QCOM
QUALCOMM Incorporated Technology - Semiconductors Investor Relations →
QUALCOMM Incorporated (QCOM) closed at $137.34 as of 2026-02-02, trading 2.6% below its 200-week moving average of $140.95. This places QCOM in the below line zone. The stock is currently moving closer to the line, down from 7.6% last week. With a 14-week RSI of 26, QCOM is in oversold territory.
Over the past 1734 weeks of data, QCOM has crossed below its 200-week moving average 34 times. On average, these episodes lasted 10 weeks. Historically, investors who bought QCOM at the start of these episodes saw an average one-year return of +72.5%.
With a market cap of $146.7 billion, QCOM is a large-cap stock. The company generates a free cash flow yield of 7.1%, which is healthy. Return on equity stands at 21.5%, indicating strong profitability. The stock trades at 6.4x book value.
Over the past 33.2 years, a hypothetical investment of $100 in QCOM would have grown to $24589, compared to $2849 for the S&P 500. That represents an annualized return of 18.1% vs 10.6% for the index — confirming QCOM as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 23.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: QCOM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After QCOM Crosses Below the Line?
Across 33 historical episodes, buying QCOM when it crossed below its 200-week moving average produced an average return of +61.2% after 12 months (median +30.0%), compared to +8.3% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +108.1% vs +25.0% for the index.
Each line shows $100 invested at the moment QCOM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
QCOM has crossed below its 200-week MA 34 times with an average 1-year return of +72.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| May 1994 | Aug 1994 | 13 | 21.2% | +73.0% | +21079.0% |
| Aug 1998 | Sep 1998 | 1 | 5.9% | +684.9% | +8421.4% |
| Oct 1998 | Oct 1998 | 1 | 8.3% | +945.2% | +8565.4% |
| Sep 2001 | Oct 2001 | 5 | 21.7% | -37.4% | +887.8% |
| Dec 2001 | Dec 2003 | 105 | 54.7% | -24.6% | +787.0% |
| Aug 2007 | Aug 2007 | 2 | 1.3% | +49.5% | +463.2% |
| Sep 2007 | Sep 2007 | 1 | 0.7% | +27.5% | +461.1% |
| Nov 2007 | Nov 2007 | 1 | 2.0% | -5.2% | +458.0% |
| Dec 2007 | Jan 2008 | 3 | 5.5% | +1.5% | +472.1% |
| Mar 2008 | Mar 2008 | 2 | 3.4% | -4.8% | +438.3% |
| Sep 2008 | Mar 2009 | 26 | 26.0% | +3.1% | +413.4% |
| May 2009 | May 2009 | 1 | 0.1% | -6.9% | +410.5% |
| Oct 2009 | Oct 2009 | 1 | 0.5% | +10.6% | +406.9% |
| Jan 2010 | Mar 2010 | 8 | 9.5% | +39.7% | +424.4% |
| Apr 2010 | Aug 2010 | 19 | 19.2% | +51.5% | +435.0% |
| Jan 2015 | Feb 2015 | 1 | 0.8% | -25.1% | +200.6% |
| Jun 2015 | Jul 2016 | 56 | 30.3% | -12.8% | +193.7% |
| Aug 2016 | Aug 2016 | 1 | 0.2% | -11.5% | +189.5% |
| Sep 2016 | Sep 2016 | 1 | 1.5% | -14.8% | +192.7% |
| Jan 2017 | Oct 2017 | 40 | 16.4% | +31.3% | +224.0% |
| Mar 2018 | May 2018 | 8 | 10.6% | +10.4% | +212.5% |
| Jun 2018 | Jul 2018 | 1 | 0.0% | +41.2% | +195.7% |
| Nov 2018 | Nov 2018 | 1 | 0.7% | +59.8% | +197.6% |
| Dec 2018 | Dec 2018 | 1 | 0.3% | +68.0% | +196.6% |
| Jan 2019 | Mar 2019 | 7 | 9.5% | +81.2% | +217.1% |
| Oct 2022 | Oct 2022 | 1 | 0.2% | +1.5% | +34.6% |
| Oct 2022 | Nov 2022 | 1 | 4.0% | +15.0% | +38.7% |
| Dec 2022 | Jan 2023 | 2 | 2.9% | +32.9% | +32.6% |
| Mar 2023 | Mar 2023 | 1 | 0.4% | +51.9% | +26.9% |
| Apr 2023 | Jun 2023 | 6 | 12.2% | +45.5% | +25.1% |
| Jun 2023 | Jul 2023 | 3 | 4.3% | +91.6% | +27.9% |
| Aug 2023 | Nov 2023 | 13 | 12.2% | +46.8% | +26.6% |
| Mar 2025 | May 2025 | 5 | 8.6% | N/A | +9.6% |
| Feb 2026 | Ongoing | 1+ | 2.6% | Ongoing | N/A |
| Average | 10 | — | +72.5% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02