Qualcomm Incorporated (QCOM · NASDAQ)

Qualcomm shares closed at $175.50, down 5.1% over five days and 29.4% below their 52-week high, with an RSI of 31 and MACD histogram of -2.37 signaling near-term weakness even as the stock remains above its 50- and 200-day moving averages. Fundamentals show contraction: revenue fell 4.0% year over year to $44.07B TTM and earnings declined 23.0%, with quarterly revenue sliding from $12.25B in December 2025 to $9.95B in June 2026. The June quarter's operating income of $1.63B was down from $3.37B two quarters prior, and free cash flow came in at $495.0M on $991.0M of operating cash flow. The company still beats on earnings in three of its last four quarters and carries a 33.8% ROE and modest 1.3x debt/EBITDA, while the stock trades at a 20.31 P/E against an analyst target of $194.13.