Is QUALCOMM Inventory Underperforming the Dow?

San Diego, California-based QUALCOMM Integrated (QCOM) engages within the improvement and commercialization of foundational applied sciences for the wi-fi trade worldwide. Valued at a market cap of $152.4 billion, the corporate operates by way of three segments: Qualcomm CDMA Applied sciences (QCT); Qualcomm Know-how Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).

Firms value $10 billion or extra are usually known as “large-cap shares.” QCOM matches proper into that class, with its market cap exceeding this threshold, reflecting its substantial dimension and affect within the semiconductor trade.

Nonetheless, the inventory has retreated 46.7% from its 52-week excessive of $205.95 touched on Oct. 27, 2025. Shares of QCOM have declined 14% over the previous three months, underperforming the broader Dow Jones Industrials Common’s ($DOWI) 5.5% climb over the identical timeframe.

In the long run, QCOM inventory has declined 17.9% on a YTD foundation, underperforming the Dow’s 1.5% enhance. Furthermore, shares of QCOM fell 15.1% over the previous 52 weeks, underperforming DOWI’s 12.4% returns over the identical interval.

QCOM has been buying and selling beneath its 200-day and 50-day shifting averages since mid-January.

On Feb. 4, QCOM introduced its Q1 2026 earnings. The corporate’s income elevated 5% year-over-year to $12.3 billion and surpassed Wall Avenue estimates. Furthermore, its adjusted EPS got here in at $3.50 and on prime of the Avenue’s expectations. Nonetheless, the inventory fell almost 9% within the subsequent buying and selling session regardless of the better-than-expected earnings, as a consequence of its disappointing income steering for the following quarter.

Its rival, Broadcom Inc. (AVGO), has declined 4.6% in 2026, outperforming QCOM and has surged 51.1% over the previous 12 months, additionally outperforming QCOM.

Among the many 33 analysts masking the QCOM inventory, the consensus score is a “Average Purchase.” Its imply worth goal of $163.32 suggests a 16.3% upside potential from present worth ranges.

On the date of publication, Anushka Mukherjee didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially revealed on Barchart.com