QUALCOMM Incorporated (NASDAQ:QCOM) will release earnings for its second quarter after the closing bell on Wednesday, April 29.

Analysts expect the San Diego, California-based company to report quarterly earnings of $2.56 per share, down from $2.85 per share in the year-ago period. The consensus estimate for Qualcomm's quarterly revenue is $10.58 billion (it reported $10.84 billion last year), according to Benzinga Pro.

According to recent news, Qualcomm is reportedly working with OpenAI to develop smartphone processors.

Qualcomm shares fell 0.2% to close at $150.00 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Barclays analyst Tom O'Malley maintained an Underweight rating with a price target of $130 on April 22, 2026. This analyst has an accuracy rate of 86%.
  • UBS analyst Timothy Arcuri maintained a Neutral rating and cut the price target from $160 to $150 on April 21, 2026. This analyst has an accuracy rate of 88%.
  • BNP Paribas analyst David O'Connor downgraded the stock from Outperform to Neutral and slashed the price target from $180 to $120 on April 17, 2026. This analyst has an accuracy rate of 77%.
  • JP Morgan analyst Samik Chatterjee downgraded the stock from Overweight to Neutral and slashed the price target from $185 to $140 on April 16, 2026. This analyst has an accuracy rate of 85%.
  • Bernstein analyst Stacy Rasgon downgraded the stock from Outperform to Market Perform and cut the price target from $175 to $140 on March 26, 2026. This analyst has an accuracy rate of 75%.

Considering buying QCOM stock? Here’s what analysts think:

Photo via Shutterstock