Core Insights - Qualcomm Incorporated (QCOM) has a market cap of $173.4 billion and is a leading player in the semiconductor and wireless technology sector, particularly known for its Snapdragon chipsets and 5G modems [1][2] - The company operates primarily through two segments: chip sales (QCT) and licensing royalties (QTL), which provide both volume and high-margin revenue streams [1][2] Competitive Strengths - Qualcomm's competitive advantages include a dominant patent portfolio and a licensing model that generates strong, recurring, high-margin revenue, influencing global wireless standards like 4G and 5G [2] - The Snapdragon platform is recognized for delivering industry-leading performance and connectivity, making it a preferred choice for premium smartphones [2] Business Model and Diversification - The company benefits from a fabless business model, allowing for efficient scaling without significant manufacturing costs [3] - Qualcomm's diverse product strategy extends beyond smartphones into automotive, IoT, and edge-AI computing, reducing reliance on any single market [3] Stock Performance - Qualcomm shares have declined 20.7% from their 52-week high of $205.95, while the stock has surged 4.4% over the past three months, underperforming the Nasdaq Composite's 7.4% rise [3] - In 2025, QCOM shares have risen 6.3%, lagging behind the NASDAQ's 19.2% rally during the same period [4] - Over the past year, QCOM shares increased by 2.8%, trailing the NASDAQ's 20.8% rise [4] Recent Financial Results - On November 5, Qualcomm released its fiscal 2025 Q4 results, reporting revenue of $11.27 billion, a 10% year-over-year increase, driven by strong performance in its semiconductor division [5] - QCT revenue reached $9.82 billion, with handset sales up 14% and automotive and IoT segments growing by 17% and 7% respectively, indicating successful diversification [5] - Non-GAAP EPS was reported at $3, exceeding analyst expectations [5]