NASDAQ · STOCK
Qualcomm
$147.70
52W $121.99 – $259.92
49/100
$154.99B
16.8
1.64
Is QCOM Bullish or Bearish?
Mixed.
Innellis AI committee rates Qualcomm (QCOM) Watch with a composite score of 49/100
, based on 7 analysts with 57% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.98 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -9.02 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.20 across 247 articles, 14d). Risk Analyst remains cautious — bollinger bandwidth of 24.1% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 37.3% shows genuine earnings power backing the valuation — Value
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 1.69 means this name should amplify a favorable market regime — Macro
- News sentiment is positive (+0.20 across 247 articles, 14d) — News
Bear Case
- Price-to-book of 8.4x prices in significant intangible value — Value
- EPS declining -16.6% YoY despite any revenue growth — Growth
- RSI at 20 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
- Price trading below the lower Bollinger Band -- stretched to the downside — Technical
- Bollinger bandwidth of 24.1% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
49/100
Agreement
57%
Analysts
7
Conviction
Contested
Sector Rank
Top 90%
of 172 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 37.3% shows genuine earnings power backing the valuation
− Price-to-book of 8.4x prices in significant intangible value
Growth Analyst
neutral
48
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− EPS declining -16.6% YoY despite any revenue growth
Technical Analyst
bearish
38
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− RSI at 20 is in oversold territory (could mean either capitulation or a bounce setup)
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 24.1% signals elevated volatility
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 247 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score moved marginally from 48.9 to 49.0.
- New bearish signals: 4 appeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
- Analyst(s) changed stance: Macro Analyst, News Analyst.
Analyst-level changes:
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +2 bullish signal(s).
- News Analyst: stance neutral->bullish; score 55->64 (+9); +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
17.9
Oversold
MACD Histogram
-1.831
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$132.92
Resistance
$174.41
Bollinger %B
-0.03
Below Lower Band
Price vs Moving Averages
EMA 9
$161.29
Below
EMA 21
$172.33
Below
EMA 50
$182.20
Below
EMA 200
$172.15
Below
Fundamental Analysis
Valuation
76
Growth
39
Profitability
1
Financial Health
99
Cash Flow
37
Valuation
P/E Ratio
16.8×
P/B Ratio
5.64×
PEG Ratio
-1.04
Dividend Yield
0.02%
52W High
$259.92
52W Low
$121.99
Quality & Growth
ROE
26.1%
ROA
11.1%
Gross Margin
54.2%
Operating Margin
23.2%
Revenue Growth YoY
—
Debt / Equity
0.55
AI Fundamental Assessment
P/E ratio of 16.8 (inexpensive relative to a 15-40x range); Price-to-book of 5.6x; PEG ratio of -1.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.3%; Return on assets of 0.1%; Net margin of 0.2%; Gross margin of 0.5%; Current ratio of 2.02 (healthy short-term liquidity); Debt-to-equity of 0.55; Free cash flow margin of 0.8% (thin cash generation); Free cash flow per share is positive (9.85); Most recent quarter missed estimates by 2.7%; EPS growth accelerating (-24.3% -> -16.6% QoQ); Average YoY EPS growth of -20.2%; Analyst estimates falling over recent quarters
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