, with an average price of $280.83.
QUALCOMM’s expansion in the automotive sector could gain significant traction by 2027, with advanced driver-assistance systems (ADAS) and autonomous driving technologies becoming more prevalent. The company’s efforts in developing custom AI accelerators might lead to breakthroughs in mobile and IoT applications. Potential collaborations with major tech companies could further boost investor confidence.
QCOM Stock Price Forecast 2028
As 6G research intensifies, QUALCOMM’s leading role in wireless technology could drive further stock price increases.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $271.06 | $317.33 | $412.53 |
We anticipate a growth of about 13% from 2027, with the average price reaching $317.33.
2028 may see QUALCOMM at the forefront of 6G research and development. The company’s early investments in this next-generation technology could position it as a market leader. Advancements in quantum computing applications for mobile devices might also contribute to QUALCOMM’s growth. Increased adoption of IoT in smart cities and industrial applications could provide additional revenue streams.
QCOM Stock Price Forecast 2029
The potential commercialization of early 6G technologies may contribute to QUALCOMM’s stock performance in 2029.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $300.88 | $358.58 | $466.15 |
The forecast suggests a growth of approximately 13% compared to 2028, with an average price of $358.58.
By 2029, QUALCOMM might begin showcasing early 6G prototypes, potentially sparking investor excitement. The company’s continued innovation in AI and machine learning could lead to more efficient and powerful mobile processors. Expansion into new markets, such as advanced healthcare devices and augmented reality applications, may diversify revenue sources and mitigate risks associated with market fluctuations.
QCOM Stock Price Forecast 2030
By 2030, QUALCOMM’s diversification into new markets and continued innovation in wireless technology could drive substantial growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $333.98 | $405.19 | $526.75 |
We project a growth of about 13% from 2029, with the average price reaching $405.19.
2030 could mark a significant milestone in QUALCOMM’s 6G development efforts. The company’s leadership in this emerging technology may solidify its market position. Advancements in neuromorphic computing and AI chips could open up new possibilities in mobile and IoT devices. QUALCOMM’s role in enabling smart city infrastructure and next-generation transportation systems might become more prominent.
As QUALCOMM continues to innovate in wireless technology, other tech companies like Broadcom are also making strides in the semiconductor industry. You can learn more about Broadcom’s future prospects in our Broadcom stock price prediction.
QCOM Stock Price Forecast 2031
In 2031, QUALCOMM may benefit from increased adoption of advanced IoT and edge computing solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $370.71 | $457.86 | $595.22 |
The forecast indicates a growth of approximately 13% compared to 2030, with an average price of $457.86.
QUALCOMM’s edge computing solutions could see widespread adoption by 2031, driven by the need for low-latency processing in various applications. The company’s advancements in AI-powered chips might enable new possibilities in autonomous systems and robotics. Increased focus on sustainable and energy-efficient technologies could also contribute to QUALCOMM’s growth and market appeal.
QCOM Stock Price Forecast 2032
As 6G technology development progresses, QUALCOMM’s stock may see continued appreciation in 2032.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $411.49 | $517.38 | $672.59 |
We anticipate a growth of about 13% from 2031, with the average price reaching $517.38.
By 2032, QUALCOMM’s 6G technology might be nearing commercial readiness, potentially driving investor enthusiasm. The company’s innovations in quantum computing applications for mobile devices could set new industry standards. Expansion into space-based communication technologies and advanced satellite systems might open up new market opportunities and revenue streams for QUALCOMM.
QCOM Stock Price Forecast 2033
In 2033, QUALCOMM’s expansion into new markets and potential breakthroughs in wireless technology could drive further stock price increases.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $456.75 | $584.64 | $760.03 |
The projected growth for 2033 is approximately 13%, with an average price of $584.64.
QUALCOMM’s advancements in brain-computer interfaces and neural implant technologies could generate significant interest by 2033. The company’s role in developing ultra-high-speed, low-latency communication systems for emerging industries like commercial space travel might contribute to growth. Continued innovation in energy-efficient, high-performance computing for AI applications could further strengthen QUALCOMM’s market position.
QCOM Stock Price Forecast 2034
By 2034, QUALCOMM may see increased revenue from advanced automotive solutions and next-generation mobile processors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $507.00 | $660.64 | $858.83 |
We forecast a growth of about 13% from 2033, with the average price reaching $660.64.
