QUALCOMM Incorporated (QCOM) Report Analysis
At a high level, the metrics from QUALCOMM's Q1 financial report release were demonstrably positive. Their income and value factors performance indicate that company management is focused on the right targets and executing well. There should be significant upside potential for the stock looking forward. As such, QUALCOMM received an overall score of 82 and a BUY recommendation.
QUALCOMM reported earnings results for the second quarter and six months ended March 27, 2022. For the second quarter, the company reported revenue was USD 11,164 million compared to USD 7,935 million a year ago. Net income was USD 2,934 million compared to USD 1,762 million a year ago. Basic earnings per share from continuing operations was USD 2.61 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 2.57 compared to USD 1.53 a year ago.For the six months, revenue was USD 21,868 million compared to USD 16,170 million a year ago. Net income was USD 6,333 million compared to USD 4,217 million a year ago. Basic earnings per share from continuing operations was USD 5.63 compared to USD 3.72 a year ago. Diluted earnings per share from continuing operations was USD 5.55 compared to USD 3.66 a year ago.
Business Description
QUALCOMM engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM was incorpotared in 1985 and is headquartered in San Diego, California.
Sector Overview
QUALCOMM is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. QUALCOMM's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Parameter | Value | Change | Score | |
---|---|---|---|---|
Return on Equity | 107.5 | 0.8% | 78 | |
Net Cashflow | 1,173.0 | 350.1% | 65 | |
Capital Expenditure | -2,010.0 | -0.4% | 70 | |
Asset Turnover | 1.0 | 7.4% | 87 | |
Free Cashflow | 6.4 | -2.8% | 65 |
* All values are TTM
The below chart reflects QUALCOMM's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While QUALCOMM's peer average final assessment score stands on 72.0, QUALCOMM's score is 82.
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. QUALCOMM's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), QUALCOMM's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.
Two metrics jump up as the most significant positive drivers of the balance sheet strength in QUALCOMM's recent report: Equity and Book Value Factors. QUALCOMM produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. QUALCOMM's equity was reported as 13328.0, which represents a 17.6% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 4.5 percent by this parameter. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Therefore, its equity movement component earned a score of 96. Also, QUALCOMM publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 10.2 and represents a -44.9% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. Therefore, its book value factors earned a score of 80. At the same time, one critical balance sheet metric, Liabilities, was notably weak. QUALCOMM's liabilities stood at 30974.0 in the current filing, which represents a -1.6% change from the previous report. QUALCOMM's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Discouraging results like these statistically lead to negative movement in stock prices, so we rated their liabilities movement component 57. Consequently, their balance sheet earned a rank of 82.
Parameter | Value | Change | Score |
---|---|---|---|
Assets | 44,302.0 | 3.5% | 71 |
Liabilities | 30,974.0 | -1.6% | 57 |
Price to Book | 10.2 | -44.9% | 80 |
Cash & Equivalents | 7,173.0 | 8.6% | 80 |
Equity | 13,328.0 | 17.6% | 96 |
The below chart describes QUALCOMM's performance as reflected on its balance sheet with respect to its peers. While QUALCOMM received a balance sheet score of 82, the average of its peers stands on 71.0.
Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|---|
NVIDIA Corporation | 400.2B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
Intel Corporation | 154.5B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
Texas Instruments Incorporated | 142.2B | 63 | 69 | 87 | 46 | 84 | 76 | 2 | 1 |
Advanced Micro Devices, Inc. | 130.9B | 93 | 61 | 78 | 96 | 80 | 88 | 3 | 1 |
Broadcom Inc. | 102.5B | 67 | 79 | 58 | 56 | 55 | 62 | 4 | 1 |
Applied Materials, Inc. | 82.7B | 71 | 72 | 63 | 41 | 55 | 60 | 5 | 1 |
Analog Devices, Inc. | 77.2B | 62 | 80 | 66 | 66 | 66 | 69 | 6 | 1 |
Micron Technology, Inc. | 64.6B | 73 | 69 | 85 | 76 | 74 | 81 | 7 | 1 |
Lam Research Corporation | 60.8B | 72 | 77 | 58 | 51 | 45 | 60 | 8 | 1 |
KLA Corporation | 49.3B | 75 | 62 | 73 | 53 | 66 | 66 | 9 | 1 |
NXP Semiconductors N.V. | 40.5B | 71 | 68 | 56 | 62 | 76 | 64 | 10 | 1 |
Marvell Technology, Inc. | 38.5B | 71 | 84 | 50 | 46 | 51 | 60 | 11 | 1 |
Microchip Technology Incorporated | 33.0B | 65 | 84 | 76 | 72 | 66 | 79 | 12 | 1 |
GLOBALFOUNDRIES Inc. | 23.9B | 81 | 65 | 74 | 82 | 74 | 78 | 13 | 1 |
ON Semiconductor Corporation | 22.9B | 74 | 68 | 77 | 89 | 82 | 81 | 14 | 1 |
Monolithic Power Systems, Inc. | 18.5B | 85 | 64 | 76 | 92 | 80 | 84 | 15 | 1 |
Skyworks Solutions, Inc. | 15.5B | 69 | 77 | 63 | 46 | 52 | 62 | 16 | 1 |
SolarEdge Technologies, Inc. | 15.5B | 77 | 62 | 78 | 96 | 85 | 81 | 17 | 1 |
Teradyne, Inc. | 15.3B | 49 | 81 | 62 | 45 | 47 | 52 | 18 | 1 |
Entegris, Inc. | 14.1B | 62 | 70 | 75 | 55 | 78 | 70 | 19 | 1 |
Qorvo, Inc. | 10.2B | 64 | 83 | 64 | 67 | 55 | 67 | 20 | 1 |
First Solar, Inc. | 7.2B | 76 | 70 | 50 | 58 | 58 | 59 | 21 | 1 |
Lattice Semiconductor Corporation | 6.8B | 53 | 79 | 78 | 60 | 64 | 68 | 22 | 1 |
MKS Instruments, Inc. | 5.8B | 60 | 73 | 73 | 76 | 72 | 70 | 23 | 1 |
Silicon Laboratories Inc. | 5.3B | 89 | 81 | 59 | 45 | 48 | 72 | 24 | 1 |
Universal Display Corporation | 5.2B | 57 | 76 | 83 | 85 | 69 | 75 | 25 | 1 |
CMC Materials, Inc. | 5.1B | 65 | 78 | 73 | 87 | 82 | 81 | 26 | 1 |
Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 58 | 65 | 27 | 1 |
Synaptics Incorporated | 4.9B | 71 | 71 | 79 | 92 | 76 | 81 | 28 | 1 |
Power Integrations, Inc. | 4.4B | 56 | 82 | 58 | 79 | 53 | 61 | 29 | 1 |
Amkor Technology, Inc. | 4.2B | 70 | 68 | 75 | 74 | 77 | 75 | 30 | 1 |
Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 73 | 86 | 31 | 1 |
Allegro MicroSystems, Inc. | 4.0B | 68 | 69 | 74 | 81 | 76 | 74 | 32 | 1 |
Semtech Corporation | 3.5B | 58 | 79 | 68 | 67 | 64 | 67 | 33 | 1 |
MACOM Technology Solutions Holdings, Inc. | 3.3B | 65 | 75 | 74 | 38 | 74 | 70 | 34 | 1 |
FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 84 | 35 | 1 |
Diodes Incorporated | 3.0B | 47 | 78 | 71 | 51 | 71 | 62 | 36 | 1 |
SunPower Corporation | 3.0B | 72 | 81 | 42 | 83 | 54 | 61 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 40 | 85 | 60 | 40 | 48 | 54 | 38 | 1 |
MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 74 | 76 | 39 | 1 |
Nova Ltd. | 2.7B | 86 | 45 | 75 | 48 | 82 | 61 | 40 | 1 |
Ambarella, Inc. | 2.6B | 46 | 75 | 74 | 86 | 65 | 64 | 41 | 1 |
Kulicke and Soffa Industries, Inc. | 2.6B | 46 | 83 | 60 | 76 | 56 | 58 | 42 | 1 |
Rambus Inc. | 2.4B | 43 | 83 | 41 | 95 | 54 | 48 | 43 | 1 |
Canadian Solar Inc. | 2.0B | 91 | 54 | 59 | 62 | 62 | 59 | 44 | 1 |
Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 84 | 71 | 73 | 81 | 45 | 1 |
Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 78 | 79 | 86 | 88 | 46 | 1 |
Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 47 | 1 |
Impinj, Inc. | 1.4B | 63 | 68 | 79 | 39 | 92 | 72 | 48 | 1 |
Ultra Clean Holdings, Inc. | 1.4B | 56 | 78 | 69 | 48 | 67 | 63 | 49 | 1 |
Cohu, Inc. | 1.3B | 53 | 82 | 57 | 59 | 58 | 58 | 50 | 1 |
Photronics, Inc. | 1.2B | 53 | 85 | 66 | 76 | 66 | 69 | 51 | 1 |
SMART Global Holdings, Inc. | 1.0B | 89 | 63 | 75 | 95 | 82 | 86 | 52 | 1 |
Veeco Instruments Inc. | 1.0B | 84 | 71 | 41 | 78 | 47 | 58 | 53 | 1 |
Alpha and Omega Semiconductor Limited | 929.5M | 89 | 63 | 68 | 87 | 67 | 77 | 54 | 1 |
PDF Solutions, Inc. | 808.6M | 54 | 81 | 63 | 90 | 51 | 63 | 55 | 1 |
CEVA, Inc. | 778.5M | 81 | 74 | 60 | 87 | 60 | 73 | 56 | 1 |
Ichor Holdings, Ltd. | 754.1M | 59 | 76 | 66 | 38 | 63 | 60 | 57 | 1 |
Maxeon Solar Technologies, Ltd. | 575.9M | 87 | 68 | 40 | 78 | 38 | 53 | 58 | 1 |
Enphase Energy, Inc. | 25.7B | 89 | 60 | 39 | 97 | 56 | 58 | 59 | 1 |
Wolfspeed, Inc. | 8.2B | 96 | 63 | 59 | 97 | 55 | 74 | 60 | 1 |
Daqo New Energy Corp. | 5.0B | 91 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
SiTime Corporation | 3.6B | 57 | 67 | 66 | 73 | 64 | 59 | 62 | 1 |
Onto Innovation Inc. | 3.6B | 83 | 70 | 67 | 72 | 73 | 78 | 63 | 1 |
JinkoSolar Holding Co., Ltd. | 3.2B | 86 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
ACM Research, Inc. | 917.6M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
NeoPhotonics Corporation | 838.5M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
indie Semiconductor, Inc. | 720.1M | 48 | 54 | 72 | 56 | 55 | 44 | 69 | 1 |
Magnachip Semiconductor Corporation | 667.1M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
Navitas Semiconductor Corporation | 533.1M | 37 | 80 | 80 | 62 | 79 | 67 | 72 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 73 | 1 |
Rigetti Computing, Inc. | 413.5M | 93 | 62 | 85 | 99 | 98 | 98 | 74 | 1 |
Meta Materials Inc. | 396.9M | 51 | 78 | 42 | 41 | 51 | 42 | 75 | 1 |
Helix Technology Corporation | 364.9M | 65 | 78 | 79 | 85 | 52 | 65 | 76 | 1 |
Valens Semiconductor Ltd. | 357.2M | 92 | 70 | 66 | 45 | 72 | 75 | 77 | 1 |
Rockley Photonics Holdings Limited | 305.7M | 49 | 82 | 40 | 37 | 52 | 42 | 78 | 1 |
CyberOptics Corporation | 272.8M | 71 | 66 | 72 | 64 | 86 | 75 | 79 | 1 |
Transphorm, Inc. | 255.8M | 41 | 86 | 39 | 47 | 54 | 45 | 80 | 1 |
QUALCOMM appears likely to maintain its strong income statement metrics and momentum going forward. QUALCOMM's management was effective in improving its EBIDTA, which now sits at 14687.0 and represents a 13.4% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 87. Also, In this filing, QUALCOMM reported a return on equity (ROE) ratio of 107.5, which represents a change of 0.8%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 78. At the same time, one critical income statement metric, Revenue Efficiency, was notably weak. QUALCOMM reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 39264.0 and represented 9.0% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 48. Therefore, their income statement earned a grade of 66.
Parameter | Value | Change | Score |
---|---|---|---|
EBITDA | 14,687.0 | 13.4% | 87 |
Total Revenues | 39,264.0 | 9.0% | 48 |
Return on Equity | 107.5 | 0.8% | 78 |
The below chart describes QUALCOMM's performance as reflected on its income statement with respect to its peers. While QUALCOMM received a income statement score of 66 , the average of its peers stands on 67.0.
Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
---|---|---|---|---|---|---|---|
NVIDIA Corporation | 400.2B | 46 | 83 | 67 | 63 | 0 | 1 |
Intel Corporation | 154.5B | 90 | 55 | 74 | 76 | 1 | 1 |
Texas Instruments Incorporated | 142.2B | 69 | 78 | 70 | 74 | 2 | 1 |
Advanced Micro Devices, Inc. | 130.9B | 40 | 89 | 38 | 59 | 3 | 1 |
Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 4 | 1 |
Applied Materials, Inc. | 82.7B | 72 | 68 | 73 | 72 | 5 | 1 |
Analog Devices, Inc. | 77.2B | 40 | 91 | 92 | 65 | 6 | 1 |
Micron Technology, Inc. | 64.6B | 59 | 87 | 90 | 74 | 7 | 1 |
Lam Research Corporation | 60.8B | 80 | 64 | 75 | 74 | 8 | 1 |
KLA Corporation | 49.3B | 56 | 77 | 76 | 67 | 9 | 1 |
NXP Semiconductors N.V. | 40.5B | 59 | 79 | 90 | 71 | 10 | 1 |
Marvell Technology, Inc. | 38.5B | 41 | 89 | 87 | 64 | 11 | 1 |
Microchip Technology Incorporated | 33.0B | 57 | 83 | 92 | 71 | 12 | 1 |
GLOBALFOUNDRIES Inc. | 23.9B | 50 | 92 | 86 | 70 | 13 | 1 |
ON Semiconductor Corporation | 22.9B | 53 | 92 | 94 | 73 | 14 | 1 |
Monolithic Power Systems, Inc. | 18.5B | 45 | 90 | 83 | 66 | 15 | 1 |
Skyworks Solutions, Inc. | 15.5B | 69 | 71 | 63 | 70 | 16 | 1 |
SolarEdge Technologies, Inc. | 15.5B | 41 | 70 | 48 | 53 | 17 | 1 |
Teradyne, Inc. | 15.3B | 88 | 57 | 62 | 75 | 18 | 1 |
Entegris, Inc. | 14.1B | 56 | 80 | 80 | 69 | 19 | 1 |
Qorvo, Inc. | 10.2B | 76 | 65 | 63 | 72 | 20 | 1 |
First Solar, Inc. | 7.2B | 98 | 43 | 40 | 73 | 21 | 1 |
Lattice Semiconductor Corporation | 6.8B | 54 | 88 | 89 | 71 | 22 | 1 |
MKS Instruments, Inc. | 5.8B | 78 | 67 | 65 | 74 | 23 | 1 |
Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 24 | 1 |
Universal Display Corporation | 5.2B | 71 | 64 | 61 | 68 | 25 | 1 |
CMC Materials, Inc. | 5.1B | 72 | 75 | 93 | 76 | 26 | 1 |
Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 27 | 1 |
Synaptics Incorporated | 4.9B | 45 | 91 | 90 | 68 | 28 | 1 |
Power Integrations, Inc. | 4.4B | 80 | 76 | 82 | 80 | 29 | 1 |
Amkor Technology, Inc. | 4.2B | 63 | 76 | 77 | 70 | 30 | 1 |
Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 31 | 1 |
Allegro MicroSystems, Inc. | 4.0B | 68 | 48 | 69 | 61 | 32 | 1 |
Semtech Corporation | 3.5B | 64 | 84 | 87 | 75 | 33 | 1 |
MACOM Technology Solutions Holdings, Inc. | 3.3B | 74 | 77 | 72 | 76 | 34 | 1 |
FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 35 | 1 |
Diodes Incorporated | 3.0B | 66 | 83 | 86 | 76 | 36 | 1 |
SunPower Corporation | 3.0B | 49 | 43 | 74 | 49 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 54 | 83 | 78 | 72 | 38 | 1 |
MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 39 | 1 |
Nova Ltd. | 2.7B | 41 | 89 | 78 | 69 | 40 | 1 |
Ambarella, Inc. | 2.6B | 56 | 89 | 79 | 72 | 41 | 1 |
Kulicke and Soffa Industries, Inc. | 2.6B | 73 | 82 | 85 | 79 | 42 | 1 |
Rambus Inc. | 2.4B | 48 | 86 | 60 | 64 | 43 | 1 |
Canadian Solar Inc. | 2.0B | 73 | 76 | 53 | 72 | 44 | 1 |
Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 45 | 1 |
Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 61 | 60 | 46 | 1 |
Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 47 | 1 |
Impinj, Inc. | 1.4B | 64 | 53 | 51 | 59 | 48 | 1 |
Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 49 | 1 |
