Quick Read – Qualcomm (QCOM) reported Q2 FY26 revenue of $10.60B and non-GAAP EPS of $2.65, beating consensus, with automotive revenue hitting a record $1.33B (+38% YoY) and the company confirming leading hyperscaler custom silicon engagement is on track for initial shipments…
ter this calendar year. – Qualcomm’s 51% recovery from March lows reflects a real diversification story beyond handsets into data center and automotive, with 24/7 Wall St. projecting $268.83 upside over 12 months on 90% confidence that the hyperscaler silicon engagement becomes a credible new revenue pillar. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn’t one of them. Get them here FREE
Qualcomm (NASDAQ:QCOM) has staged a remarkable comeback, recovering 51.2% from its March low of $129.39 to today’s level near $195. The question now is whether the rally has legs or has run ahead of fundamentals. Our proprietary model says it still has room to run.
The 24/7 Wall St. price target for Qualcomm is $268.83 over the next 12 months, implying 37.43% upside from $195.61. Our model carries a 90% confidence level on this target, reflecting the data center and automotive growth thesis. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Qualcomm wasn’t one of them.