In 2034, QUALCOMM’s automotive solutions might become integral to fully autonomous vehicles and advanced transportation systems. The company’s developments in quantum-resistant cryptography could position it as a leader in secure communications. Breakthroughs in molecular-scale computing and DNA data storage technologies might open up entirely new markets for QUALCOMM’s expertise in miniaturized, high-performance computing.
QCOM Stock Price Forecast 2035
In 2035, QUALCOMM’s stock performance could be influenced by the early stages of 6G commercialization and continued innovation in semiconductor technology.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $562.77 | $746.52 | $970.48 |
The projected growth for 2035 is approximately 13%, with an average price of $746.52.
2035 might see the initial rollout of QUALCOMM’s 6G technologies, potentially revolutionizing wireless communications. The company’s advancements in neuromorphic computing could lead to more human-like AI systems in mobile devices. While QUALCOMM focuses on AI in mobile devices, companies in other sectors, such as healthcare, are also seeing significant growth potential. For instance, our Novo Nordisk stock forecast explores the future of a leading pharmaceutical company.
QCOM Stock Price Forecast 2036
As 6G technology gains traction, QUALCOMM’s leadership in wireless communications may drive further stock appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $624.68 | $843.57 | $1,096.64 |
We anticipate a growth of about 13% from 2035, with the average price reaching $843.57.
By 2036, QUALCOMM’s 6G technology could be enabling new applications in holographic communications and immersive virtual reality. The company’s innovations in quantum computing for mobile devices might set new standards for secure, high-speed data processing. QUALCOMM’s role in developing advanced biomedical implants and nanotech-based health monitoring systems could open up significant opportunities in the healthcare sector.
QCOM Stock Price Forecast 2037
In 2037, QUALCOMM’s stock may benefit from increased adoption of advanced AI and machine learning technologies in mobile devices and IoT applications.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $693.39 | $953.23 | $1,239.20 |
The forecast suggests a growth of approximately 13% compared to 2036, with an average price of $953.23.
QUALCOMM’s advancements in AI and machine learning could lead to breakthroughs in personalized medicine and predictive healthcare by 2037. The company’s developments in advanced materials and nanotechnology might revolutionize device manufacturing and performance. Expansion into quantum internet technologies and unhackable quantum communication systems could position QUALCOMM as a leader in next-generation cybersecurity.
QCOM Stock Price Forecast 2038
By 2038, QUALCOMM’s diversification into new markets and continued innovation in semiconductor technology could drive substantial growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $769.67 | $1,077.15 | $1,400.30 |
We project a growth of about 13% from 2037, with the average price reaching $1,077.15.
In 2038, QUALCOMM might be at the forefront of developing neural interfaces for direct brain-to-device communication. The company’s advancements in molecular-scale computing could enable unprecedented levels of processing power in compact devices. QUALCOMM’s role in creating sustainable, self-powering IoT devices might contribute to the growth of smart cities and environmental monitoring systems worldwide.
QCOM Stock Price Forecast 2039
In 2039, QUALCOMM may see increased revenue from advanced automotive and industrial IoT solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $854.33 | $1,217.18 | $1,582.33 |
The forecast indicates a growth of approximately 13% compared to 2038, with an average price of $1,217.18.
By 2039, QUALCOMM’s automotive solutions might extend beyond vehicles to encompass entire transportation ecosystems, including flying cars and hyperloop systems. The company’s advancements in quantum sensing could revolutionize environmental monitoring and disaster prediction. QUALCOMM’s contributions to space-based communication networks might play a crucial role in supporting interplanetary missions and space colonization efforts.
QCOM Stock Price Forecast 2040
As we approach 2040, QUALCOMM’s stock performance could be influenced by the maturation of 6G technology and early research into next-generation wireless communications.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $948.31 | $1,375.41 | $1,788.03 |
We anticipate a growth of about 13% from 2039, with the average price reaching $1,375.41.
In 2040, QUALCOMM might be pioneering the development of 7G technologies, pushing the boundaries of wireless communication even further. The company’s innovations in quantum computing could lead to breakthroughs in complex problem-solving and data analysis. As QUALCOMM pushes the boundaries of computing, other tech giants are also making significant advancements. You can read about another innovative company’s future in our RTX price outlook.