Cohu, Inc. | 1.3B | 92 | 53 | 49 | 75 | 50 | 1 |
Photronics, Inc. | 1.2B | 55 | 86 | 92 | 71 | 51 | 1 |
SMART Global Holdings, Inc. | 1.0B | 48 | 87 | 66 | 65 | 52 | 1 |
Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 53 | 1 |
Alpha and Omega Semiconductor Limited | 929.5M | 62 | 75 | 76 | 69 | 54 | 1 |
PDF Solutions, Inc. | 808.6M | 49 | 95 | 88 | 71 | 55 | 1 |
CEVA, Inc. | 778.5M | 51 | 90 | 97 | 71 | 56 | 1 |
Ichor Holdings, Ltd. | 754.1M | 72 | 60 | 54 | 67 | 57 | 1 |
Maxeon Solar Technologies, Ltd. | 575.9M | 50 | 49 | 60 | 49 | 58 | 1 |
Enphase Energy, Inc. | 25.7B | 45 | 74 | 55 | 57 | 59 | 1 |
Wolfspeed, Inc. | 8.2B | 49 | 90 | 86 | 69 | 60 | 1 |
Daqo New Energy Corp. | 5.0B | 37 | 95 | 94 | 65 | 61 | 1 |
SiTime Corporation | 3.6B | 40 | 93 | 78 | 64 | 62 | 1 |
Onto Innovation Inc. | 3.6B | 47 | 87 | 89 | 67 | 63 | 1 |
JinkoSolar Holding Co., Ltd. | 3.2B | 38 | 89 | 82 | 62 | 64 | 1 |
Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
ACM Research, Inc. | 917.6M | 88 | 43 | 42 | 67 | 66 | 1 |
NeoPhotonics Corporation | 838.5M | 45 | 95 | 90 | 69 | 67 | 1 |
Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
indie Semiconductor, Inc. | 720.1M | 37 | 46 | 71 | 43 | 69 | 1 |
Magnachip Semiconductor Corporation | 667.1M | 94 | 80 | 88 | 90 | 70 | 1 |
Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
Navitas Semiconductor Corporation | 533.1M | 56 | 44 | 74 | 53 | 72 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 73 | 1 |
Rigetti Computing, Inc. | 413.5M | 92 | 43 | 69 | 72 | 74 | 1 |
Meta Materials Inc. | 396.9M | 37 | 45 | 72 | 43 | 75 | 1 |
Helix Technology Corporation | 364.9M | 89 | 47 | 50 | 74 | 76 | 1 |
Valens Semiconductor Ltd. | 357.2M | 41 | 86 | 65 | 65 | 77 | 1 |
Rockley Photonics Holdings Limited | 305.7M | 97 | 50 | 85 | 79 | 78 | 1 |
CyberOptics Corporation | 272.8M | 54 | 86 | 87 | 71 | 79 | 1 |
Transphorm, Inc. | 255.8M | 37 | 81 | 97 | 68 | 80 | 1 |
Two main cash flow metrics, Asset Turnover and Capex, are driving the positive outlook for QUALCOMM's financial strength. QUALCOMM's published asset turnover numbers were encouraging and reflected management's balanced change strategy. QUALCOMM recorded asset turnover of 1.0, which represents a 7.4% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 10.7%. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. The company's asset turnover movement, therefore, received a grade of 87. Also, QUALCOMM's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. QUALCOMM recorded CapEx of -2010.0, which represents -0.4% change from the previous report. This performance is all the more impressive relative to their peers and competitors. Therefore, its CapEx movement component earned a score of 70. That said, one metric, Net Cash Flow, stood out as strongly negative. QUALCOMM's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 1173.0 and represented a 350.1% change from the previous period. Their net cash flow momentum should be a cause for concern and could bring negative momentum for QUALCOMM's stock price going forward. Hence, their net cash flow earned a score of 65. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 77.
