QualcommWBO:QCOM -12.34%83 Net Margin % is 69.53% as of Mar. 2026, which is 229% above its 10-year median of 21.14. GuruFocus rates WBO:QCOM with a GF Score™ of 83/100 and a GF Value™ of €150.78 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,023 Semiconductors companies, Qualcomm ranks better than 87.78% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Qualcomm's Net Income for the
three
months ended in Mar. 2026 was €6,375 Mil. Qualcomm's Revenue for the
three
months ended in Mar. 2026 was €9,168 Mil. Therefore, Qualcomm's net margin for the quarter that ended in Mar. 2026 was 69.53%.
The historical rank and industry rank for Qualcomm's Net Margin % or its related term are showing as below:
WBO:QCOM'
s Net Margin % Range Over the Past 10 Years
Min: -21.95 Med: 21.14 Max: 29.27
Current: 22.31
WBO:QCOM's Net Margin % is ranked better than 87.78% of 1023
companies
in the Semiconductors industry
Industry Median: 4.15
vs WBO:QCOM: 22.31
Qualcomm (WBO:QCOM) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Qualcomm Net Margin % Related Terms
Qualcomm Net Margin % Historical Data
* Premium members only.
The historical data trend for Qualcomm's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:QCOM vs TXN, ADI, MRVL: Net Margin % Comparison
For the Semiconductors subindustry, Qualcomm's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Qualcomm Net Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Qualcomm's Net Margin % distribution charts can be found below:
* The bar in red indicates where Qualcomm's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Qualcomm (WBO:QCOM) has a Net Margin % of 69.53% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Qualcomm and its competitors. This is 229% above median its historical median of 21.14. According to the industry distribution chart, Qualcomm ranks #125 out of 1023 companies in the Semiconductors industry, placing it in the top 12.2%.
Is Qualcomm's Net Margin % too high?
Qualcomm's current Net Margin % of 69.53% is 229% above median its 10-year median of 21.14. The Semiconductors industry median Net Margin % is 4.15. Qualcomm's value of 69.53% is 1575.4% above this industry median. Based on the distribution chart, Qualcomm ranks #125 out of 1023 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Qualcomm has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qualcomm's Net Margin % compare to TXN and ADI?
According to the Semiconductors industry distribution chart, Qualcomm ranks #125 out of 1023 companies for Net Margin %. This places Qualcomm in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 4.15. Qualcomm's value of 69.53% is 1575.4% above this benchmark. While the company's 10-year median is 21.14 vs. the industry median of 4.15, Qualcomm has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Semiconductors company?
The median Net Margin % among Semiconductors companies is 4.15, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Qualcomm's current Net Margin % of 69.53% is 1575.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Qualcomm and its competitors. For the Semiconductors industry, the median Net Margin % is 4.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualcomm's current Net Margin % is 69.53%, which is 229% above median its own 10-year median of 21.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualcomm stock overvalued right now?
Based on GuruFocus' analysis, Qualcomm (WBO:QCOM) is currently considered Modestly Overvalued. The stock's GF Value™ is €150.78, compared to a current price of €175.54 — trading 16.4% above its estimated fair value. The current Net Margin % is 69.53%, which is 229% above median its 10-year median of 21.14 and 1575.4% above the Semiconductors industry median of 4.15. Qualcomm's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Qualcomm (WBO:QCOM), the current Net Margin % is 69.53% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Qualcomm (WBO:QCOM) Overvalued in 2026?
Based on GuruFocus' analysis, Qualcomm stock appears to be overvalued.
The current stock price of €175.54 is trading 16.4% above its estimated GF Value™ of €150.78.
GuruFocus considers Qualcomm to be Modestly Overvalued.
Key valuation signals for WBO:QCOM:
Net Margin %: 69.53% (229% above median its 10-year median of 21.14)
GF Value™: €150.78 vs. price of €175.54 (16.4% above fair value)
Industry Position: 1575.4% above the Semiconductors median (#125 of 1023)
No single metric tells the full story. See the WBO:QCOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
83GF Score
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