Qualcomm Incorporated (QCOM · NASDAQ)

Qualcomm shares closed at $184.87, up 1.5% on the day, after announcing a multi-year cross-license patent agreement with Huawei covering 5G, AI, compute, and networking technologies. Fundamentals show pressure, with revenue down 4.0% year over year and earnings down 23.0%, though the company beat estimates in three of its last four quarters and posted $9.95B in revenue for the quarter ended June 30, 2026. The balance sheet remains solid, with debt/EBITDA at 1.3x, a current ratio of 2.02, and ROE of 33.8%, while the stock trades at a P/E of 21.15 with a PEG of 0.88 against an analyst target of $194.13. Shares sit 25.7% below their 52-week high and 10.2% above the 200-day moving average.