Parameter | Value | Change | Score |
---|---|---|---|
Net Cashflow | 1,173.0 | 350.1% | 65 |
Capital Expenditure | -2,010.0 | -0.4% | 70 |
Asset Turnover | 1.0 | 7.4% | 87 |
Free Cashflow | 6.4 | -2.8% | 65 |
The below chart describes QUALCOMM's performance as reflected on its cash flow with respect to its peers. While QUALCOMM received a cash flow score of 77, the average of its peers stands on 72.0.
Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
---|---|---|---|---|---|---|---|---|
NVIDIA Corporation | 400.2B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
Intel Corporation | 154.5B | 58 | 72 | 68 | 53 | 58 | 1 | 1 |
Texas Instruments Incorporated | 142.2B | 74 | 74 | 63 | 69 | 70 | 2 | 1 |
Advanced Micro Devices, Inc. | 130.9B | 93 | 66 | 69 | 37 | 57 | 3 | 1 |
Broadcom Inc. | 102.5B | 75 | 76 | 87 | 89 | 85 | 4 | 1 |
Applied Materials, Inc. | 82.7B | 75 | 59 | 69 | 72 | 69 | 5 | 1 |
Analog Devices, Inc. | 77.2B | 78 | 76 | 51 | 94 | 84 | 6 | 1 |
Micron Technology, Inc. | 64.6B | 81 | 85 | 81 | 74 | 80 | 7 | 1 |
Lam Research Corporation | 60.8B | 72 | 60 | 56 | 75 | 69 | 8 | 1 |
KLA Corporation | 49.3B | 70 | 76 | 52 | 79 | 74 | 9 | 1 |
NXP Semiconductors N.V. | 40.5B | 59 | 72 | 51 | 85 | 73 | 10 | 1 |
Marvell Technology, Inc. | 38.5B | 94 | 84 | 58 | 46 | 65 | 11 | 1 |
Microchip Technology Incorporated | 33.0B | 80 | 79 | 48 | 84 | 79 | 12 | 1 |
GLOBALFOUNDRIES Inc. | 23.9B | 54 | 86 | 45 | 64 | 63 | 13 | 1 |
ON Semiconductor Corporation | 22.9B | 60 | 79 | 55 | 74 | 70 | 14 | 1 |
Monolithic Power Systems, Inc. | 18.5B | 84 | 78 | 59 | 74 | 77 | 15 | 1 |
Skyworks Solutions, Inc. | 15.5B | 78 | 57 | 79 | 73 | 71 | 16 | 1 |
SolarEdge Technologies, Inc. | 15.5B | 46 | 38 | 55 | 52 | 43 | 17 | 1 |
Teradyne, Inc. | 15.3B | 75 | 65 | 66 | 68 | 68 | 18 | 1 |
Entegris, Inc. | 14.1B | 61 | 57 | 50 | 76 | 65 | 19 | 1 |
Qorvo, Inc. | 10.2B | 78 | 65 | 87 | 71 | 73 | 20 | 1 |
First Solar, Inc. | 7.2B | 47 | 85 | 56 | 46 | 53 | 21 | 1 |
Lattice Semiconductor Corporation | 6.8B | 79 | 77 | 43 | 82 | 77 | 22 | 1 |
MKS Instruments, Inc. | 5.8B | 58 | 58 | 92 | 56 | 59 | 23 | 1 |
Silicon Laboratories Inc. | 5.3B | 71 | 89 | 81 | 87 | 86 | 24 | 1 |
Universal Display Corporation | 5.2B | 75 | 81 | 68 | 65 | 71 | 25 | 1 |
CMC Materials, Inc. | 5.1B | 72 | 66 | 68 | 80 | 74 | 26 | 1 |
Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 59 | 68 | 27 | 1 |
Synaptics Incorporated | 4.9B | 85 | 62 | 98 | 55 | 66 | 28 | 1 |
Power Integrations, Inc. | 4.4B | 88 | 77 | 64 | 82 | 82 | 29 | 1 |
Amkor Technology, Inc. | 4.2B | 46 | 57 | 62 | 71 | 60 | 30 | 1 |
Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 90 | 31 | 1 |
Allegro MicroSystems, Inc. | 4.0B | 56 | 56 | 77 | 56 | 56 | 32 | 1 |
Semtech Corporation | 3.5B | 79 | 78 | 58 | 79 | 77 | 33 | 1 |
MACOM Technology Solutions Holdings, Inc. | 3.3B | 46 | 78 | 54 | 78 | 68 | 34 | 1 |
FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 67 | 35 | 1 |
