Qualcomm Trades at 14x EPS, Joins 6G Commercialization Effort from 2029
Qualcomm trades at an attractive 14.0x 2026 EPS with a 2.1% dividend yield, receiving purchases from SCCM’s Enhanced Equity Income Fund after a one-month return of –6.72% and a $151.9 billion market cap. Qualcomm also joined a consortium to advance 6G commercialization starting in 2029.
1. SCCM Fund Buys Qualcomm at Attractive Valuation
In Q4, SCCM Enhanced Equity Income Fund purchased Qualcomm shares, highlighting its strong position in premium smartphones and growing AI-enabled computing. The fund cited a 14.0x 2026 EPS valuation and 2.1% dividend yield as key drivers amid low-volatility and high-dividend factor dislocations.
2. Share Performance and Hedge Fund Interest
Qualcomm’s stock slipped 6.72% over the past month and 7.33% over 52 weeks, with a market capitalization of $151.9 billion. Hedge fund holdings rose to 78 portfolios at year-end from 63 in the prior quarter.
3. Revenue Diversification Beyond Handsets
Qualcomm’s automotive business now accounts for roughly 10% of QCT revenue, and its edge AI and AI-enabled PC segments are scaling. These non-handset areas aim to offset near-term handset demand uncertainty and Apple modem volume declines.
4. 6G Commercialization Roadmap
Qualcomm, alongside other industry leaders, committed to defining 6G standards and initiating commercialization efforts from 2029 onward. This roadmap targets next-generation wireless deployment and strengthens Qualcomm’s long-term technology leadership.