QCOM Stock Price Forecast 2050
Looking ahead to 2050, QUALCOMM’s stock price is projected to reach new heights, driven by decades of innovation and expansion into diverse technology sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $4,458.92 | $5,800.00 | $7,540.00 |
Our long-term forecast suggests a substantial increase, with the average price reaching $5,800.00 by 2050.
By 2050, QUALCOMM could be at the forefront of developing technologies that seamlessly integrate biological and digital systems. The company’s advancements in quantum technologies might enable instantaneous global communication and ultra-secure data transmission. QUALCOMM’s contributions to sustainable computing and energy-efficient devices could play a crucial role in addressing global environmental challenges and shaping a more sustainable future.
Conclusion
Our analysis suggests that QUALCOMM Incorporated (NASDAQ: QCOM) has significant potential for long-term growth, with the stock price projected to reach $5,800 by 2050.
The forecast is based on QUALCOMM’s strong position in the wireless technology market, its ongoing innovation in 5G and future 6G technologies, and its expansion into diverse sectors such as automotive and IoT. The projected Compound Annual Growth Rate (CAGR) of 14.2% over the 26-year period indicates robust and sustained growth.
FAQs
1. What is the future of QCOM share price?
Based on the forecast, QCOM’s share price is expected to show consistent growth over the coming decades. The forecast predicts an average price of $195.50 by the end of 2024, with steady increases each year thereafter. By 2030, the average price is projected to reach $405.19, and by 2040, it could potentially hit $1,375.41. The long-term outlook is even more optimistic, with an average price forecast of $5,800.00 by 2050.
2. Is QCOM a good long-term stock?
Given the projected growth rates and the company’s position in key technological areas, QCOM appears to be a promising long-term stock. The forecast suggests consistent year-over-year growth, with the company expected to benefit from advancements in 5G, 6G, IoT, AI, and quantum computing. QUALCOMM’s diversification into automotive, healthcare, and industrial sectors could provide additional growth opportunities and help mitigate risks associated with market fluctuations.
3. What is the QCOM 10 year outlook?
The 10-year outlook for QCOM is positive. From 2024 to 2034, the average stock price is projected to grow from $195.50 to $660.64, representing a significant increase. During this period, QUALCOMM is expected to capitalize on the maturation of 5G technology, the development of 6G, and expansion into new markets such as automotive solutions, IoT, and edge computing. The company’s investments in AI, machine learning, and quantum computing are also anticipated to yield returns during this timeframe.
4. Is QCOM a buy, hold, or sell?
QCOM appears to be a “buy” or “hold” for long-term investors. The company is anticipated to expand its presence in various sectors beyond mobile, including automotive, healthcare, industrial IoT, and even space-based communications. This diversification could provide multiple revenue streams and reduce risk.
5. Who are the major competitors of QCOM?
The major competitors of QUALCOMM Incorporated (NASDAQ: QCOM) include:
- Broadcom Inc. (AVGO) – Specializes in semiconductors and infrastructure software solutions, serving data centers, networking, and wireless communications.
- Intel Corporation (INTC) – A leading semiconductor company, primarily known for its processors, but also involved in 5G, AI, and IoT.
- NVIDIA Corporation (NVDA) – Known for its GPUs, NVIDIA also competes in AI, data centers, and automotive technology, including autonomous driving.
- Texas Instruments Incorporated (TXN) – Focuses on analog and embedded processing semiconductors, widely used in various electronic systems.
- Advanced Micro Devices, Inc. (AMD) – Competes in processors and graphics for PCs, gaming, data centers, and embedded systems.
- MediaTek Inc. (Not U.S.-based but a significant competitor) – A Taiwanese company known for its mobile device chipsets, especially in the mid-range smartphone market.
- Marvell Technology, Inc. (MRVL) – Produces semiconductors used in data storage, networking, and wireless communications.
- Micron Technology, Inc. (MU) – Specializes in memory and storage solutions, including DRAM, NAND, and NOR Flash.
- Apple Inc. (AAPL) – Competes with its in-house chip designs, such as the A-series and M-series, used in iPhones and other Apple devices.
- Skyworks Solutions, Inc. (SWKS) – Provides analog semiconductors, particularly for mobile and wireless applications, including 5G.
These competitors vary in their focus areas but all play a significant role in sectors overlapping with QUALCOMM’s business.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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