Diodes Incorporated | 3.0B | 77 | 61 | 52 | 80 | 72 | 36 | 1 |
SunPower Corporation | 3.0B | 84 | 41 | 39 | 93 | 74 | 37 | 1 |
Silicon Motion Technology Corporation | 2.8B | 63 | 53 | 46 | 85 | 61 | 38 | 1 |
MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 39 | 1 |
Nova Ltd. | 2.7B | 58 | 53 | 39 | 58 | 54 | 40 | 1 |
Ambarella, Inc. | 2.6B | 84 | 95 | 45 | 75 | 79 | 41 | 1 |
Kulicke and Soffa Industries, Inc. | 2.6B | 93 | 81 | 83 | 74 | 82 | 42 | 1 |
Rambus Inc. | 2.4B | 96 | 73 | 89 | 88 | 89 | 43 | 1 |
Canadian Solar Inc. | 2.0B | 69 | 70 | 74 | 66 | 71 | 44 | 1 |
Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 84 | 82 | 45 | 1 |
Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 46 | 1 |
Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 77 | 66 | 47 | 1 |
Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 48 | 1 |
Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 61 | 49 | 1 |
Cohu, Inc. | 1.3B | 92 | 62 | 71 | 44 | 59 | 50 | 1 |
Photronics, Inc. | 1.2B | 65 | 92 | 96 | 79 | 82 | 51 | 1 |
SMART Global Holdings, Inc. | 1.0B | 48 | 85 | 95 | 53 | 62 | 52 | 1 |
Veeco Instruments Inc. | 1.0B | 74 | 82 | 48 | 69 | 71 | 53 | 1 |
Alpha and Omega Semiconductor Limited | 929.5M | 49 | 64 | 45 | 60 | 54 | 54 | 1 |
PDF Solutions, Inc. | 808.6M | 81 | 98 | 45 | 92 | 89 | 55 | 1 |
CEVA, Inc. | 778.5M | 57 | 54 | 84 | 83 | 71 | 56 | 1 |
Ichor Holdings, Ltd. | 754.1M | 51 | 37 | 87 | 70 | 58 | 57 | 1 |
Maxeon Solar Technologies, Ltd. | 575.9M | 87 | 90 | 59 | 88 | 84 | 58 | 1 |
Enphase Energy, Inc. | 25.7B | 89 | 77 | 64 | 41 | 60 | 59 | 1 |
Wolfspeed, Inc. | 8.2B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
Daqo New Energy Corp. | 5.0B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
SiTime Corporation | 3.6B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
Onto Innovation Inc. | 3.6B | 94 | 65 | 88 | 85 | 85 | 63 | 1 |
JinkoSolar Holding Co., Ltd. | 3.2B | 68 | 69 | 73 | 78 | 74 | 64 | 1 |
Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
ACM Research, Inc. | 917.6M | 61 | 43 | 50 | 54 | 50 | 66 | 1 |
NeoPhotonics Corporation | 838.5M | 50 | 63 | 67 | 87 | 71 | 67 | 1 |
Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
indie Semiconductor, Inc. | 720.1M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
Magnachip Semiconductor Corporation | 667.1M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
Navitas Semiconductor Corporation | 533.1M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 73 | 1 |
Rigetti Computing, Inc. | 413.5M | 48 | 76 | 51 | 60 | 58 | 74 | 1 |
Meta Materials Inc. | 396.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
Valens Semiconductor Ltd. | 357.2M | 53 | 89 | 90 | 47 | 66 | 77 | 1 |
Rockley Photonics Holdings Limited | 305.7M | 79 | 72 | 66 | 47 | 60 | 78 | 1 |
CyberOptics Corporation | 272.8M | 49 | 74 | 89 | 77 | 72 | 79 | 1 |
Transphorm, Inc. | 255.8M | 81 | 88 | 96 | 95 | 88 | 80 | 1 |
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