How Does Qualcomm Stock Stack Up Against Its Peers?
Qualcomm (QCOM) stock returned 10% over the past year, underperforming several peers rapidly scaling the AI and edge computing landscape as of January 12, 2026. A deeper analysis of the company’s financials reveals strong profitability, evidenced by a 28% operating margin and 29% free cash flow margin, coupled with moderate 13.7% revenue growth and a reasonable 32.9 PE ratio. While Qualcomm is strategically expanding into automotive, IoT, and data centers with new AI chips and partnerships, aiming to capitalize on surging demand in these sectors, its upside may be limited as pure-play AI companies continue to accelerate.
- QCOM’s 28.0% operating margin, high but below NVDA (58.8%), reflects mobile demand pressure vs. AI GPU dominance.
- QCOM’s 13.7% revenue growth, outpacing INTC/TXN but behind AVGO/NVDA/AMD, shows mobile strength vs. AI/data center boom.
- QCOM’s 10.2% stock gain 32.9 P/E, trailed peers like AVGO, NVDA, INTC, and AMD, reflecting mobile market headwinds vs. AI/turnaround surges.
Here’s how Qualcomm stacks up across size, valuation, and profitability versus key peers.
| QCOM | AVGO | NVDA | INTC | TXN | AMD | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 182.5 | 1,667.0 | 4,499.0 | 198.9 | 171.9 | 337.7 |
| Revenue ($ Bil) | 44.3 | 63.9 | 187.1 | 53.4 | 17.3 | 32.0 |
| PE Ratio | 32.9 | 72.1 | 45.4 | 1,004.5 | 34.1 | 102.1 |
| LTM Revenue Growth | 13.7% | 23.9% | 65.2% | -1.5% | 9.9% | 31.8% |
| LTM Operating Margin | 28.0% | 40.8% | 58.8% | -0.2% | 34.8% | 9.4% |
| LTM FCF Margin | 28.9% | 42.1% | 41.3% | -15.8% | 12.0% | 17.0% |
| 12M Market Return | 10.2% | 58.4% | 36.1% | 130.1% | 2.7% | 79.0% |
For more details on Qualcomm, read Buy or Sell QCOM Stock. Below we compare QCOM’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| QCOM | 13.7% | 13.7% | 8.8% | -19.0% | |
| AVGO | 23.9% | 23.9% | 44.0% | 7.9% | |
| NVDA | 65.2% | 114.2% | 125.9% | 0.2% | |
| INTC | -1.5% | – | -2.1% | -14.0% | -20.2% |
| TXN | 9.9% | – | -10.7% | -12.5% | 9.2% |
| AMD | 31.8% | – | 13.7% | -3.9% | 43.6% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| QCOM | 28.0% | 28.0% | 26.3% | 24.1% | |
| AVGO | 40.8% | 40.8% | 29.1% | 45.9% | |
| NVDA | 58.8% | 62.4% | 54.1% | 20.7% | |
| INTC | -0.2% | – | -8.9% | 0.1% | 3.7% |
| TXN | 34.8% | – | 34.1% | 41.8% | 51.9% |
| AMD | 9.4% | – | 8.1% | 1.8% | 5.4% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| QCOM | 32.9 | 33.8 | 16.9 | 22.3 | |
| AVGO | 72.1 | 70.5 | 181.9 | 32.9 | |
| NVDA | 45.4 | 62.8 | 111.4 | 282.0 | |
| INTC | 1004.5 | – | -8.4 | 49.7 | 25.8 |
| TXN | 34.1 | – | 33.0 | 26.2 | 17.8 |
| AMD | 102.1 | – | 211.4 | 228.3 | 174.3 |
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