Qualcomm featured in elevated news coverage across the last 30 days, with broader semiconductor sector sentiment shaped by two distinct forces. An Asian tech rout on 26 June 2026 saw South Korean indices fall approximately 6% and Tokyo shares decline around 4%, with Apple-related price increase announcements contributing to pressure across the broader chip supply chain [Brief - 2026-06-26]. Separately, Micron Technology reported earnings significantly above expectations on 25 June 2026, with its shares rising approximately 18%, which eased some market-wide concerns regarding demand conditions in the memory chip segment [Brief - 2026-06-25]. These developments occurred against a backdrop of geopolitical shifts, including resumed tanker traffic through the Strait of Hormuz and the formalisation of a US-Iran peace agreement, both of which had implications for energy costs relevant to manufacturing-intensive sectors [Brief - 2026-06-17].
Qualcomm's trailing twelve-month revenue stood at $44.49 billion as of the most recent filing period, representing a year-over-year decline of 3.46%. Net income for the same period was $9.92 billion, with a net margin of 22.31% and an operating margin of 25.52%. Earnings per share showed a year-over-year increase of 173.02%, while the price-to-earnings ratio was recorded at 20.32. The company held $5.44 billion in cash against total debt of $15.27 billion. Market capitalisation was approximately $200.56 billion at the time of reporting [SEC 10-Q - QCOM - 2026-03-29].
Insider activity over the past 30 days recorded 11 transactions with a net direction of selling, aggregating a net disposal value of approximately $493,380 [SEC Form 4 - QCOM - 2026-06]. No 13F institutional holding data was included in the provided context for this reporting period, and accordingly no institutional position changes are cited here.
The prevailing macro environment featured a 10-year US Treasury yield of 4.40% and a 2-year yield of 4.09%, producing a normal yield curve spread of 31 basis points [FRED DGS10] [FRED DGS2]. A normal yield curve configuration reflects conditions in which longer-dated sovereign borrowing costs exceed shorter-dated equivalents, a pattern relevant to the discount rates applied across equity valuations broadly, including within the technology and semiconductor sectors where Qualcomm operates.